Detroit City Council approves more than $600M in tax incentives for District Detroit plan

WXYZ-Detroit Videos

March 29, 2023 at 6:09 AM

Detroit City Council voted 8-1 to approve a $616 million Transformation Brownfield incentive for the District Detroit plan during their meeting on Tuesday, a week after members delayed the vote. Olympia Development, owned by the Ilitch family, and Related Cos., which is owned by billionaire developer Stephen Ross, announced the $1.5 billion investment for 10 buildings surrounding The District Detroit in November. It came as several buildings that were announced in 2017 sit unfinished.

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Detroit City Council approves more than $600M in tax incentives for District Detroit plan

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