While we’re mindful that the general public is not always sympathetic to issues involving landlords and the city, we think it’s important to provide some perspective on Ordinance 1444; which will appear on the council’s business agenda at it’s meeting tomorrow (Tuesday, 12/4) night. This ordinance is an example of council involving themselves in the contractual dealings of a private business. Whether you’re business owner or not, you should be concerned that our council feels they have the right to … Read more →
Public-private development in East Lansing is simple. Promise something to get lucrative tax breaks and bond financing. Then build what is most profitable, high priced student apartments and late night bars, which could have been built without tax giveaways or subsidized parking structures. Developers are never held accountable for bait and switch. No one is ever fired for aiding and abetting.
Next shoe to fall is the senior housing with the deck for the old folks with the Trump dye-jobs.
The Center City District project was sold during East Lansing’s planning approval process as a project that would bring “market-rate rental housing” downtown. The claim by the project’s proponents was that the 12-story apartment building along Grand River Avenue would attract – in addition to MSU students – working adults whose downtown residency would in turn diversify retail and dining opportunities downtown.
There will be a couple of large road construction projects coming up in East Lansing this summer, that you’ll probably want to be aware of. Beginning in early June, and going through the middle of August, work will occur on North Hagadorn (north of Haslett Rd to Lake Lansing Rd), and then on Alton Road(between Burcham and Saginaw). The construction on Alton will begin once the work on Hagadorn is completed. A detailed letter from senior engineer Steven Roach is attached.
In other tax dollar … Read more →
As East Lansing Info reported on Friday , a motion to vote on the development “Albert Town Homes 2” (by council member Aaron Stephens ), was not ‘seconded’ by another Council member at the meeting this week, and thus, went nowhere.
The development proposal – put forward by by Hagan Group LLC – is for three townhouse-like student rentals, which would replace two older rental homes on the property along Albert Ave, across from the Bailey parking lot. The Hagan Group built an almost identical set of … Read more →
When the $25,265,000 for the Lotto 1 bond was announced, with only $24,389,518 going to pay for the $33,000 per space parking structure and other infrastructure, it didn’t make a lot of sense. Typically, the city pays the bond broker 1%, and this is to do the paperwork/bookkeeping and to sell the bonds on the open market. In this case, it was a private placement deal, so the origination (broker) fee should have been less, since there was no need … Read more →