#factsmatter, The Citizens Research Council Of Michigan Podcast

Annalise Frank of Axios Detroit chats with Citizens Research Council President Eric Lupher about the recent announcement by District Detroit developers that construction on their 17-story office building would be delayed. The codevelopers, New York-based The Related Cos. and the Ilitch organization's Olympia Development of Michigan, are instead changing the order of their 10 proposed District Detroit projects, moving up one of the planned new hotels as well as one of the residential buildings. Lupher has noted that, given the Ilitches' reputation for overpromising and underdelivering, some public skepticism is expected, but that the “resequencing” of the order makes sense, given the very difficult environment for financing office space. As Frank has reported: the city is banking on the $1.5 billion megadevelopment from the Ilitches' Olympia Development and billionaire Stephen Ross' Related Cos. to help downtown grow and attract new businesses, which includes three new office building projects. Under the new