The Detroit City Council on Tuesday approved the 10-year abatement for the Hudson's site development at Woodward and East Grand River avenues on a 5-4 vote.
The Detroit City Council will again not vote on the $60.3 million tax break requested for Dan Gilbert's development on the former J.L. Hudson's department store site.
From Crain's Detroit Business: There has been pushback against the tax break, the framework for which was set in 2017. Some residents and council members have questioned why Gilbert, worth some $17 billion or more, should receive the incentive.
The Detroit City Council has again delayed a vote on whether the city should give another $60.3 million in tax breaks for Dan Gilbert's project on the site of the former J.L. Hudson's department store.
Dan Gilbert's Detroit-based real estate company now says the development, which has been hampered by redesigns and construction setbacks, is expected to cost $991 million, about a 9 percent increase from the most recent publicly revealed price tag of $909 million.