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Detroit DDA Approves $75 Million for Renaissance Center Riverfront Overhaul

Private commitments from Bedrock plus GM anchor the $1.6 billion plan, with state brownfield financing still pending.

Overview

  • The Downtown Development Authority approved a $75 million commitment to the project, to be reimbursed between 2027 and 2033.
  • Funding will focus on public infrastructure including a pedestrian promenade from Jefferson Avenue to the riverfront, new plazas, improved access, and removal of the complex’s podium base.
  • Bedrock has pledged roughly $1 billion and General Motors $250 million toward the $1.6 billion redevelopment.
  • Plans propose demolishing two river-facing towers and converting remaining space into housing and a renovated hotel, with an observation deck envisioned.
  • GM’s move to Hudson’s Detroit opened the door to rethinking the complex, and detailed design, approvals, and a construction timeline have not yet been set.