Magic Plus LLC Gets 16 Acres of Prime Woodward Frontage for 471K

Officials with the State of Michigan plan to sell 16-acres along Woodward near 8 mile for $471,000. The parcel is part of the former Michigan State Fairgrounds. The Michigan Land Bank Fast Track Authority announced today it is selling a 16-acre tract that runs along Woodward between 7 and 8 Mile roads to developer Magic Plus L-L-C for 471-thousand dollars. Land Bank Spokesman, Rodney Parkkonen, also says a deal with the City of Detroit will transfer 142-acres of former fairgrounds property to the city for 7 million dollars. Karen Hammer is a member of the Fairgrounds Development Coalition. She says having the City own most of the property is a good change of plans. 

“We’re glad that the property is going to the City because the City has a better sense of the area and the type of land development that’s possible. And the developers were really not up to the task of developing the fairgrounds”                                                             -Karen Hammer, Fairgrounds Development Coalition

Developer Magic Plus L-L-C has spent the last five years attempting to finalize a plan for the development of the former fairgrounds. The new deal gives the group the smaller 16-acre parcel for $471,000.