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Detroit-area I-75 to see $799M of construction through 2023, part of $1.6B modernization

Construction Dive

Using a single group to design, build and finance Segment 3 shaved an estimated 10 years off the Michigan DOT's original plan, echoing a trend of state transit agencies opting for public-private partnerships.

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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.

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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.

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Seven Things to Do When an Owner Doesn’t Pay

Constructonomics

Of course we fronted large amounts of money for labor and materials that we were now looking to finance because payment was not being made. Investment in municipalities (such as municipal bonds) are some of the safest investments out there because these organizations will rarely default (I guess Detroit is an outlier).

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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.

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In Remembrance of Bill Pulte, a Housing Giant

Pro Builder

Starting out as a carpenter while still in high school, Pulte built his first home, a five-room bungalow, near the Detroit City Airport, when he was just 18, with the help of five friends. In 1972, the company began offering its own financing to homebuyers at competitive mortgage rates. All are accurate, but one is missing: innovator.

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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.