The Lansing City Council recently approved the sale of the Lansing City Market, which gives developers the nod to start investing millions of dollars into Lansing’s riverfront.
According to excerpts from the article:
Bob Trezise, president of the Lansing Economic Development Corp., signed Tuesday the state contract assuring the city $1million to remove contaminants from the Lansing City Market property, which has been used at various times for a foundry, galvanizing plant, filling station and machine shop.
He plans to raze the old market building and make room for Market Place, a $24 million to $30 million mixed-use development that could include up to five buildings totaling at least 80,000 square feet and up to 150 residential housing units.
Gillespie would like to submit building and site plans next summer, a few months before Lansing will complete construction of a replacement market on city park property just to the south of the current market.
Read the entire article here.
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