DALLAS -- The Michigan Senate advanced a series of bills designed to offer financial aid to "transformational" development projects.

The five-bill package, approved Tuesday with bipartisan support, would allow developers of major projects to capture sales and income taxes related to the projects to offset the costs of redevelopment.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.