There’s an interesting new $1.2 million plan to entice people to move into Detroit’s neighborhoods north of downtown.
The “Live Midtown” incentive is being offered to 30,000 employees of the plan’s three participants — Wayne State University, the Detroit Medical Center and the Henry Ford Health System. Renters and home owners are eligible for incentives aimed at getting them to stay or move to the city.
Crain’s Detroit Business reports that the plan applies to residents of Virginia Park, Woodbridge, Midtown and the New Center area. For renters, the program involves incentives of up to $3,500, if they stay in Detroit two years. Home owners can receive loans of up to $25,000 a year.
Sarah Hulett of Michigan Radio reported on businesses in Midtown for Changing Gears last fall, as part of our Reinventing Pittsburgh series.
What do you think of the idea? Are incentives the next step in creating vibrant neighborhoods? Or, if businesses come, will residents naturally follow? Post your thoughts in comments below.