Dennis K [Keffalinos] was paid $1,600,000 for the .17 acre parcel on Grand River. That's $234/sq. ft., not a bad price. (Price reported by Verifiable on this forum, which I verified from the seller.) What is amazing is that the Ilitch entity took no steps to prevent the public from seeing the purchase price, such as filing a Valuation Affidavit. Unbelievable. That [apparent] slip-up will cost them a fortune when negotiating future purchases and may sink an arena behind the Fox if they have much more land to acquire.
Wednesday, December 26, 2007
Detroit forum affirms Ilitch paid record price for .17 acre Foxtown parcel
On 12.24.07 a forum participant, 3rdworldcity, posted the following affirmation of a previous TVT post in a forum thread, "Motown site (Woodward/75) back in the news:"
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