(CBS DETROIT) — The Detroit City Council has postponed the vote on a $60 million tax break for the development of the Hudson site.
The council was due to make a decision last week; however, there has been resistance from some residents who live in surrounding neighborhoods, fearing what the tax break will mean for them.
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Dan Gilbert’s Bedrock company is asking for a break on top of the $200 million it received in government incentives.
Despite the postponement, Mayor Mike Duggan says he supports the tax break, noting how many jobs the project will add.
It is expected to be completed in 2024.
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In May, Bedrock unveiled a first look at the new development on the site of the former Hudson’s Department Store. Images include anticipated office spaces, destination stores, event spaces, and rooftop public facilities.
“The significance of this development goes beyond its unique and distinctive physical presence. Once completed, along with impressive views, the project will deliver premium office, residential, hotel and event spaces with carefully curated dining and entertainment experiences,” said Kofi Bonner, CEO of Bedrock, at the time.
The tower currently stands at about 200 feet tall and will reach 685 feet when complete.
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