DETROIT (AP) - Voters in Detroit have passed an ordinance aimed at making sure developers provide jobs or other benefits to residents when seeking tax and other breaks on city projects.
Proposal B was approved in Tuesday’s general election.
It guarantees benefits from developers when projects reach or top $75 million and tax breaks of at least $1 million are sought.
A competing ordinance — Proposal A — would have lowered the threshold for the benefits to projects of $15 million or more where tax breaks or a land transfer of at least $300,000 were sought.
Opponents said Proposal A would affect more projects and drive away jobs.
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