Public funding and private investment have also been made with promises to rehabilitate neighborhoods. In April 2008, the city announced a $300-million stimulus plan to create jobs and revitalize neighborhoods, financed by city bonds and paid for by earmarking about 15% of the wagering tax. The city's working plans for neighborhood revitalizations include 7-Mile/Livernois, Brightmoor, East English Village, Grand River/Greenfield, North End, and Osborn. Private organizations have pledged substantial funding to the efforts. Additionally, the city has cleared a 1,200-acre (490 ha) section of land for large-scale neighborhood construction, which the city is calling the Far Eastside Plan. In 2011, Mayor Bing announced a plan to categorize neighborhoods by their needs and prioritize the most needed services for those neighborhoods.

How much in stimulus money was announced in 2008?