Sale Closes for $800 Million in ‘Rebuilding Michigan’ Bonds

The Michigan Department of Transportation (MDOT) announced Thursday afternoon it has closed an $800 million bond issue.

The $800 million is the first installment in Gov. Gretchen Whitmer’s Rebuilding Michigan program.

The governor is seeking to raise $3.5 billion to repair and expand Michigan’s infrastructure after her plan to raise the state’s fuel tax by 45 cents a gallon became a legislative nonstarter and tremendously unpopular with voters.

Read More

Michigan Department of Transportation Awards Nearly $20 Million in Grants for Improved Infrastructure

  The Michigan Department of Education has awarded nearly $20 million grants to the cities of Detroit and Albion, as well as Wayne County, in order to improve infrastructure that will stimulate job growth and encourage existing jobs. MDOT announced on Monday that it gave a Transportation Economic Development Fund…

Read More