Tax Credits Approved For New Meijer In Detroit
The state has approved tax credits for the first major retail center to be built in Detroit in the last 50 years. The Gateway Marketplace, located at Woodward and 8 Mile, will be anchored by a Meijer store.
Brownfield tax credits valued at more than $6 million were approved by the Michigan Economic Growth Authority. In addition, a local and school tax capture valued at more than $10 million will support the development of the project.
Meijer plans to add a total of 83 full-time and 208 part-time jobs at its new location.
The Gateway Marketplace is expected to open by mid 2013.
Last month, MEGA approved tax incentives to allow Meijer to build a store on the site of the old Redford High School on Grand River in northwest Detroit. The school has been vacant since 2007.