The Valenti Show with Rico - What do you expect from District Detroit?
The Valenti Show
Audacy
4.3 • 1.2K Ratings
🗓️ 7 February 2023
⏱️ 12 minutes
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Summary
How much development do you expect to be finished by the time the NFL Draft is in Detroit in 2024?
Transcript
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| 0:00.0 | clock rate to have you we still got a lot of ground to cover so let let's get |
| 0:03.6 | into this and again this comes with an overriding question and i think it's |
| 0:08.5 | simple but free press and everybody else in between you know there was a |
| 0:14.4 | the public hearing on the latest plan for district Detroit and was held |
| 0:18.9 | last night uh... the overall project one point five billion |
| 0:23.6 | six hundred and sixteen million comes from this transformational brownfield |
| 0:28.3 | incentive uh... the requested transformational incentive would be a state |
| 0:34.4 | level tax capture project valued at six hundred and sixteen million over |
| 0:38.2 | thirty five years uh... you know you've seen reports of eight hundred |
| 0:41.3 | million six hundred and sixteen here's the point |
| 0:44.2 | near or at about half of the total cost of this project |
| 0:48.8 | you've got Stephen Ross who missing grad Ross business school you may have |
| 0:54.0 | heard of him Miami Dolphins owner he's the guy who essentially developed all |
| 0:57.9 | of Hudson Yards in Manhattan uh... he is teamed up with the elitias and he's |
| 1:03.5 | a part of this so the combined net worth by the way the two entities is |
| 1:07.7 | somewhere roughly in or around fifteen billion give give give or take a few |
| 1:13.0 | dollars okay and they're essentially asking for |
| 1:17.3 | half of it or near half in public money that's the simplest way to put it |
| 1:23.8 | to which i just i laugh it so here's my point |
| 1:27.9 | you're gonna get the spec materials they'll talk about how many construction |
| 1:31.9 | jobs and how much revenue and how much impact okay guys i got to be honest |
| 1:37.0 | here's my viewpoint i did you know and we don't |
... |
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