New International Trade Crossing
Under Michigan state law, Kevyn Orr has the power to veto Detroit City Council’s vote and go ahead with the $1.4 million sale.
The City Council has until next Friday to vote on a proposal to sell 301 Detroit-owned properties to the state of Michigan for $1.4 million.
Detroit would transfer of 301 city-owned properties to the Michigan Land Bank in exchange for $1.4 million from the Canadian government.
Plans to build a new bridge connecting Detroit and Windsor, Ontario are one step closer to being a done deal.
The family of the Ambassador Bridge’s owner has spent more than $1 million since 2009 in a legislative fight against a new government-backed bridge to Canada.
The Michigan Economic Development Corp. announced Michigan Strategic Fund approval of the New International Trade Crossing Agreement, creation of the new Pure Michigan Venture Development Fund, the official Pure Michigan Travel Guide recommendation and two Michigan Business Development Program incentives.