Beyond the massive state revenue sharing cuts, the Governor’s most damaging proposal for Michigan’s cities is the elimination of Brownfield and other tax credits that incentive’s redevelopment of urban centers. This one-two punch is a deadly prescription that will stunt growth and hobble our cities and state.
Renovating the Broderick calls for about $13 million in brownfield and historic preservation credits. / 1928 file photo / Image curtosey of the Detroit Free Press
The map of Detroit redevelopment would look very different today had Gov. Rick Snyder’s proposal to eliminate brownfield and other tax credits become a reality several years ago.
There is a certain magic about a working city… Brooks hits on something here that any state or national leader would be wise to pay attention to. Our urban centers need to be the hub of the wheel, NOT the hole in the donut, or we all lose.