The council also discussed canceling plans to build a combinedconference center/hotel on the 26-acre site as well. The projectswould have cost $100 million to build, city staff estimated.

The Civic Center site is diagonally across Big Beaver and I-75from the Top of Troy building. Ron Sloan, who's selling his land toNew York developer Eric Castro, says Castro wants to build thehotel, theater and conference center himself.

"It would be the best place for these facilities," Sloan tellsGlobeSt.com.

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
NOT FOR REPRINT

© 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.