DEAR CITY OF DETROIT RESIDENTS,
Thank you to all of you who have taken the time over the last two years to meet with us and share your thoughtful insights as we presented our vision and proposed plan to create a new hub of innovation, education, and community for our city. Your input has been invaluable as we are not only building The District Detroit for Detroiters, we are also building it with Detroiters.
In November we began our community benefits process, and a Neighborhood Advisory Council (NAC) was established. We are so grateful for the 9 elected NAC members who dedicated their time to represent the community’s interest and created the largest community benefits package to date, valued at $167 million dollars. The benefits package includes impact initiatives in the following categories:
Our proposed development plan is a joint venture between Olympia Development of Michigan (ODM) and Related Companies with the intent to invest $1.5 billion dollars into Detroit by developing 10 buildings which will result in:
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18,000 jobs (12,000 construction & 6,000 permanent)
695 mixed-income residential units (139 deeply affordable units are reserved at 50% area median income (AMI) and will be Section 8 eligible for low-income families)
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467 hotel rooms
1.2M+ sq ft of office and 146k sq ft of retail space
$0 dollars from the City General Fund will be used to support these projects. All incentives are coming from the State of Michigan and the Downtown Development Authority (DDA). Additionally, Detroit has the potential to receive a City Net Benefit of $751 million dollars over the next 35 years which could go towards schools, roads, the library, transportation, and other areas in need of improvement.
If you are in support of our investment in Detroit and its residents, please digitally sign this petition as an expression of your support. If you prefer to send a personal letter via email, please send them to [email protected]
We value your partnership and support,
Olympia Development of Michigan & Related Companies
