Foreclosed Michigan steel site could see redevelopment - WNEM TV 5

Foreclosed Michigan steel site could see redevelopment

Posted: Updated:

Officials in Wayne County are trying to lure a developer to a foreclosed, 188-acre industrial property along the Detroit River that it doesn't yet own.
   The Detroit News reports county officials have issued a "request for qualification" to test the waters. The county is the third government entity in line to have an opportunity to buy the former C
   The state declined this month to buy the land for $4.65 million, its fair market value plus back taxes. If the city of Trenton also declines to buy the property, then Wayne County would have a chance to do so.
   City Manager Jim Wagner says he's met with an interested developer. Wagner says the city has discussed buying the land, but hasn't made a final decision.

Copyright 2017 WNEM (Meredith Corporation). All rights reserved.

Powered by Frankly
Powered by WorldNow CNN
All content © 2018, WNEM; Saginaw, MI. (A Meredith Corporation Station) . All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.