General Motors and Dan Gilbert's Bedrock now have a $75 million cash commitment to help support their ambitious $1.6 billion redevelopment proposal for the Renaissance Center in downtown Detroit.

The quasi-public Detroit Downtown Development Authority on Wednesday, Nov. 12, approved that commitment toward the redevelopment plan, specifically $20 million to reimburse Bedrock for the future cost of demolishing the Renaissance Center's "podium" and later $55 million to reimburse the real estate firm for the cost of building an elaborate civic space around the redeveloped RenCen complex.

See Full Page