Detroit Planning
Director Maurice Cox addresses
audience after Mayor Duggan and
corporate executives announce
historic, multi-million dollar
commitment to Detroit
neighborhoods, in Detroit,
Mich., Monday, Dec, 10, 2018
(Photo: HB Meeks/Tell Us USA
News Network)
Duggan
says
Detroit
is
“taking
the
strategy
that
worked
in
Midtown
and
scaling
it
citywide
to bring
more
development
to
neighborhoods
across
our
city.”
(Photo
by HB
Meeks/Tell
Us USA
News)
$35M
seed
money
raised
by
corporate
citizens
to help
improve
Detroit
neighborhoods
By
Claudia
Lugo
Tell Us
USA News
DETROIT
- Seven
corporate
citizens
are
making a
combined
$35
million
commitment
to help
improve
Detroit
neighborhoods.
Mayor
Mike
Duggan
joined
these
companies
on Monday
December
10, 2018
in
announcing
the
investments
that
seek to
spur
development
and make
physical
improvements
to the
city.
American
Axle,
Blue
Cross
Blue
Shield
of
Michigan,
Chemical
Bank,
Fifth
Third
Bank,
Flagstar
Bank,
Huntington
Bank and
Penske
Corp.
are each
contributing
$5
million.
Penske
Corp.
president
Bud
Denker,
during
an
interview
with
Tell Us
Detroit
said,
"Working
to
improve
neighborhoods
represents
a pivot
point
for how
the city
is
thinking
about
revitalization.
(Photo
by Robin
Buckson/The
Detroit
News)
Duggan
says
Detroit
is
“taking
the
strategy
that
worked
in
Midtown
and
scaling
it
citywide
to bring
more
development
to
neighborhoods
across
our
city.”
The
funding
for
Strategic
Neighborhood
Fund
efforts
is
expected
to
leverage
another
$70
million
in
private
investment
to help
improve
parks;
fill
vacant
storefronts
and
lots;
make
streetscape
improvements;
stabilize
single-family
homes
and
renovate
existing
vacant
houses;
and
develop
affordable
housing.
Alessandro
DiNello,
president
and CEO
of
Flagstar
Bank
said,
“We got
to get
back
that
feeling
that
people
want to
live in
our
neighborhoods.
Without
an
inclusive,
collaborative
effort
like
this
one, it
probably
isn’t
going to
happen.
We are
thrilled
to be
part of
this."
The
seven
neighborhoods
are:
Grand
River
Northwest
Jefferson
Chalmers
Russell
Woods/Nardin
Park
Campau/Banglatown
Warrendale/Cody-Rouge
Gratiot/7-Mile
East
Warren/Cadieux
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