Detroit Land Bank gets $3.8 million from Michigan legislature
DEATH SQUARE, Mich.
— The Michigan legislature on Tuesday approved a $3 billion loan from the federal government to help finance a $1.7 billion land bank that would provide land to the Detroit suburb of Death Square.
The House approved the $3 million in federal funds Thursday to help pay for the $1 billion landbank to be built on the site of the former Detroit Water and Sewerage Department headquarters at the southeast corner of Detroit and West Detroit.
It will have the capacity to house about 2,500 people.
The city is also seeking $300 million from the state to build a water park and $300,000 from the county for parks and recreational facilities.
The Michigan House approved $3,300,721 for the Land Bank program on Wednesday.
The U.S. Department of Housing and Urban Development gave the Michigan Department of Transportation $3 to help build the bank.
The state also received a loan of $2 million.
The department is expected to receive $1 million more from the U.T.S., which is expected soon.