Business Review's Rise & Fall: Arthur's Bar and Wellesley Gardens
One is being remodeled to attract a new crowd; the other recently had three out of four bidders backing out of an online auction. Here are our picks for the winners and losers from the news last week:
Rise: Arthur’s Bar The Ypsilanti Township bar was a favorite with the factory crowd when it opened in the 1980s, but over time it developed a reputation as a dive. Now with one owner buying out his partner, changes are happening. There are new rules (like bikers need to park in back), a new window and more investment into the property, driving some positive change along a stretch of East Michigan Avenue just east of the Ypsilanti city limits.
Fall: Washtenaw County home sales
Fall: Wellesley Gardens Three buyers of the vacant lots in the Pittsfield Township development backed out of the deal after an online tax foreclosure auction this fall. Now ownership is being conveyed to a fourth bidder, who is paying less than $100,000 — down from the original closing bid of $245,000. Finding a buyer for vacant land is a good sign, but the price is hard to swallow in an active area of Washtenaw County. It’s also going to impact the township, which now faces refunding about $900,000 to the county — the amount that went unpaid for two years.