ANN ARBOR, MI — Ann Arbor leaders have a big decision to make when they meet this week: whether to put hundreds of millions of dollars in tax revenue into a development described as “a second downtown on the city’s south side.”

After months of negotiations between the city and the development team, a public-private development agreement for the proposed Arbor South project at State Street and Eisenhower Parkway is on City Council’s agenda Thursday, Nov. 6.

Also up for approval is a brownfield plan outlining how $300 million or more in new property tax revenue expected to be generated by the development would be captured and used for reimbursement of project costs such as new public parking decks and other infrastructure.

The total private investment in the project is estimated at $

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