Gilbert will pay $50 million for the site of the halted construction and three other neighboring buildings. He has plans to make it a very different neighborhood and monumental disaster is about to transform downtown Detroit.
Entertainment, retail, housing planned for site
Rock Ventures is expected to build a billion-dollar entertainment and retail complex along with housing, lofts, town homes and apartments on two full blocks.
On Wednesday, the Wayne County Commission will hold a joint meeting with the county Building Authority. During the meeting, the RFI Committee -- a seven-member board assigned the job of getting a new jail out of the money available -- will present its plan.
Local 4 has learned Rock Ventures will buy the failed jail site along with two old Wayne County jails on Clinton Street and the Wayne County Juvenile Detention Center for $50 million. That will be added to the $50 million the county did not use after stopping jail construction and then try to cobble together bond sales from the remaining $100 million in bonding authority to build a $200 million renovation kitty.
The plan moves the failed jail to its new home -- the former Mound Road Correctional Facility -- to construct a justice center.
The county also will have 2,600 cells -- the original number needed -- and while the new Mound Road facility will not have all the bells and whistles of the downtown jail, it will come with courtrooms, making operations more efficient.
The Building Authority and the County Commission are not going to be voting on this plan on Wednesday. They merely will be asked to allow the RFI Committee to take 90 days to pull all of the assorted details together for a final plan. At that point the county will ask for this vote.
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