Living Cities, a NY-based consortium of 22 nonprofits, announced plans last week to award Midtown with a sizable grant to continue development efforts -- $2.75 million in grant money, $4 million worth of investments and $15 million in commercial debt to help offset the commercial lending freeze.
Though the likely projects haven't yet been identified, the Detroit News say 200 mixed-income living units, a charter school, healthy food initiative and community land trust are all possibilities for the neighborhood.
Excerpt:
"If
Detroit is going to turn (around), it's going to happen in Midtown,"
said David Egner, president and CEO of the Hudson-Webber Foundations and
executive director the New Economy Initiative for Southeast Michigan. That initiative includes a plan to attract 15,000 new, young talented Detroiters to live in the city's core by 2015.
Read more
here.
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