Quote Originally Posted by rb336 View Post
There were, I think, THREE separate RFPs issued prior to the sale to the current owner. I think the lowest purchase price was over $15 million. Many of the proposals were from deep-pocketed developers including Schostak and Etkin. A lot of them were very interesting. All of them except one [[for a racino, of all things) were rejected by the council, usually over very petty things. This was BIG news back then.
If that is true, then why was this written in 2010?
http://www.mlive.com/news/detroit/in...les_strug.html

Here is a 2009 article where a landfill is proposed. What kind of tax revenue do you get off of mountain of trash?
http://www.mlive.com/news/detroit/in...bid_22_mi.html Besides if this was a legit deal, then they would have been able to come up with $250k. You can't sell it to someone who does not want to pay anything for it. Pontiac was under an emergency manager at the time. It was the EM's job to get as much for it as possible. A half mill was all he could get.