GM and Bedrock Seek Millions for RenCen Project
General Motors and Bedrock are seeking nearly 548 million dollars in public incentives to support the massive Renaissance Center redevelopment project in Detroit. The 2.24 billion dollar plan aims to transform the complex into an open waterfront destination featuring new parks, housing, and commercial spaces.
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General Motors Co and Bedrock LLC are seeking $547.93 million in public incentives for a $2.24 billion transformation of Detroit's Renaissance Center. The project will overhaul the riverfront complex into an open destination featuring new parks, housing, and updated hotel space. Developers say the incentives are essential to bridge the gap between soaring construction costs and rental revenue.
