2007 Senate Bill 588 ↩

House Roll Call 237: Passed

To revise the eligibility standards in the 2005 <a href="http://www.michiganvotes.org/2005-SB-34">Corridor Improvement Authority”</a> law that authorized the creation of local authorities that could levy special assessments (property taxes), borrow, or use tax increment financing to pay for economic development and improvement projects in a commercial district along a road classified as an arterial or collector road. The bill would allow Detroit to create one of these authorities to subsidize a new shopping center along Eight Mile Road, adjacent to the State Fair Grounds. The bill would also authorize the “capture” of school tax revenue increases, in addition to other taxes.