I drove through that area fairly extensively during the July 4th weekend and quite frankly didn't really see much of historical significance other than what I've already mentioned, e.g., Hotel American, Alhambra Apts, etc.
There are a lot of functional, in-use buildings, e.g., 640 Temple, the building between Temple and Ledyard and 3rd, etc. etc. but no one is suggesting that Ilitch is buying them and want to tear them down.
I believe Ilitch Holding is primarily interested in things around Cass which are near their new arena, the Masonic, Cass Park, etc. - all of which Ilitch Holdings have interest.
I don't see how the Michigan Chronicle building is historic, nor the 37 unit apts [[next door?), or the 3 buildings on the south end of Cass/Ledyard.
My guess is that demolitions would be between Cass and say 2nd or even slightly west, but no further. The area nearest the MC Casino will be down the road development.
AGREE, all of this is SPECULATIVE. What we know is that 1). 3 buildings, believe all between Cass/Ledyard/N. Henry have been bought and 2). Ilitch Holdings are committed to the upkeep of Cass Park.
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