Michigan Central Restored and Opening
RESTORED MICHIGAN CENTRAL DEPOT OPENS »



Results 1 to 25 of 38

Threaded View

  1. #20

    Default

    "Quite a few; you should head down from sprawlsville when you have a chance. Compuware, Ernst & Young, and Quicken, to name a few. None would be downtown absent demolition of vacant structures or unused space. Want more? Comerica, Ford Field, MOT, Wayne State expansion; the list goes on."

    Can I get directions to the Quicken building so I can take photos the next time I drive in from sprawlsville?

    As to your point, what exactly is your point? Most of the new development you listed has been subsidized with huge tax breaks and other incentives. From a description of the Compuware project:

    "For example, Compuware Corp., which moved its headquarters from Farmington Hills to Detroit last year, received about $80 million in tax breaks to relocate in Campus Martius. The city also gave Compuware the property for its 15-story, $800-million building for $1. The tax breaks included $52 million for property taxes, $10 million in single business tax credits and $18 million in personal property tax savings on the building's equipment and fixtures."

    Comerica Park and Ford Field were subsidized with hundred of millions of taxpayer dollars. Wayne State expansion was funded with government dollars. The issue isn't whether taxpayer dollars will be spent. The issue is whether those millions will be spent to demolish and subsidize new buildings or used instead to rehab existing buildings.

    More importantly, if we compare the success of the rehab efforts versus the demolition efforts, there's a strong case to be made that those who have pursued the route of restoration have accomplished more with less government dollars than the handful of new developments that have emerged from the DDA/DEGC demolition efforts. Also, let's not forget all of the demolition failures, the lots scattered around downtown created by demolition that have failed to result in new development.
    Last edited by Novine; July-23-09 at 10:55 PM.

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Instagram
BEST ONLINE FORUM FOR
DETROIT-BASED DISCUSSION
DetroitYES Awarded BEST OF DETROIT 2015 - Detroit MetroTimes - Best Online Forum for Detroit-based Discussion 2015

ENJOY DETROITYES?


AND HAVE ADS REMOVED DETAILS »





Welcome to DetroitYES! Kindly Consider Turning Off Your Ad BlockingX
DetroitYES! is a free service that relies on revenue from ad display [regrettably] and donations. We notice that you are using an ad-blocking program that prevents us from earning revenue during your visit.
Ads are REMOVED for Members who donate to DetroitYES! [You must be logged in for ads to disappear]
DONATE HERE »
And have Ads removed.