Detroit City Council approves tax breaks and incentives for Ilitch's $1.5B District Detroit plan.

Detroit City Council has approved a $616m tax capture for the proposed $1.5bn District Detroit project, which includes 10 new and rehabilitated buildings for 1.2 million square feet of office space, 695 apartments, retail spaces and two new hotels. The vote was seen as critical for the developers to secure financing in time for the first new building to break ground in July or August. The developers agreed to several new concessions for the community benefits agreement, including prioritising longtime Detroiters for the 20% of the development's apartments to be set aside at below-market rents for those with qualifying incomes or paying with Section 8 vouchers.