article thumbnail

P3 Inks Deal for Detroit-Windsor Bridge Project Financing

ENR Construction

Bridging North America, a partnership of Fluor, ACS Infrastructure Canada and Aecon Group, reached financial close late last month to design, build, finance, operate and maintain the 1.5-mile-long mile-long Gordie Howe International Bridge Project for the Windsor-Detroit Bridge Authority under a 36-year, $4.4-billion

Detroit 29
article thumbnail

How Detroit’s New Land Value Tax Plan Could Serve as a Model for the Nation

Pro Builder

Luckily, a new land value tax plan from Detroit’s mayor will redistribute a portion of the collected rent or imputed rent from landowners back to the city to encourage development of more rental units while discouraging building vacancy, Forbes reports.

Detroit 52
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Transportation Grants Help Create 880 Jobs In Metro Detroit

Business Facilities

million to the City of Detroit and the Road Commission for Oakland County. The TEDF helps finance highway, road and street projects that are critical to the movement of people and products, and getting workers to their jobs, materials to growers and manufacturers, and finished goods to consumers. City of Detroit.

Detroit 47
article thumbnail

The Road to Recovery in Detroit

Buisness Facilities Contributed Content

These have been dark days for Detroit. The finances of a city once the center of the automotive universe are in the hands of an unelected manager appointed by Michigan’s governor. billion in its Jefferson North plant on Detroit’s dilapidated East Side.

Detroit 51
article thumbnail

As Mortgage Rates Fall, Homebuyer Demand Rebounds

Pro Builder

in Detroit, 1.7% Financing. Prices fell 8.2% year over year in San Francisco, 2.8% in San Jose, CA, 2.7% in Pittsburgh, 2.3% in Sacramento and 1.3% They declined less than 1% in Chicago, San Diego, Los Angeles and Philadelphia. . Affordability. New-Home Sales.

article thumbnail

Guide to Top 2023-24 Construction Conferences & Events

Autodesk Construction Cloud

Get more details 25th Annual Lean Construction Congress (Detroit, Michigan) October 24–27, 2023 The LCI Congress is held annually with a focus on Lean transformation in the built environment through Lean implementation. The 25th annual event will take place in Detroit, Michigan on October 24th through the 27th, 2023.

article thumbnail

$25 Million Pledged for Economic Development Partnership in Flint, Michigan Amid Water Crisis

Buisness Facilities Contributed Content

FlintNOW was launched in January by Tom Gores, chair and CEO of Platinum Equity and owner of the Detroit Pistons, to support immediate relief for victims of the water crisis as well as longer-term revitalization of the region’s economy.