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Commission consents to assignment of AM General-era ground lease, approves steps to appraise 25.9-acre parking parcel
Summary
The St. Joseph County Redevelopment Commission consented to assignment of a ground lease and approved initiating an appraisal process after the leaseholder notified the commission it wishes to exercise an option to purchase a 25.9'acre parcel formerly used for parking for the AM General/GM facility.
The redevelopment commission approved a consent to assignment of a ground lease and authorized appraisal work after the commission was notified that GEM (Global Emerging Markets) has acquired rights related to the AM General/GM facility and seeks to exercise an option to purchase the leased 25.9-acre parcel used as parking and storage.
Staff explained the parcel was acquired by the…
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