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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 Page No. Midtown Context
3 © 2007 DEGC Confidential and Proprietary Information Page No. Initiatives - TechTown Land Assembly Tax Increment Financing Abatement Support Loans and Capital
4 © 2007 DEGC Confidential and Proprietary Information Page No. Initiatives – Housing /Retail Abatement Support Brownfield Credits Loans and Capital
5 © 2007 DEGC Confidential and Proprietary Information Page No. Initiatives – Streetscapes State Grant Assistance Construction Management Community Partnering Design Coherence
6 © 2007 DEGC Confidential and Proprietary Information Page No. Brush Park Abandonment and Decay $65 million in City investment
7 © 2007 DEGC Confidential and Proprietary Information 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
8 © 2007 DEGC Confidential and Proprietary Information 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
9 © 2007 DEGC Confidential and Proprietary Information Page No. Stabilization – Brush Park Historic Stabilization Identify candidate structures Stabilize / Mothball Loans and abatements
10 © 2007 DEGC Confidential and Proprietary Information Page No. Restoration – Brush Park Residential Abatement Support Brownfield Credits
11 © 2007 DEGC Confidential and Proprietary Information Page No. Restoration – Brush Park Commercial Abatement Support Brownfield Credits Loans
12 © 2007 DEGC Confidential and Proprietary Information Page No. Infill – Brush Park
13 © 2007 DEGC Confidential and Proprietary Information Page No. Mixed Use – Brush Park Brush Park Manor – Presbyterian Village Hospice of Michigan
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