In addition to being one of the three principal $25-million anchors to the $100-milion, multi-foundation Detroit “New Economy Initiative” fund, the Kellogg Foundation has been a strong supporter of the Detroit Riverfront Conservancy, committing $17 million to the effort between 2004 and 2006. The Riverfront effort aims to leverage private capital to build housing and retail, and make improvements in public safety or transportation in low- and moderate-income areas in Detroit north of Jefferson so that residents will share the benefits of the riverfront improvements.
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