Midtown incentives program so popular that almost all the money is gone

[marmar]

from the Detroit Free Press:



Incentives offered to Midtown employees to move into the district have proven to be so popular that all the money set aside for the first year of the five-year program has already been claimed.

Sue Mosey, president of the civic group Midtown Detroit, said this week that roughly $1 million put up by three anchor employers -- Wayne State University, Detroit Medical Center and Henry Ford Health System -- as well as foundations is now committed just eight months into the first year of the program. No new applications are being taken for now.

"There's a lot of momentum here," Mosey said this week. "I think employees responded in far greater numbers than we anticipated. There was a lot of pent-up interest in being part of the revitalization of the city and being close to where you work."

So far, 197 employees have been approved for the Midtown incentives. That number is split about evenly between suburbanites moving into the city and Detroit residents relocating to Midtown, with a smaller number being recruited from out of state. ........(more)

The complete piece is at: http://www.freep.com/article/20110812/BUSINESS04/108120455/Midtown-incentives-program-popular-almost-all-money-gone?odyssey=tab|topnews|text|FRONTPAGE