Redevelopment project in Dearborn wins $55 million in tax credits

Dearborn‘s west end is in line for a nice little shot in the arm. The Michigan Economic Development Corporation approved $55 million in tax credits and local tax capture meant to help redevelop 12 sites along Michigan Avenue between Howard and Military streets.

The mixed-use development will include building retail space, housing, two 10-story condo towers and a tri-level 881-space parking deck. In all, the project will renovate one whole city block in Dearborn‘s west downtown.

The project is expected to generate $125 million in capital investment and create 350 new jobs.

Source: Michigan Economic Development Corporation
Writer: Jon Zemke