After weeks of conversation and compromise, the Detroit City Council narrowly approved, in a 5-4 vote July 26, a $60 million tax abatement for Bedrock Detroit’s development at the former Hudson’s Department Store site downtown. The vote came at the end of a nearly seven-hour-long meeting, and was met with dozens of residents who spoke out and opposed the abatement during public comment.

Others were left wondering why the council approved a 10-year tax break, lasting until 2032, for one of Michigan’s richest business owners, Dan Gilbert, who owns Bedrock Detroit and Rocket Mortgage. Some Detroit residents told the council members they’d like to see the same tax incentives given to Detroit’s residential property owners, BridgeDetroit’s Malachi Barrett, who’s been following the story, said.

RELATED: BridgeDetroit | Detroit Council Approves $60M Hudson’s Tax Break

former Hudson's Department Store

Construction crews work at the former Hudson’s Department Store site in downtown Detroit. The development project from Dan Gilbert’s Bedrock Detroit company received a $60 million tax abatement from the Detroit City Council July 26.

One Detroit’s Bill Kubota sits down with Barrett to discuss the City Council’s decision to finally vote on the proposed tax break after weeks of postponing the vote, and the Council’s approval of the abatement for the former Hudson’s Department Store site. Plus, hear why City Council members voted in favor or against the resolution, and the new community benefits agreement involved with the plan, which Bedrock representatives said will include investments in affordable housing downtown.

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