The Wayne County Commission still must approve the purchase.Financing would be accomplished through bonding, said countyofficials in a statement. "These acquisitions will enable us toconsolidate offices in a state-of-the-art office building. Ourtaxpayers will become owners of assets instead of paying millionsof dollars in rent each year," Ficano said in the statement. "TheGuardian building has a positive cash flow."
The county is paying $14.5 million for the Guardian Building,the 30,000-sf office building for $2 million and the parking garagefor $17 million. The Guardian building was 50% vacant, with tenantssuch as SmithGroup, Wade Trim, LaSalle Bank and the DetroitEconomic Growth Corp., and the move of county employees into thebuilding will put it at 100% occupied.
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