Wayne County's TURBO (Transforming Underdeveloped Residential &
Business Opportunities) program is jump-starting developments all over
TURBO is a program of the Wayne County Land Bank that gives cash reimbursements to property owners making significant real estate investments in the county.
may get a 100 percent tax rebate for the first year of construction and
an amount equal to 50 percent of their taxes in cash rebates over the
next five years for new construction or total rehabilitation projects.
Partial rehabilitation and projects involving brownfield development
can also get cash rebates under the program.
have been used to jump-start several developments, creating about 700
permanent and construction jobs, Ficano said. These include retail
projects in Highland Park and Detroit, an envelope factory in Van Buren
Township, a bank in Grosse Pointe Woods and a food-service plant in
TURBO officials are negotiating incentives for
projects planned in Livonia, Melvindale, Garden City, Redford Township,
Taylor, Canton Township, Detroit, Grosse Pointe and Plymouth.
Investment is expected to top $100 million by the end of the year.
Ficano said the program helps attract new business as well as improving
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