Galloway and Collens, PLLC
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248-284-1990

Posts tagged "commercial property"

Detroit approves memorandum for new Red Wings stadium

Hockey fans in Michigan rejoiced this month after the city of Detroit announced that it had approved a memorandum of understanding to build a new home for the Red Wings in the downtown area. The $650 million project is expected to cover approximately 45 blocks from Grand Circus Park to Charlotte St., between Woodward Ave. and Grand River Ave. According to planners from the Downtown Development Authority, the new stadium will finally incorporate all three of the state's major league sports venues into one entertainment district at the heart of the city.

Rezoning suggested to help commercial property to thrive again

Along with the recession came the plunge of the job market. Companies collapsed under the combination of diminishing revenue and mounting debt, forcing many of them to close their doors for good. As a result, once used store fronts became vacant spaces, simply waiting for their next tenant to arrive. It's something most Michigan residents have noticed in the last few years; and while the economy is rebounding and business is returning to many areas, zoning plans may be the reason why some derelict properties are having problems filling their vacancies.

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