Overview
- The Downtown Development Authority approved a $75 million commitment for public infrastructure tied to the Renaissance Center remake.
- Funds will support a pedestrian promenade from Jefferson Avenue to the riverfront, new public plazas, access upgrades, and removal of the complex’s podium base.
- Bedrock has pledged $1 billion and General Motors $250 million, bringing the assembled financing to roughly $1.6 billion with the DDA contribution.
- Design proposals include demolishing two river-facing towers and converting remaining buildings, including a hotel with about 200 apartments and a mix of market-rate and affordable units.
- Bedrock is pursuing additional support through Michigan’s brownfield program, and the effort follows GM’s decision to relocate headquarters to Hudson’s Detroit.