Library Lot Ann Arbor vs Lot 1 East Lansing // Eliot Singer
Here’s latest on the controversial sale of the Ann Arbor Library Lot to Core Spaces for $10 million.
The Library Lot is 0.8 acres.
East Lansing Lot 1 was 1.35 acres.
If East Lansing had followed the city charter and asked voters to allow sale of Lot 1 and sold for a comparable per-acre value, the city would have received $16,875,000.
On paper, based on value of the recent sales of the private properties for the Harbor Bay project, Lot 1 would … Read more →