Massive Looting Of Public Resources At Stake In Detroit Redevelopment Scheme
Detroit, Michigan - Billionaire developers in Detroit have proposed capturing almost one billion dollars in public money to fund their newest project. The deal is far from sealed, but organized community opposition will be necessary to prevent approvals from sailing through.
In a majority Black and Brown, working-class city experiencing an unprecedented housing crisis, billionaire developers are seeking to siphon public funds that should be used to build public housing and expand community resources to subsidize luxury apartments, hotels, and office space. Community members have spoken out against publicly funding the development scheme but have yet to unite an opposition capable of stopping it or even winning major concessions. A proposed development, to be constructed in the heart of Downtown Detroit, the long-promised but never realized “District Detroit”, is seeking nearly 800 million dollars in public subsidies and tax breaks.