The Israeli-backed Detroit-stamped land deal announced Thursday between the Detroit Free Press and the Detroit Land Bank would see the $2 billion project take over the former Detroit Central Station, the Detroit Riverfront Park, the former General Motors building, and land owned by the Detroit Pistons.
The project would be completed by 2029, the Free Press reported, adding that a source familiar with the plans told the paper that the deal would not only be the biggest in Detroit history, but would also be the first in the U.S. to include the Detroit Water and Sewerage Department as part of the project.
The Free Press did not specify the location of the Detroit Central Park, which was first opened in 1931.
The Detroit Water Department would be the lead tenant of the land-filled park, the paper reported, citing unnamed sources.
The Detroit-based Free Press, which first reported the Detroit-area deal, said the Detroit Park and Field would be renamed in honor of the late President and CEO Joseph A. Biden Jr., who died last year at the age of 91.
The land-locked park will also feature the Detroit Lions’ new football stadium, which opened in 2017.
The announcement came during a news conference held by the Free Progress Committee, an organization that advocates for public lands in the United States.
The group said that it has been working to secure a long-term agreement with the Free Detroit River project since it was announced in 2016.
“We are in the process of reaching out to Detroit and other local and national governments,” Free Progress Director Mike Clements told the press conference, according to the Free Public Press.
“We are confident in our plan to save this area from development, and to bring more than 30 years of water to Detroiters.”
The Free Press noted that the Detroit Public Library, the new Lions stadium, and the Michigan Zoo will also be part of Detroit’s revitalization project.
The Free Progress is an organization dedicated to preserving, preserving, and revitalizing the American public lands and natural areas through grassroots conservation and conservation programs and initiatives.
Clements, who has served as an honorary chairman of the Free Pittsburgh Press, said that the Free Peace Committee would work with local, state, and federal governments to ensure that the land is used for the best interest of the people of the United State and the nation.
The agreement also would see Detroit receive an initial $3 billion in federal money to fund the project, and it would eventually pay for the remaining $2.5 billion in funding.
Clements noted that some of the funding for the land project will come from a new tax on home mortgages, but he said that this tax was not a part of this agreement.
He also noted that while there is a lot of excitement about this land, this land was never part of a long list of projects that were funded by the federal government.
The news conference was held in conjunction with a roundtable discussion between Clements and Detroit Mayor Mike Duggan.
The roundtable was organized by the American Water Works Association, the American Wind Energy Association, and Michigan’s Green Jobs Coalition.
Clement said that, as the Detroit area is home to some of its most environmentally friendly communities, the announcement would allow them to invest in the area as a whole, while preserving the natural beauty that has defined Detroit’s landscape.
“I think it’s great that the city of Detroit is looking at this as a positive step,” Clements said, according the Free Progressive Press.
The land deal is expected to create an estimated 1,000 jobs in Detroit, the news report added.