Date TimeSeptember 16, 2019
VoiceDetroit Mayor Mike Duggan unveiled a plan on Monday to sell up to $250 million of bonds to tackle the city's remaining blighted and abandoned houses over the next five years.
Detroit mayor wants to wipe out residential blight with bonds
If approved by the Detroit City Council, a bond measure would be placed on the March ballot, marking the first vote by residents on bonds since the city exited municipal bankruptcy in 2014.
Proceeds from the 30-year bonds, along with annual appropriations from the city's budget, would be used to accelerate the demolition of 19,000 structures and the rehabbing of 8,000 others, according to a statement from Duggan's office.

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