Detroit City Council approves $250M in taxpayer money for Dan Gilbert

https://www.metrotimes.com/table-and-bar/archives/2017/11/21/detroit-city-council-approves-250m-in-taxpayer-money-for-dan-gilbert

Detroit City Council approves $250M in taxpayer money for Dan Gilbert

Posted By on Tue, Nov 21, 2017 at 1:21 pm

Michigan’s richest resident will take home $250 million in state taxpayer funds to help finance four new developments in downtown Detroit.

On Tuesday afternoon, the Detroit City Council approved the money for Bedrock, Dan Gilbert’s development company, over the objections of residents who questioned the need to provide a billionaire with taxpayer money. Gilbert’s net worth is estimated at $5.6 billion.

The proposal was held up in committee last week after residents expressed similar concerns to council’s planning and economic development committee. While some stakeholders once again voiced opposition to the proposal during public comment at Tuesday’s full council meeting, only council member Raquel Castaneda-Lopez questioned it at the council table. She said she believes a stronger community benefits ordinance needs to be in place.

“I believe the community benefits ordinance should also be transformational. [The current ordinance] doesn’t lead to systemic change for the community,” she said.

As she spoke, council member Scott Benson shut her down on a point of order.