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Detroit's RenCen redevelopment gets a key thumbs-up from its neighborhood advisory council
The RenCen plan comes with big price tags and pledges
- $2.2 billion
- for the full redevelopment plan
- $43.5 million
- committed to direct program spending
- $90 million
- in tax-related payments over 30 years
- $548 million
- in public incentives requested, roughly
Source: CBS Detroit
If you've been following the Renaissance Center plan, Thursday brought a milestone. Eight of nine Neighborhood Advisory Council members signed a letter supporting the redevelopment's Community Benefits Agreement. WXYZ says the signing took place at Bedrock's East Riverfront Community Hub, next to the towers.
The plan would demolish Towers 300 and 400 and replace them with about 18 acres of publicly accessible civic space, with concerts, splash pads and ice skating planned. The project has also faced opposition over the demolition and the public incentives.
“The responsibility now is to follow through and to turn these commitments into lasting benefits that Detroiters can see and feel.”
Mayor Mary Sheffield
- Direct program spending: $43.5 million, per Bedrock
- Tax-related payments: $90 million over 30 years
- Public incentives requested: roughly $548 million
- Still needed: Detroit City Council and state approvals
- City's goal: finish its approval package before Thanksgiving
The RenCen agreement heads to City Council before Thanksgiving
- Oct. 27Advisory council holds its final meeting before voting on a recommendation
- Nov. 5Eight of nine council members sign letter backing the agreement
- NovemberCity hopes to finish its approval package before Thanksgiving; council vote still needed
Sources: CBS Detroit, WDIV
