Who's going to buy the Mammoth shopping center on Greenfield? Who's going to redevelop Lee Plaza? I have very little sympathy for these speculators. They were looking to find a sucker and they did.
Who's going to buy the Mammoth shopping center on Greenfield? Who's going to redevelop Lee Plaza? I have very little sympathy for these speculators. They were looking to find a sucker and they did.
The Lee Plaza is already spoken for and I think they are closing soon. So something should be happening at Lee Plaza soon .
^^^ It's not CLOSE enough to the hospital [[Henry Ford), and it's in a somewhat rough area [[Linwood, Ferry Pk, east of Grandriver and Joy Road, 48208-48206).
Not close enough to Midtown to benefit from that growth. Right now it's just too expensive to tear down. That's why Lee Plaza remains standing.
Last edited by Zacha341; November-03-15 at 05:12 PM.
That never stopped anyone before. Even Lee Plaza can be renovated if you use 100k in taxpayer money per unit, and have the public absorb the subsequent developer losses.
Then everyone can brag how Detroit is being further revitalized. Heck, you don't even need tenants. Probably easier for everyone to just renovate the building, have a ribbon-cutting, and then seal the building up again.
Per the article: "I bit off more than I could chew in Detroit," Briggs told the Free Press. "It's been an incredible, horrible ride for me."...
Really? Sounds like someone fell for the back-end, quick-get-rich scam and it fell thru. Fast!
Some of these folk were are the front-end handing out the sub-prime mortgage scams which in part is the reason so many homes and properties are abandoned and blighted.
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