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Wayne State medical office building among 4 projects receiving up to $19M in tax incentives
July 9, 2014
Up to $19 million in Detroit Brownfield Redevelopment Authority tax-increment financing incentives has been approved by Detroit City Council for four projects totaling $155 million in investment. Included among the projects approved is the new 195,000-square-foot Wayne State University Physician Group medical office building at 3800 Woodward Ave. in Midtown. The $73 million development will receive up to $8 million in tax incentives. It will also include a 624-space parking deck, and retail space. The Brownfield Redevelopment Financing Act allows tax-increment financing to be used to redevelop contaminated, blighted, obsolete or historic properties.