$5.8 Million offered for Former Lansing Golf Course

By: News 10
By: News 10

Lansing (WILX) The City of Lansing has accepted a $5.8 million offer for the former Waverly Golf Course.

"The offer exceeded our expectations for the property and the new revenues will be a tremendous benefit to the city and to our residents," Mayor Virg Benero said.

The mayor also said, "the proceeds from this sale will allow us to make new investments in our parks and recreation facilities, as well as setting some money aside for a rainy day."

The buyer is Schostak Brothers & Company, a Livonia-base real estate developer.

The company plans to build a residential and retail development, however, that could change.

The deal is expected to be filed with the City Clerk on Friday and won't be final until the city council approves it followed by a 180-day period of due diligence.


WILX.com is happy to provide a forum for commenting and discussion. Please respect and abide by the house rules:

Keep it clean, keep it civil, keep it truthful, stay on topic, be responsible, share your knowledge, and please suggest removal of comments that violate these standards.

See full commenting rules...
powered by Disqus
WILX 500 American Road Lansing, MI 48911 517-393-0110
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 270330871 - wilx.com/a?a=270330871
Gray Television, Inc.