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IDA reports sale of roughly 32-acre northern parcel to Factory Town Apartments LLC
Summary
The IDA updated its land analysis to reflect the sale of about 32 acres (the northern portion of the former Ford site) to Factory Town Apartments LLC for $332,240; the agency said the rest of the land analysis remained unchanged.
The agency's land-analysis update was limited to one transaction: the sale of the northern portion of the former Ford Motor Company property. Maggie Alex reported that "we sold approximately 32 acres of, for $332,240 ... to Factory Town Apartments LLC." The update left other land-analysis details unchanged.
The transcript records the sale price and acreage but also contains a date that appears inconsistent with other meeting references; meeting materials should be consulted for the official sale date. The board accepted the land-analysis update by motion and voice vote.
