City council approves District Detroit tax incentives in 8-1 vote
After weeks of back and forth with postponed votes, the Ilitchโs Olympia Development and billionaire developer and Detroit native Steven Ross just got the first chunk of tax incentives they were looking for, more than $600 million of the $800 million they want to expand upon District Detroit.
Concerns raised after City Council postpones vote on $1.5B District Detroit project
The Detroit City Council has delayed a vote on whether to approve the new District Detroit project, a $1.5 billion proposal backed by the University of Michigan, billionaire Steven Ross and the Ilitch organization. Many Detroiters are deeply concerned that the city is giving away too much in the deal.
New renderings give glimpse of what could be in store for Detroit District
The proposed projects were presented at a community meeting Tuesday (Nov. 29) night. The projects are a collaboration between the Ilitch family organization Olympia Development of Michigan, and real estate development firm Related Companies.