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Owosso opens 21‑day posting for sale of 1000 Bradley St.; family developer pitches 40‑unit Quonset‑hut project
Summary
The Owosso City Council voted to open a 21‑day posting to solicit bids for a three‑acre parcel at 1000 Bradley Street. NB Concepts, a family‑owned developer, offered $10,000 and presented a concept for a 40‑unit housing project; city staff said environmental assessments and EGLE cleanup funding will guide next steps.
The Owosso City Council voted to open a 21‑day posting period to solicit offers on a three‑acre parcel at 1000 Bradley Street, the former Vanguard factory site, after hearing a presentation from a family‑owned developer that offered $10,000 for the property and described a 40‑unit housing concept.
City Manager (City Manager) told the council the offer is “far less than the true cash value” because of expected remediation costs and that the city previously received state grant money for a phase 1 and phase 2 environmental assessment, with work by AKT Peerless. He said the Michigan Department of Environment, Great Lakes, and Energy (EGLE) has agreed to fund a full baseline environmental assessment (BEA) if a prospective purchaser signs on — a step that can provide liability protection for a developer during and after remediation.
The developer, identifying the proposal as NB Concepts, described the team as a…
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