Live reporting by
David Palmer
QLine subsidy costs DDA $900k annually. Catalyst dev. plan extended 1 yr: 14-floor, 290 room hotel by LC Arena.
David Palmer
@DavidPalmer76
Hello #Detroit! At 3pm I will be live tweeting today’s Detroit Downtown Development Authority Board of Directors meeting for #DETdocumenters. Our partners: @DetDocumenters @media_outlier @BridgeDet313 @chalkbeatDET @Detour_Detroit @freep @metrotimes @PlanetDetroit @wdet 🧵
01:25 PM Sep 14, 2022 CDT
This map of the DDA district is taken from the “Restated City of Detroit Downtown Development Authority Tax Increment Financing Plan & Development Plan for Development Area No.1” dated June 20, 2017. https://t.co/NHJ3iIp7qE
There are discrepancies as to the membership of the DDA per the City’s website & that of SoapBoxDetroit.com. Lanard Ingram, DEGC Director of Public Relations, sent the current roster. He notes in an email: “The Board is made up of volunteer members who are not compensated.” https://t.co/dFE1Bnvtyp
Upcoming DDA board meetings , per the Public Meeting Notice for 2022 & 2023: degc.org/wp-content/upl…
September 14, 2022 meeting agenda: …sy5ck73amt9qv-wpengine.netdna-ssl.com/wp-content/upl… https://t.co/UOeyDhc2r3
Meeting attendance can be in-person, or via zoom, however: “DEGC encourages the public, non-DEGC board presenters and general DEGC staff to participate in all public authority meetings via Zoom.”
Join Zoom Meeting
us06web.zoom.us/j/85685199173?…
Meeting ID: 856 8519 9173
Passcode: 485582
877 853 5247 US Toll-free
Meeting ID: 856 8519 9173
us06web.zoom.us/j/85685199173?…
Meeting ID: 856 8519 9173
Passcode: 485582
877 853 5247 US Toll-free
Meeting ID: 856 8519 9173
Those seeking to make public comment are requested to email Malinda Jensen, Senior VP Government Affairs, in advance of the meeting. mljensen@degc.org https://t.co/Sk1IjdECYX
Here is a link where you can download the DDA "Rules of Procedure" (AKA: bylaws) tinyurl.com/43hmyv7r
Here is where you can download the most recent "Tax Increment Financing Plan" for the DDA tinyurl.com/27yu9f2s
The live tweet will begin at about 3pm. See you all back here in about 12 minutes.
The meeting starts at 3pm, with quorum. The minutes were approved without objection. Treasurer report: $155 million cash on hand. https://t.co/59KAkL5wwp
Revenues out performed budget by $11 million according to the Treasurer. Due to property value increases and owners paying their taxes on time. https://t.co/xmbeWY7AQa
Treasurer: The DDA's largest expenditure is the M1 rail @qlinedetroit subsidy at $900k annually. There are also signifiant maintenance costs for Little Caesars Arena and Comerica Park.
@qlinedetroit Treasurer's report was accepted. https://t.co/MXEt252ABm
@qlinedetroit Discussion moves to the Catalyst Development Project https://t.co/ASyeS6gB01
@qlinedetroit Request today for DDA is for Olympia Entertainment properties and required development plans https://t.co/KohGMA0IKw
@qlinedetroit Olympia proposes a 14 floor 290 room hotel next to the Little Caesars Arena https://t.co/P1T7kubWvJ
@qlinedetroit 2024 start, 3 year build, estimated $100 million investment https://t.co/5nc8HJZ6Kt
@qlinedetroit Olympia requests a one year extension on development plans for the other parcels required in the agreement. https://t.co/vmbdpJWxVt
@qlinedetroit I requested a copy of the meeting packet in advance of the meeting and was told that they would be made available on request after the meeting.
@qlinedetroit Olympia Development President Keith Bradford is present to answer questions. Very hard to understand who is speaking via the DDA Zoom thread, maybe they could purchase one of these to show speakers? owllabs.com/products/meeti…
@qlinedetroit Cell phone traffic in the district is 40% under where we were pre-pandemic. Here are the current Zoom attendees. https://t.co/R12otDMh9A
@qlinedetroit Cell phone traffic comment was made by Mr. Hollowell. Speakers are not identifying themselves prior to comments, hard to know who is talking.
@qlinedetroit A board member is encouraging developers to go for all the incentives they can. Sherard-Freeman: "looking forward to continued partnership" as relates their work with small business. Want to strengthen Detroit's small business ecosystem.
@qlinedetroit Staff note: moving to a new data platform for managing DDA board documents and communications ahead of the next meeting.
@qlinedetroit Public comment: 2 minutes for each comment. Current list of Zoom attendees shown here. There are no public comments and the meeting is adjourned at 3:27pm. https://t.co/j6HJIAdLmc
@qlinedetroit This ends today's coverage of the Detroit Downtown Development Authority Board of Directors meeting for #DETdocumenters. Thanks to our partners: @DetDocumenters @media_outlier @BridgeDet313 @chalkbeatDET @Detour_Detroit @freep @metrotimes @PlanetDetroit @wdet 🛑🧵
I took the names from the roster and built out the information on the spreadsheet image.