Bedrock and GM seek $548M for RenCen plan
Bedrock and General Motors are seeking $548 million in public subsidies for a $2.2 billion plan to redevelop Detroit's Renaissance Center. The project will convert towers into housing and create a riverfront park.
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Bedrock and GENERAL MOTORS CO are seeking $548 million in public subsidies for a $2.2 billion redevelopment of the Renaissance Center. The project yields a 1% projected return for its backers. The massive overhaul relies largely on philanthropy and targets a complete reimagining of the Detroit riverfront.
