Gilbert struggles to win support for tax break
Billionaire Dan Gilbert doesn't have enough City Council support to pass a $60 million tax break for his Hudson's site development downtown.
- A vote was expected yesterday, but Bedrock, Gilbert's development company, asked for the tax break to be taken off the council's agenda.
- There is no timeline for a future vote, and Bedrock will continue lobbying for votes in the meantime.
Why it matters: Gilbert is one of the city's most prolific benefactors. His representatives have suggested future investments could be jeopardized if the 10-year commercial property tax abatement doesn't pass.
- Council members are now left with a polarizing choice: Risk upsetting Gilbert, or side with residents who believe their tax money is better spent elsewhere, like on affordable housing programs.
What they're saying: Council Member Coleman Young II, who told reporters he supports the tax break, says the conversation was tabled because "we just don't have the votes."
- Young said he's concerned about potential layoffs on the Woodward Avenue job site if the council ultimately rejects the tax break.
- The potential layoffs aren't definite, but "there've been strong suggestions that this is a possibility."
Yes, and: The council is somewhat obligated to approve the tax break because it unanimously approved the abatement's framework in 2017, Gilbert's representatives have said.
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