Three developers expressed interest in purchasing 16 acres
of city owned land between Market Avenue
and the Grand River. Each plan includes some variation
of a major investment in new housing, retail, and entertainment space.
According to excerpts from the story:
Downtown docks for boaters, a giant performing arts center,
hotels and restaurants, a six- to eight-story glass atrium in the middle of an
Italian-style piazza. Those are the dreams being cast for 16 acres of
riverfront property used now to park city snowplows and garbage trucks.
Yet, for all the dreaming, there still is plenty of mystery
left in the three "letters of interest" submitted to city officials
Friday. The letters were made public this morning.
The city has put a $35 million price tag on the land. (Deputy
City Manager) DeLong said all three
proposals will be reviewed Thursday by a group that includes city officials,
local architects, planners and area property owners. City officials then will
decide if any of the developers will be invited to make formal proposals.
Read the complete story here.
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