DETROIT-A massive teardown plan is beginning soon, making way for more available land and cleaner neighborhoods, says Mayor Kwame M. Kilpatrick. Methods have been found to speed up the program, especially abandoned buildings near schools.
DETROIT-Former Bank One of Michigan president Walter C. Watkins Jr. will be the "go-to" person for economic development in the city, says Detroit Mayor Kwame M. Kilpatrick.
JACKSON, MI-The new facility will be built, along with parking deck, with state assistance on a former contaminated property. An $11.9-million tax increment financing proposal was recently approved.
ROMULUS, MI-Grand Sakwa lets an option on the land expire, meaning yet another development proposal has fallen through. Previous plans have included a stadium for the Detroit Tigers as well as a casino.
DETROIT-Automotive supply firms A.W. Tech Center, R.L. Polk and Co. and Plastech opt to stay in state rather than move to other locations after receiving packages totaling $17.5 million in Single Business Tax Credits.
BINGHAM FARMS, MI-A light industrial building in Canton, MI sells for $2.1 million, 8.3 acres in Springfield Township, MI trade for $1.3 million and a 25,000-sf building in Bay City, MI sells for $1 million in deals brokered by Colliers International of Michigan.
DAYTON, OH-Behr America, Inc. needs a fifth US plant for expanded capacities while the automaker divests itself of a 1.1-million-sf parts facility in a deal expected to close at month's end. Purchase price is undisclosed.
DETROIT-The F.W. Dodge Division of The McGraw-Hill Cos. says dollar figure for nonresidential construction is about $318.6 million lower than 2001, even though residential home building is booming.
DETROIT-Michigan places fourth in economic development measuring competition, down from No. 1 last year, even though it still claims it has the most new or expanding business facilities. However, Site Selections Magazine's "Governor's Cup" goes to Illinois.
COLUMBUS, OH-The three-story building, a joint venture between Turner Construction Co. and Elford Construction, with an attached $13-million parking garage should be completed by February 2004.