As a follow-up to my previous post on the Live Midtown program, I wanted to mention an article in the Free Press last weekend which discusses the program. One Wayne State employee and student who was among the first people to apply for the incentives will be getting a total of $3,500 over two years towards the rent on his $400/month studio apartment. This is a pretty amazing deal for someone working for any of the three organizations involved in the program who is in a position to move.
The program is expecting about 500 applicants in its first year, and it's already attracting at least some outside investment - the article mentions one Oakland County developer who just finished his first project in Detroit, Centurion Place on Ferry, and plans on continuing to build in the area. And on top of that, six of the eight units at Centurion Place have already sold.
Hopefully other companies do the same.
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