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Detroit City Council seeking feedback on proposed $250M demolition bond

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DETROIT (WXYZ) — The Detroit City Council wants to hear feedback on a proposed $250 million bond to help finish tearing down 18,000 vacant homes.

The proposed bond would help eliminate vacant homes over the next five years.

Detroit City Council will host a meeting at 5 p.m. Monday at the Coleman A. Young Municipal building.

City Council has been putting off a vote on the proposed bond; According to a report from the Detroit auditor general, the program to demolish vacant homes in Detroit has been mismanaged for years. Both state and federal investigations have been underway, since both have invested millions into helping the project.

Since Mayor Mike Duggan took office in January 2014, the city has spent nearly $500 million on demolishing vacant homes. Duggan says without this money, the program would come to a standstill.

Some concerned citizens are urging council to say no to the bond, arguing that it would not resolve the issue of blight.

After Monday's meeting, the Detroit City Council is expected to put the bond on the ballot Tuesday morning.