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2015 Senate Bill 182: Expand “Corridor Improvement Authority” spending to state fairgrounds
Introduced by Sen. Virgil Smith D-Detroit on March 10, 2015
To include providing direct and indirect subsidies to potential developers of the former state fair property in Detroit to the things for which a “Corridor Improvement Authority” can incur debt, with the borrowed money repaid by the special assessments or increased property tax revenue the authority “captures” (called “tax increment financing”).   Official Text and Analysis.
Referred to the Senate Economic Development Committee on March 10, 2015