Community
12:46 am
Thu April 3, 2014

Ann Arbor Y Lot Sale Closes

While most attention was being paid to President Barack Obama visiting Ann Arbor Wednesday, an important sale was completed.  Dennis Dahlmann the owner of the Campus Inn and the Bell Tower Hotel completed the purchase of the former Y-M-C-A lot on South Fifth Avenue. 

Credit Andrew Cluley / 89.1 WEMU

City Administrator Steve Powers thinks the sale is a positive in two ways.

Ann Arbor City Administrator Steve Powers discusses a couple of benefits of the sale of the former Y-M-C-A lot.

Powers says a little over $4.9 million will go from the sale to affordable housing in Ann Arbor.  He says this combined with the president’s efforts to increase the minimum wage will help people find housing in the city.

While development plans are worked on the property could remain a surface parking lot.

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— Andrew Cluley is the Ann Arbor beat reporter, and anchor for 89.1 WEMU News. Contact him at 734.487.3363 or email him acluley@emich.edu.