Detroit, Michigan Development News

Obsolete Property Rehabilitation District Proposed for 8547 West Verner

The 1020 public hearing addressed the establishment of an obsolete property rehabilitation district for 8547 West Verner LLC, located at 8547 Verner. This project, a $1.6 million mixed-use rehabilitation, aims to redevelop a blighted building. It will include 3,100 square feet of residential space with four two-bedroom units affordable at 60 to 70 percent AMI, and 3,600 square feet of commercial space. The project is expected to create 10 temporary construction jobs and one permanent full-time job. The proposed tax abatement under Public Act 146 of 2000 would provide a 100% property tax exemption for up to 12 years. The estimated annual tax benefit over 12 years is $62,868. The project also incorporates elements of universal design and sustainability efforts.