Jodi Westrick / Michigan Radio
Detroiters will get a chance to vote in November on whether the city should borrow $250 million to tackle blight, after the Detroit City Council approved Mayor Mike Duggan’s proposal on Tuesday.
The Council vote was a narrow 5-4 victory for Duggan’s “Proposal N,” which would issue city-backed bonds for blight remediation. The plan calls for using $90 million to remediate and secure 8,000 vacant homes for later rehab, and $160 million for 8,000 demolitions. Duggan says the bond would not raise existing tax rates, which are otherwise set to drop below current levels as the city retires some debt.
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