GM, Bedrock Unveil $1.6B Renaissance Center Plan

General Motors and Bedrock have unveiled a $1.6 billion redevelopment plan for Detroit's Renaissance Center, proposing to demolish two towers and convert the remaining ones into mixed-use spaces for hospitality and housing. The project includes creating a six-acre riverfront park and enhancing connectivity with downtown through a pedestrian promenade. Dan Gilbert's Bedrock will contribute $1 billion, while GM will provide $250 million, contingent on public funding. Mayor Mike Duggan supports the initiative, emphasizing its potential to avoid the neglect seen in other Detroit landmarks and align with the city's economic growth. This public-private partnership promises significant benefits for the community and region.