Wayne State University

Aim Higher

Wayne State University

Public Relations

Media Report

July 9, 2014

Wayne State medical office building among 4 projects receiving up to $19M in tax incentives

http://www.crainsdetroit.com/article/20140709/NEWS/140709847/wayne-state-medical-office-building-among-4-projects-receiving-up-to

Up to $19 million in Detroit Brownfield Redevelopment Authority tax-increment financing incentives has been approved by Detroit City Council for four projects totaling $155 million in investment. Included among the projects approved is the new 195,000-square-foot Wayne State University Physician Group medical office building at 3800 Woodward Ave. in Midtown. The $73 million development will receive up to $8 million in tax incentives. It will also include a 624-space parking deck, and retail space. The Brownfield Redevelopment Financing Act allows tax-increment financing to be used to redevelop contaminated, blighted, obsolete or historic properties.

Publications

  • Crain's Detroit Business
5700 Cass Avenue, 3100 Academic Administration Building * Detroit, Michigan 48202
Phone (313) 577-2150 * Fax (313) 577-4459 * Newsline (313) 577-5345