County Plans to Sell Unfinished Jail to Billionaire Dan Gilbert

Nov 5, 2013 Full story: Metro Times

Kevin McNamara would like to be the next Wayne County executive. I know, because I heard him say that to Joe Harris, the former Detroit auditor, as we were all waiting to go be on Huel Perkins's "Let it Rip," one night last week.

Full Story
kev

Toledo, OH

#1 Nov 6, 2013
Is this the win-win scenario ficano says many taxpayers may be amazed at?
Pete

Livonia, MI

#2 Nov 6, 2013
The potential certainly exists to make lemonade here.

They are down $155 million now. They get $50 million for the sale. If Gilbert's plan goes well, they collect $20 million annually. Then there are supposed to be 6,000 jobs with all those city taxes and spin off benefits. Never mind, I guess, that the Toronto businessman offered more, but Detroit was precluded by a previous agreement with Gilbert. That's business.

As this develops, Ficano will be making hay over it and proclaiming the benefits during a reelection campaign. Never let it be forgotten that that $155 million was a pure loss not offset by any of this new development. The county never should have proposed the jail site there to begin with and the property then would have been available for development now. The Mound site had long been offered by the state for $1 and should have been taken and used with a bond of no more than $150 million to be extra generous.

This whole fiasco goes back to Ficano and the commission going for the $300 million millage and a failed jail plan. Kevin McNamara is proving to be the fruit that doesn't fall far from the tree.

The Wayne County executive campaign will be interesting. We expect to see Bobby touting his turnaround of the jail plan. Benny will be stressing his performance in the mayoral campaign and trying to look presidential. Kevin McNamara may be in the mix just because-McNamara. I don't see anything he can point to positively. Benny wins by default.
kev

Toledo, OH

#3 Nov 8, 2013
Pete wrote:
The potential certainly exists to make lemonade here.
They are down $155 million now. They get $50 million for the sale. If Gilbert's plan goes well, they collect $20 million annually. Then there are supposed to be 6,000 jobs with all those city taxes and spin off benefits. Never mind, I guess, that the Toronto businessman offered more, but Detroit was precluded by a previous agreement with Gilbert. That's business.
As this develops, Ficano will be making hay over it and proclaiming the benefits during a reelection campaign. Never let it be forgotten that that $155 million was a pure loss not offset by any of this new development. The county never should have proposed the jail site there to begin with and the property then would have been available for development now. The Mound site had long been offered by the state for $1 and should have been taken and used with a bond of no more than $150 million to be extra wwwgenerous.
This whole fiasco goes back to Ficano and the commission going for the $300 million millage and a failed jail plan. Kevin McNamara is proving to be the fruit that doesn't fall far from the tree.
The Wayne County executive campaign will be interesting. We expect to see Bobby touting his turnaround of the jail plan. Benny will be stressing his performance in the mayoral campaign and trying to look presidential. Kevin McNamara may be in the mix just because-McNamara. I don't see anything he can point to positively. Benny wins by default.
If simple math is done, this is hardly win win.county paid good money for property yeras ago i believe. Also these revenues haven't been proven. Also all $150 million + down drain could have been avoided by thinking of this initially. This still amounts to tremendous blunder in most common thinking of wise spending.
X Planer

Tampa, FL

#5 Nov 15, 2013
Bob loses a little bit on each deal, but he makes it up on volume!

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

River Rouge Discussions

Title Updated Last By Comments
Flooding in metro Detroit a call to action on c... 1 hr Number One 4
Lawyer for Eminem's wife files response to divo... (May '06) 2 hr tinglecheese 9
Dwan Sims missing 4yr old 1994 cold case doesn'... (Jul '09) 3 hr Terry 110
The 25 Most Dangerous Cities in the U.S. Are Mo... (Nov '10) 12 hr Chuck 19,281
Looking for a male Beagle to breed w/ my Beagle (Aug '12) 14 hr GianCarlo 10
Federal judges put a halt to appeals in Detroit... 21 hr AnalBead 2
What is the cause of Detroit's problems ? Mon reality is a crutch 8

River Rouge Jobs

River Rouge People Search

Addresses and phone numbers for FREE

River Rouge News, Events & Info

Click for news, events and info in River Rouge

Personal Finance

Mortgages [ See current mortgage rates ]