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The Detroit Economic Growth Corporation Midtown: A case Study Stay Focused. Be Efficient. Prioritize. CNU XV Presented to

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Page 1: The Detroit Economic Growth Corporation Midtown: A case Study Stay Focused. Be Efficient. Prioritize. CNU XV Presented to

The Detroit Economic Growth Corporation

Midtown: A case Study

Stay Focused. Be Efficient. Prioritize. 

CNU XVPresented to

Page 2: The Detroit Economic Growth Corporation Midtown: A case Study Stay Focused. Be Efficient. Prioritize. CNU XV Presented to

2© 2007 DEGC Confidential and Proprietary Information www.DEGC.org Page No.

Midtown Context

Page 3: The Detroit Economic Growth Corporation Midtown: A case Study Stay Focused. Be Efficient. Prioritize. CNU XV Presented to

3© 2007 DEGC Confidential and Proprietary Information www.DEGC.org Page No.

Initiatives - TechTown

Land Assembly

Tax Increment Financing

Abatement Support

Loans and Capital

Page 4: The Detroit Economic Growth Corporation Midtown: A case Study Stay Focused. Be Efficient. Prioritize. CNU XV Presented to

4© 2007 DEGC Confidential and Proprietary Information www.DEGC.org Page No.

Initiatives – Housing /Retail

Abatement Support

Brownfield Credits

Loans and Capital

Page 5: The Detroit Economic Growth Corporation Midtown: A case Study Stay Focused. Be Efficient. Prioritize. CNU XV Presented to

5© 2007 DEGC Confidential and Proprietary Information www.DEGC.org Page No.

Initiatives – Streetscapes

State Grant Assistance

Construction Management

Community Partnering

Design Coherence

Page 6: The Detroit Economic Growth Corporation Midtown: A case Study Stay Focused. Be Efficient. Prioritize. CNU XV Presented to

6© 2007 DEGC Confidential and Proprietary Information www.DEGC.org Page No.

Brush Park

1950-1996 Abandonment and Decay

$65 million in

City investment

Page 7: The Detroit Economic Growth Corporation Midtown: A case Study Stay Focused. Be Efficient. Prioritize. CNU XV Presented to

7© 2007 DEGC Confidential and Proprietary Information www.DEGC.org Page No.

Land Assembly – Brush Park

Approx 110 Tax Reverted Parcels

82 private parcels through condemnation & quiet acquisition

Relocation of non- suitable uses

Competitive RFPs for bundled parcels

1700 new construction housing units

300 – 400 rehabilitated units

Page 8: The Detroit Economic Growth Corporation Midtown: A case Study Stay Focused. Be Efficient. Prioritize. CNU XV Presented to

8© 2007 DEGC Confidential and Proprietary Information www.DEGC.org Page No.

Infrastructure – Brush Park

$25 million

New Utilities

Complete road reconstruction

New sidewalks

Decorative street lights

Street Trees

Rebuilt abandoned and closed streets

Reopened two – way traffic

Page 9: The Detroit Economic Growth Corporation Midtown: A case Study Stay Focused. Be Efficient. Prioritize. CNU XV Presented to

9© 2007 DEGC Confidential and Proprietary Information www.DEGC.org Page No.

Stabilization – Brush Park

Historic Stabilization

Identify candidate structures

Stabilize / Mothball

Loans and abatements

Page 10: The Detroit Economic Growth Corporation Midtown: A case Study Stay Focused. Be Efficient. Prioritize. CNU XV Presented to

10© 2007 DEGC Confidential and Proprietary Information www.DEGC.org Page No.

Restoration – Brush Park

Residential

Abatement Support

Brownfield Credits

Page 11: The Detroit Economic Growth Corporation Midtown: A case Study Stay Focused. Be Efficient. Prioritize. CNU XV Presented to

11© 2007 DEGC Confidential and Proprietary Information www.DEGC.org Page No.

Restoration – Brush Park

Commercial

Abatement Support

Brownfield Credits

Loans

Page 12: The Detroit Economic Growth Corporation Midtown: A case Study Stay Focused. Be Efficient. Prioritize. CNU XV Presented to

12© 2007 DEGC Confidential and Proprietary Information www.DEGC.org Page No.

Infill – Brush Park

Page 13: The Detroit Economic Growth Corporation Midtown: A case Study Stay Focused. Be Efficient. Prioritize. CNU XV Presented to

13© 2007 DEGC Confidential and Proprietary Information www.DEGC.org Page No.

Mixed Use – Brush Park

                                                      

Brush Park Manor – Presbyterian Village

Hospice of Michigan