Columnist details stalled state of $2 billion project by owner of Ann Arbor's Georgetown Mall
The tale of Ann Arbor's vacant Georgetown Mall is still unfolding in this community.
Owner Craig Schubiner is promising new plans for the mall, the county is waiting for payment of 2008 and 2009 taxes now that 2006 and 2007 are paid up, and community members are watching the Packard Road property for signs of blight. Meanwhile, a new mortgage holder - Value Ann Arbor Management LLC, registered in Delaware - bought a loan associated with the property.
Meanwhile, about 50 miles northeast of Ann Arbor, a second of Schubiner's projects sits in limbo - also a product, at least in part, of some complicated legal wrangling.
Columnist Laura Berman of the Detroit News took a look at the $2 billion Bloomfield Park project in today's edition.
An excerpt: "With its naked girders and half-built looming structures, some seven stories tall, the remaining shells of Bloomfield Park's structures evoke comparisons to Mayan ruins or a bombed-out war zone."
Read her column here.