Gov. Snyder and Detroit Mayor Bing will hold a bill signing press conference in Detroit's Central Business District.
The governor is set to sign legislation aimed at strengthening Detroit and the Southeast Michigan region.
Sources say he will put his signature on bills creating a regional transit, a lighting authority in Detroit and he will also sign a bill allowing funds to be captured to help fund a new sports and entertainment complex in the city.
The signed bill will allow Detroit and some other cities to establish public authorities to run their lighting systems while another would allow part of a utility users' tax to fund public lighting repairs.
In a statement Detroit Mayor Bing previously said "I am extremely pleased that we are one step closer to implementing my Administration’s comprehensive public lighting strategy for the City of Detroit. Today’s State Senate passage of a revised lighting bill package is a vote of approval for the creation of a Detroit Public Lighting Authority. Pending final approval in the State House and the Governor’s signature, we will be able to move forward with solving a generations-old lighting problem that hinders public safety and quality of life for the citizens of Detroit. Additionally, one of the bills in the package would eliminate the rollback of Detroit income taxes — a move that will protect the City from a further decline in revenue."
Ilitch's entertainment complex:
The Ilitch organization supports House Bill 5463, allowing the Downtown Development Authority (DDA) to continue capturing existing funds that would support a catalytic development in Detroit.
Snyder will sign the bill allowing funds to be used with Mike Ilitch's proposed $650-million to build a sports and entertainment complex in the city.
Ilitch's proposal includes retail, shopping, housing and a new events center which would serve as a new arena for the Red Wings. The bill gives the organization a leg up on the proposal.
In a release the governor's office called the bills, a significant investment in city and region.
Regional transit authority:
The bill creating the regional transit authority was 40 years in the making.
The legislation only received one Democratic vote in the House.
Snyder and Bing will be joined by lawmakers and other government, community and business leaders for the news conference held on Woodward near Campus Martius.
There were 282 bills passed, during the last few weeks of lame duck legislative sessions.
The revenue enhancements were detailed at City Hall during a press conference with Bing and his Chief Financial Officer, Jack Martin.
Uncut video: Detroit mayor goes over revenue plans.