TechTown, the technology park led by Wayne State University, has announced the closing of a $6.2 million tax credit transaction to support the complete renovation of the TechOne building, the park's main incubator for high-tech companies. The transaction created a phased funding that provides an immediate $3.5 million, with up to $2.7 million additional as renovation progresses. The 100,000 square foot TechOne building is currently home to four start-up companies.