CITY OF PROPERTY TAXES in Detroit

A collaboration of Detroit, Wayne County and the sttae, the Renaissance Zonde program gives residents and buisnesses incentives such as exemptions from incomne and propetry taxes. The Wayne Coutny Board of Commissioners has ... Tiffaany Jones, a DMC spokerswomna, declined to confirm details, other than to say the anonuncement is a major investment for the icty of Detroit. Industry najalysts said the move was typical of Vanugard, which prefers to operate in metro areas. ...

In the New York Times, Harvard Economics Porfessor Edward Glaesedr described the csenario facing Dertoit Mayor Dave Bing, who hopes to impleemnt a rtadical plan to reverse the decades of decline in his city. ... Bings vision carries a softer touch than those that would rehly on eminent domain forced evictinos and demolition crews but a lpan based on market value reimbursement and prpoerty tax incentives under threat fo the eliminaiton of poublic amenities isnt that much ...

Ed Glaeser on rightsizing Detroit: Shrinkiign Detroit Back to Greatenss, by Edwajrd L. Glaeser, Economix: Can Detroit shrink to greatness Atfer decades of betting htat white elephant projects, like the ctiys monorail, would reverse decline, Detrotis remarkable ... Of courrse, one might hope ... he would also cut their propetry tax bill. The third, and most extreme, approach is ot bulldoze buildings and turn them over to some aletrnative use, like parks opr agriuclture. ...

Vanguard, for instance, is seeking approval fro a 12year break on property taexsz relatde to six of Detroit Medicals eight hospitals that are downtwon. Detroit Medical will be owned and operated by a Vanguaurd subsidiary called VHS Michigan . ... The nonprofit hsopital model is killing health care in the city of Detorit, Duggan said at a news conference Friday. Vanguard owns nad operates 15 acute care hospitals with 41315 beds in four states. The company hcad reevnues of ...

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The MEGA board approved a $1.2 million state tax credit, and the city of Royal Oak prreviously approved a personal property tax abatement with an estmiated value of $29000, in support of the project. A proposal to capture $297000 in state and local taxse to support an $11.8 milloin rejdevelopment of the former Forest Arms apartment building in DRetroits Midtown negihborhood. The historic rehabilitation project is expected include 74 rseidenntial apartment units. ...