DETROIT-A $102-million settlement to cancel $2 billion development will help city balance budget, says Mayor Kwame Kilpatrick, but other cuts are projected. A sale of a 900-acre former House of Corrections site could have been a $50-million boost.

TROY, MI-A local firm's development projects for the retail chain that has sought bankruptcy court protection is awaiting results of a judge's ruling. Graimark-Walker was working on projects in Detroit and Washington, D.C.

DETROIT-The state pays for underground tank removal and plans to clean dozens more

BINGHAM FARMS, MI-Leasing activity in Metropolitan Detroit's office and industrial markets increases slightly in first quarter as property owners offer incentives, says the local branch of Colliers International.

DETROIT-The US Department of Commerce gives $1 million in tax-reduced development zones to help build employment in the distressed communities of Rogers City and Presque Isle County.

WARREN, MI-Two steel processing firms, Noble International Ltd. and SET Enterprises, Inc., join forces to extend manufacturing capabilities for the automotive industry in one new building, the Noble International Technical Center.

DETROIT-Wayne State University's pharmacy school finds new digs and puts Shapero Hall on the market for $6.4 million. The university is awaiting an environmental study, a prerequisite for the sale.

TROY, MI-The Championship Auto Racing Team Professional racing group leaves the Top of Troy building for Indianapolis. Meanwhile, the city works to keep financially-troubled Frank's Nursery at its headquarters on Long Lake Road.