Her department is overseeing the reuse of the stadium, vacant now that the Tigers are playing at the new Comerica Park a few blocks away in Downtown.
"They have the capacity to carry the plan through. They've demonstrated the ability to secure $200 million," Crawford tells GlobeSt.com.
She says the project has nothing to do with a recent proposal by Michigan and Trumbell LLC, run by president Peter Comstock Riley. The company has presented a plan to the city council to lease out the field for a minor-league baseball team. The lease would be for $120,000, and a $1-cut from each ticket sold.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
