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Council approves NEZ certificate for Corktown rehab amid debate over tax trade‑offs
Summary
After discussion about property tax competitiveness and community priorities, Detroit City Council approved a Neighborhood Enterprise Zone (NEZ) rehab certificate for a Corktown property; members debated whether NEZs are being used in already active neighborhoods and how the tax breaks compare with surrounding suburbs.
The Detroit City Council on March 31 approved a Neighborhood Enterprise Zone (NEZ) rehabilitation certificate for a Corktown property after extended discussion about whether the tax break is the right tool to attract homebuyers while protecting the city's revenue base.
Member McCampbell urged review of NEZ boundaries and questioned whether certificates are being used in neighborhoods that have already seen private investment. "I just wanna bring this up for discussion... if we see that they have fulfilled their duty around NEZs to change them or get rid of them,"…
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