Michigan to Provide $618 Million in Tax Incentives to Four Dan Gilbert Projects

Dan Gilbert is investing over $2 billion in four projects in downtown Detroit. The state is matching that ambition with $618 million of its own.

1 minute read

May 23, 2018, 8:00 AM PDT

By James Brasuell @CasualBrasuell

John Gallagher reports that the Michigan Strategic Fund has approved $618 million in tax incentives for development projects to back up $2.15 billion of investments committed by Dan Gilbert.

The "transformational brownfield incentives" are the largest ever awarded by the Michigan Strategic Fund. They'll help construct four major projects in downtown Detroit.

"The four projects include the site of the former Hudson's store, where Gilbert's Bedrock real estate arm broke ground last December on what promises to become Detroit's tallest building; the nearby Monroe Block, where Gilbert hopes to break ground soon on a series of mixed-use buildings; an addition to One Campus Martius, the former Compuware building; and the renovation of the Book Building and Book Tower on Washington Boulevard," reports Gallagher.

"The projects are expected to create 7,261 permanent jobs and add up to 3.1 million square feet of new office, retail, residential, hotel and civic space to the downtown core," according to Gallagher. The article includes more details about the political support for the move, and the broader hopes for the benefits of the four projects.

FULL STORY: Dan Gilbert gets state OK for $618M in tax breaks for Detroit projects

Tuesday, May 22, 2018 in Detroit Free Press

Urban Development Michigan Detroit Dan Gilbert Redevelopment Funds Michigan Strategic Fund Development Incentives Transformational Brownfield Incentives Bedrock View More

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban Planner

Get top-rated, practical training

Start Learning

Advertise with us

Urban Design for Planners 1: Software Tools

This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.