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Council committee approves TIF and community benefits for Shoreway Tower in Detroit‑Shoreway
Summary
The city committee approved a tax increment financing (TIF) agreement to support developer Shoreway Tower LLC’s planned 61‑unit residential and 4,000 sq ft retail project at 1200 West 70th Street, including a $500,000 developer contribution to extend Battery Park Boulevard East under a community benefits agreement.
Cleveland’s Committee on Finance, Diversity, Equity and Inclusion approved an emergency ordinance authorizing a tax increment financing agreement to help finance Shoreway Tower, a new 61‑unit residential building with roughly 4,000 square feet of retail at 1200 West 70th Street in the Detroit‑Shoreway/Battery Park area.
City economic development staff and the developer described the project as…
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