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.
City Administrator Steve Powers thinks the sale is a positive in two ways.
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.
— Andrew Cluley is the Ann Arbor beat reporter, and anchor for 89.1 WEMU News. Contact him at 734.487.3363 or email him email@example.com.