Two weeks after firing 1,000 employees, General Motors wants Michigan taxpayers to pay $250 million to tear down and renovate ...
The GM Renaissance Center, a staple of Detroit’s skyline, is slated for a $1.6 billion overhaul and hinges on $250 million in public funding.
A plan backed by General Motors and developer Bedrock would see two downtown Detroit Renaissance Center towers taken down.
Dan Gilbert said the Renaissance Center has “huge potential” for redevelopment as his real estate company, General Motors Co.