89.1 WEMU

City Approves Bond Sale for Development

Ann Arbor, MI – A proposed mixed use development in Ann Arbor at the corner of First and Washington has taken another step forward. City council has approved a notice of intent to sell up to nine-million dollars in bonds, and authorized the sale of the bonds following a 45-day waiting period.
Earlier this month, council approved the site plan and development agreement for what's called the Ann Arbor City Apartments. The project includes a 156 unit apartment building and four level parking garage.