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Bank One Earmarks $120M for Commercial Projects

DETROIT-Bank One says it plans to invest in commercial real estate projects in the city as part of a three-year, $3.1-billion commitment with the Detroit Alliance for Fair Banking.

By Dan Heaton | Updated on June 02, 2004

DETROIT-Bank One says it plans to invest $3.1 billion in Detroit between 2005 and 2007. Included in the total, Bank One says, will be at least $120 million dedicated to commercial real estate projects.

Bank One, working with the Detroit Alliance for Fair Banking, has been making commitments in Detroit with the Detroit Alliance for Fair Banking since 1990.

Bank One says its goals under the plan include $2.7 billion for businesses, $100 million for home mortgages and $215 million for consumers.

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