Developer seeks 60-year lease for $35M Belle Isle Boathouse revival project

[Airforceguy]

Developer seeks 60-year lease for $35M Belle Isle Boathouse revival project

But first, the Michigan Department of Natural Resources, city of Detroit and the developer of the $35 million plan, Stuart Pitman Inc., will need to forge a long-term lease agreement that will give the developer and its affiliates management of the site for decades into the future. The DNR, which operates the city-owned island park in the Detroit River under a 30-year management agreement that began in 2014, selected Stuart Pitman’s $35 million, public-private proposal for the boathouse site last fall.

Plans for the Belle Isle Gateway at the Detroit Boathouse include opening it to the public with a new welcome center, new marina with water taxis, canoe and kayak rentals, restaurants, restored event space and expanded areas for nonprofit rowing and sailing programs.

https://www.crainsdetroit.com/nonpro...erm-lease-deal

[Satiricalivory]

This is such an amazing property. To be able to have a nice bite to eat here after a long day on the island with the views of the water and the bridge would be amazing.

Also a big win to be open to the public and not a private club anymore.