Detroit Mayor Mike Duggan delivers his speech on the state of the city in 2022 at the ZERO Factory.
Photo courtesy of Detroit
Detroit has a lot to do with this.
From returning the budget to the level of a pandemic to black businesses taking the lead and reincarnating Detroit with big investments – the economic upswing during the COVID-19 endemic is something that residents, local leaders and the community are ready to see.
On Wednesday, March 9, during a virtual address by Mayor Mike Duggan on the state of the city in 2022, he gave a lengthy presentation, highlighted by an optimistic tone that signaled where the city is heading.
Duggan delivered a speech at Factory ZERO, General Motors ’first fully specialized electric vehicle assembly bordering Detroit and Hamtrack. In response to the ongoing pandemic, Dugan made this year’s appeal with virtually no audience or media.
The currently proposed budget for fiscal year 2023 and the four-year plan for FY 23-26 have been submitted to the city council, and city officials say revenue recovery has put Detroit back on track, allowing Detroit to restore the pandemic status quo budget and make important investments in key areas.
In April 2020, the mayor outlined a nearly $ 350 million budget cut due to the pandemic to maintain a balanced budget without laying off city staff. In just two years, the city’s revenue has grown beyond its original forecasts.
“I am very proud of the work of our Chief Financial Officer and our department heads to have the discipline to continue to provide vital services within our affordable budget over the last difficult two years,” said Mayor Mike Duggan. “Their efforts have relieved the city of public financial oversight, making sure residents can still count on city authorities during this pandemic. Now we are able to invest in our employees, retirees and the neighborhood again. ”
The proposed budget is more than $ 2 billion, including more than $ 1 billion for the General Fund, and provides new targeted investments to provide opportunities, security and beauty for Detroiter, ensure fiscal stability and fulfill the promise to retirees.
From Monday, March 14, the city council will hold hearings on the budget of departments that are open to the public.
Duggan also turned to major new developments emerging in the city from black seers who want to see a modernized primarily black city.
Mayor Mike Duggan announced on Monday that the Fisher Body 21 factory will be converted and converted into 433 apartments and a public market in a $ 134 million project led by developers Greg Jackson and Richard Hosey, who also plan to supply affordable housing in the Big City. . A new center area through this project.
Jackson and Hosey are joining forces with Lewand Development to rehabilitate a historic 600,000-square-foot building in the Fisher 21 loft. The $ 134 million project is considered the largest African-American-led development deal in Detroit history.
Construction is expected to begin later this year with the approval of the Detroit City Council. Jim Jenkins and Chris Jackson are about to complete a new apartment at 204 apartments on Woodward. Real Times Media CEO and Michigan Chronicle publisher Hiram Jackson will also begin construction next fall on a 90-apartment multi-purpose building in Paradise Valley.
“It’s a story I don’t think was told,” Dugan said during the event. “These owners are investing more than $ 500 million in the future of Detroit from one end of the city to the other – black developers with black owners are rebuilding the city. … I am extremely proud of what is happening. … It’s time to be proud of what we did. ”
View address is available at:
Detroit City website at detroitmi.gov
Detroit’s Facebook page at https://www.facebook.com/CityofDetroit/
Detroit City YouTube channel at https://www.youtube.com/CityofDetroit