Discuss Detroit Archives - Beginning January 2006 Developers woo ritzy residents with tax breaks(River East) Previous Next
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Detroitman
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Username: Detroitman

Post Number: 953
Registered: 06-2004
Posted From: 216.78.33.196
Posted on Monday, April 10, 2006 - 10:14 am: Edit PostDelete PostMove Post (Moderator/Admin Only)

Developers woo ritzy residents with tax breaks

As group gets ready to pitch proposal for upscale enclave in Detroit, Asian Village gets under way.

Louis Aguilar / The Detroit News
http://www.detnews.com/apps/pb cs.dll/article?AID=/20060410/B IZ03/604100372
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Danny
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Username: Danny

Post Number: 3948
Registered: 02-2004
Posted From: 141.217.174.229
Posted on Monday, April 10, 2006 - 10:22 am: Edit PostDelete PostMove Post (Moderator/Admin Only)

Will thise new "Psuedo Chinatown" work for Detroit? Surely the old Chinatown at the Cass Corridor is lone gone.
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Mind_field
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Username: Mind_field

Post Number: 545
Registered: 10-2003
Posted From: 209.240.205.61
Posted on Monday, April 10, 2006 - 10:53 am: Edit PostDelete PostMove Post (Moderator/Admin Only)

Wow. Million dollar new construction condos in Detroit, I never thought I'd see the day.
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Andyguard73
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Username: Andyguard73

Post Number: 35
Registered: 03-2006
Posted From: 141.209.34.32
Posted on Monday, April 10, 2006 - 11:01 am: Edit PostDelete PostMove Post (Moderator/Admin Only)

I'm confused. Isn't the area with two squares marked "Retail, entertainment and special use" on the left at the end of Bates street the spot the public dock is supposed to go?
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Upinottawa
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Username: Upinottawa

Post Number: 284
Registered: 09-2005
Posted From: 198.103.184.76
Posted on Monday, April 10, 2006 - 11:19 am: Edit PostDelete PostMove Post (Moderator/Admin Only)

Will the city receive greater tax revenue from the NEZ condos than the parking lots? Even if the city does not receive greater revenues, with more people living downtown there will be more pedestrian activity downtown (and on the waterfront) thus encouraging business and allaying fears of a lack of safety.
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Dabirch
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Username: Dabirch

Post Number: 1450
Registered: 06-2004
Posted From: 208.44.117.10
Posted on Monday, April 10, 2006 - 11:21 am: Edit PostDelete PostMove Post (Moderator/Admin Only)


quote:

Million dollar new construction condos in Detroit, I never thought I'd see the day.




You still haven't seen the day...
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Mind_field
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Username: Mind_field

Post Number: 546
Registered: 10-2003
Posted From: 209.240.205.61
Posted on Monday, April 10, 2006 - 11:28 am: Edit PostDelete PostMove Post (Moderator/Admin Only)

I know, Dabirch. What I meant is, I never even thought that million dollar units would be suggested as a feasible real estate development in Detroit.
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Nellonfury
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Username: Nellonfury

Post Number: 135
Registered: 03-2005
Posted From: 68.43.156.135
Posted on Monday, April 10, 2006 - 3:47 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

Let's bring out the legos and start building!!!!!
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Gistok
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Username: Gistok

Post Number: 1976
Registered: 08-2004
Posted From: 4.229.105.74
Posted on Monday, April 10, 2006 - 4:50 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

Nellonfury, when it comes to Lego... I'm way ahead of you....

http://www.brickshelf.com/cgi- bin/gallery.cgi?i=1332752
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Redetroit
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Username: Redetroit

Post Number: 3
Registered: 04-2005
Posted From: 152.163.100.8
Posted on Monday, April 10, 2006 - 8:17 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

Have they given a real time table to when they will start construction?
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Andyguard73
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Username: Andyguard73

Post Number: 37
Registered: 03-2006
Posted From: 64.25.200.14
Posted on Monday, April 10, 2006 - 8:32 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

I'm impressed Gistok. I have my own Detroit being built back home, but I haven't got the pieces to keep up with you!
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Detroiternthemist
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Username: Detroiternthemist

Post Number: 34
Registered: 01-2006
Posted From: 71.148.28.43
Posted on Monday, April 10, 2006 - 8:41 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

Nice.....would mixing blue and green cost more? Gistok
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Broken_main
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Username: Broken_main

Post Number: 1030
Registered: 06-2005
Posted From: 69.222.11.226
Posted on Monday, April 10, 2006 - 8:45 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

I wish I could have seen the pics Gistok. They are blocked out here at work...I will try at home later.

As far as the development..I sure hope they can pull it off with the times being so hard.

Also on the illustration...whats up with the Rencen on the right of the picture???
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Motorcitymayor2026
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Username: Motorcitymayor2026

Post Number: 682
Registered: 10-2005
Posted From: 24.231.189.137
Posted on Monday, April 10, 2006 - 9:00 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

broken....

that will be the 15 story residential building
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Broken_main
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Username: Broken_main

Post Number: 1034
Registered: 06-2005
Posted From: 69.222.11.226
Posted on Monday, April 10, 2006 - 9:01 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

Oh...but will it be called Ren Cen???
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Motorcitymayor2026
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Username: Motorcitymayor2026

Post Number: 683
Registered: 10-2005
Posted From: 24.231.189.137
Posted on Monday, April 10, 2006 - 9:04 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

good question.... i figured it would be called the River East Condominiums or something like that
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Eric
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Username: Eric

Post Number: 417
Registered: 11-2004
Posted From: 35.11.210.161
Posted on Monday, April 10, 2006 - 9:14 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

Where did hear that it's going to be a 15 story residental building there's no mention of anything like in the article?
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Motorcitymayor2026
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Username: Motorcitymayor2026

Post Number: 686
Registered: 10-2005
Posted From: 24.231.189.137
Posted on Monday, April 10, 2006 - 9:15 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

That was the announcement a couple of months ago... i will dig up a link
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Broken_main
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Username: Broken_main

Post Number: 1036
Registered: 06-2005
Posted From: 69.222.11.226
Posted on Monday, April 10, 2006 - 9:16 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

I think thats the residential developement that is being proposed by the Michigan guy turned Floridian that is refurbing the Lafayette building
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Skipp
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Username: Skipp

Post Number: 76
Registered: 06-2005
Posted From: 24.192.6.193
Posted on Monday, April 10, 2006 - 9:23 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

I wonder if "fung food" will re-open in that area. i always get a good chuckle when i pass it on jefferson.
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Eric
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Username: Eric

Post Number: 418
Registered: 11-2004
Posted From: 35.11.210.161
Posted on Monday, April 10, 2006 - 9:30 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

Oh that, Skulker pretty much dismissed that project months ago. It's one those parcels the city owns like Chene East and West. It hasn't been awarded and the project doesn't even fit in with the city's plan for the area. This was just developer trying to promote his plan for this site

Secondly, that isn't even one the parcels all the remaining ones are bounded by Woodbridge, Riopelle, Atwater and Orleans. Honestly I don't what the Snooze meant when they labeled that "RenCen"

(Message edited by eric on April 10, 2006)

(Message edited by eric on April 10, 2006)
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Motorcitymayor2026
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Username: Motorcitymayor2026

Post Number: 688
Registered: 10-2005
Posted From: 24.231.189.137
Posted on Monday, April 10, 2006 - 9:34 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

well, i think it is part of the 13 acre site Gm awarded the development contract to Mesirow Stein Real Estate Inc, out of Chicago...

Peebles (the Florida guy) still wants to build a luxury hotel on the riverfront...though has no land parcels

where is skulker nowadays?? we could use him here!
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Rbdetsport
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Username: Rbdetsport

Post Number: 79
Registered: 11-2005
Posted From: 68.60.133.115
Posted on Monday, April 10, 2006 - 10:30 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

The thing that says the RenCen that you are all talking about is that parking garage. The really tall one.
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Tomoh
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Username: Tomoh

Post Number: 139
Registered: 11-2004
Posted From: 68.40.176.163
Posted on Tuesday, April 11, 2006 - 12:10 am: Edit PostDelete PostMove Post (Moderator/Admin Only)

Danny, this is not a new Chinatown and the markers in the Cass Corridor don't show where the real historic Chinatown was anyways. Just some half assed effort from the city government at the time. The businesses in Asian Village will at the very least give more downtown lunch eating options and a destination for weekends too. Just not a place for Asian people to live. Both would be good for the city. If we were to build 'asian villages' in Detroit around where communities already exist, we could build a Hmong/Laotian district around 7 Mile and Gratiot and a Vietnamese/Laotian one on Michigan Ave in Southwest Detroit. Maybe a Filipino one around Grosse Pointe. Ethnic cultural institutions and markets could attract people of those ethnic groups from the suburbs who can drive as well as other suburbanites curious about Asian cultures, the main consumers would be those within walking distance.
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Royce
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Username: Royce

Post Number: 1578
Registered: 07-2004
Posted From: 69.208.116.244
Posted on Tuesday, April 11, 2006 - 1:42 am: Edit PostDelete PostMove Post (Moderator/Admin Only)

The problem with the tax breaks in these enterprise or renaissance zones is that it rewards the Johnnie Come Latelies(JCLs) but penalized the residents who have stuck it out the longest and have been the city's bread and butter source of income for keeping city services running.

In the end, more of the bread and butter residents leave the city for cheaper property taxes elsewhere while only a handful of the JCLs replace them. The sad thing about the tax credits is that these JCLs can afford to pay the taxes, but are given a 12 year free ride. That's like being an old magazine subscriber who doesn't get any of the new perks or incentives that new subscribers get.

It's a Catch-22 situation. Entice the wealthy but alienate the middle and lower classes. However, the city definitely needs the disposable income of the rich to help the city's economy. The other concern about these tax breaks for new residents is: when does the city say enough is enough. Does it say to new residents, "You now have to pay what everybody else is paying." And if the city says this, when is it ok to say it: five, ten, or fifteen years from now.

When a city is struggling for its survival, it has very little leverage and very few options concerning what it can negotiate with those who have the resources. Hopefully Detroit can find its way out of despair and have a stronger hand to play in the future.
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220hendrie1910
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Username: 220hendrie1910

Post Number: 10
Registered: 02-2006
Posted From: 20.137.2.50
Posted on Tuesday, April 11, 2006 - 3:12 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

Gistok: Your model is somewhat reminiscent of the Lee(go) Plaza, though with the gold bricks still in place. Nice work.
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Eastsidedog
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Username: Eastsidedog

Post Number: 197
Registered: 03-2006
Posted From: 68.20.140.8
Posted on Tuesday, April 11, 2006 - 6:03 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

Damn straight Royce. Lower the tax rate for all.
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Gistok
Member
Username: Gistok

Post Number: 1979
Registered: 08-2004
Posted From: 4.229.72.186
Posted on Tuesday, April 11, 2006 - 6:34 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

Thanks for the Lego kudos folks, I don't want to threadjack this thread, so I'll add a new post to Detroit connections....

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