The Freep failed to mention that Ross/Ilitch Co will be asking for a public subsidy for this project...a luxury hotel.
sourceThe development agreement says the developer expects to apply for public incentives for the project, which it says are necessary for it to be economically viable. Olympia and Related will be managing members of the developing entity and contribute equity to the project, the development agreement says.
Considering the state of journalism, I presume Crain's has the latest rendering too.
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