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2020 Proposed Blight Bonds
Detroit Mayor Mike Duggan has presented Detroit City Council a request to authorize a March 2020 ballot initiative asking voters to give the city authority to sell up to $250 million in bonds to remove all residential blight from every Detroit neighborhood by mid-2025.
The bonds would be repaid back over the next 30 years using existing tax revenue budgeted for debt retirement. The bond sale would not result in increased taxes. Without the bond funds, the city expects it would take 13 years to complete the same number of demolitions using available city general fund surplus appropriations called for in the city’s Plan of Adjustment.
Since 2014, the city has demolished 19,000 vacant homes while another 9,000 have been or are being rehabbed through Detroit Land Bank programs. The bonds would result in 19,000 more structures will be demolished, and the Land Bank will sell or take legal action on 8,000 more to be rehabbed and reoccupied.
If approved by City Council, voters would be asked to approve the bond sale at the ballot box during the March 2020 Presidential primary election.
Future Meeting / Be Informed
Charter-Mandated Community Meetings: All Meetings are 7 pm - 8:30 pm
|11/14/2019||3||Pleasant Grove Baptist Church, 13651 Dequindre Detroit 48212|
|11/21/2019||1||Christian Fellowship Church, 22400 Grand River, Detroit 48219|
|11/26/2019||6||St. Stephen AME Church, 6000 John E. Hunter St., Detroit 48210|
|11/19/2019||7||Third New Hope Baptist Church, 12850 Plymouth, Detroit 48227|
|12/05/2019||2||Greater Emanuel Institutional Church, 19190 Schafer Hwy, Detroit 48235|
|12/09/2019||5||St Matthews & St. Joseph's Episcopal Church, 8850 Woodward Ave. Detroit 48202|
|12/17/2019||4||Jamison Temple, 12530 Mack Avenue, Detroit 48215|