One of the primary missions of DEGC is the creation of jobs for Detroit residents, so it naturally is an important consideration in the development of a transformational events center district in Downtown Detroit.
In the concession management agreement (CMA) Detroit Economic Growth Corporation negotiated on behalf of the Downtown Development Authority, Olympia Development agreed to hire Detroit residents as 51% of its construction workforce. That translates to more than 4,000 Detroit jobs as the event center is being built. Olympia also agreed to significant efforts to hire locally to operate the center. For instance, it will “maximize opportunities” to hire Detroit residents and Detroit-based businesses as suppliers. Olympia pledged to provide development and training opportunities and use local Detroit-based workforce training programs for referrals or targeted hiring. And finally, Olympia agreed to review its efforts in these areas with the DDA.
By a majority vote of elected officials, the Detroit City Council decided that those and other community benefit commitments that Olympia Development did make were sufficient, and that the City had adequate measures in place to enforce them. In a good collaboration all parties make concessions to get the deal done, and now it is done.
Furthermore, the jobs created by the event center are important, but are only a portion of the benefits of the total transformation that the Council has approved. As the $200 million of private development proceeds around the center, it will bring in more construction, businesses, and residents in a thriving community that will generate many more opportunities for Detroiters as well. That’s a good trade for $2.9 million in land that is the only asset the City of Detroit had to commit to this deal.
Our negotiations delivered the essentials for a project that will transform Downtown, generate jobs and tax revenues that will benefit the entire city, and make Detroit a must-see destination for fans of sports and entertainment. And we did it by meeting every requirement of the law and the highest ethical standards.
George W. Jackson, Jr.
President and CEO