- Associated Press - Thursday, May 28, 2015

MACKINAC ISLAND, Mich. (AP) - The Kresge Foundation says it will invest in large-scale Detroit projects that help convert blighted land into mixed-use, mixed-income developments for strong neighborhoods.

The foundation’s President and CEO Rip Rapson announced the plans Thursday at the Detroit Regional Chamber’s Mackinac Policy Conference. Rapson says Kresge and the community are “poised to move past a time when blighted buildings were insidiously consuming our landscape.”

The Kresge Foundation already is a big booster of Detroit projects.

On Thursday, Rapson also outlined other areas of future Kresge investment in Detroit, including strengthening community and commercial urban farming; boosting a regional transit system; and improving the early childhood development system.

It also plans to support Detroit’s small business and entrepreneurial community and back efforts to improve residential and commercial lending.

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Online:

https://www.kresge.org


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