Papa-The purchase is outlined in Ordinance No.2008-87. The purchase price of the property was $2,200,000 and the partners are as follows:<quoted text>
Who actually owns the bowling alley? Is it the city or is it Grand River Entertainment or somebody else?
$990,000 45.0% City
$605,000 27.5% CIDC
$605,000 27.5% CDC
The purchase agreement contains a leaseback provision to Grand River Entertainment, who remains the operator of the facility.