the detroit economic growth corporation midtown: a case study stay focused. be efficient....
TRANSCRIPT
The Detroit Economic Growth Corporation
Midtown: A case Study
Stay Focused. Be Efficient. Prioritize.
CNU XVPresented to
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Midtown Context
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Initiatives - TechTown
Land Assembly
Tax Increment Financing
Abatement Support
Loans and Capital
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Initiatives – Housing /Retail
Abatement Support
Brownfield Credits
Loans and Capital
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Initiatives – Streetscapes
State Grant Assistance
Construction Management
Community Partnering
Design Coherence
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Brush Park
1950-1996 Abandonment and Decay
$65 million in
City investment
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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
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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
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Stabilization – Brush Park
Historic Stabilization
Identify candidate structures
Stabilize / Mothball
Loans and abatements
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Restoration – Brush Park
Residential
Abatement Support
Brownfield Credits
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Restoration – Brush Park
Commercial
Abatement Support
Brownfield Credits
Loans
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Infill – Brush Park
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Mixed Use – Brush Park
Brush Park Manor – Presbyterian Village
Hospice of Michigan