TURBO aids development in Wayne County

Wayne County's TURBO (Transforming Underdeveloped Residential & Business Opportunities) program is jump-starting developments all over Wayne County.

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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.

Developers 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.

TURBO incentives 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 Canton Township.

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 existing businesses.

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