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)
   

 
 

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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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