Public funding and private investment have also been made with promises to rehabilitate neighborhoods. In April 2008, the city announced a $300-million stimulus plan to create jobs and revitalize neighborhoods, financed by city bonds and paid for by earmarking about 15% of the wagering tax. The city's working plans for neighborhood revitalizations include 7-Mile/Livernois, Brightmoor, East English Village, Grand River/Greenfield, North End, and Osborn. Private organizations have pledged substantial funding to the efforts. Additionally, the city has cleared a 1,200-acre (490 ha) section of land for large-scale neighborhood construction, which the city is calling the Far Eastside Plan. In 2011, Mayor Bing announced a plan to categorize neighborhoods by their needs and prioritize the most needed services for those neighborhoods.
How was the 2008 stimulus plan payed for?
earmarking about 15% of the wagering tax
In April 2008, the city announced a $300-million stimulus plan to create jobs and revitalize neighborhoods, financed by city bonds and paid for by earmarking about 15% of the wagering tax.
In April two thousand eight, the city announced a three hundred dollars-million stimulus plan to create jobs and revitalize neighborhoods, financed by city bonds and paid for by earmarking about fifteen percent of the wagering tax.
How was the two thousand eight stimulus plan payed for?