This year, the entire city of A2(Ann Arbor) is spending construction money like there's no tomorrow.
City Hall got an addition(in the worst 70's art deco possible), almost every street and bridge has been(simultaneously) torn up for resurfacing, while the UM has built a few of the most beautiful and timeless structures.
The fate of the aforementioned former library parking lot in the center of downtown is still undecided, and all the special interests are fighting over a piece of it: hotel/convention, government, arts, supermarket, etc...
It's a A2 bubble thing.
Mandatory pic