Progress Expected This Week on Sale of YMCA Lot in Ann Arbor
Ann Arbor will look to sell the former YMCA lot to Dennis Dahlmann who made a $5.25 million offer for the property.
City Council will consider a resolution Thursday to have the city administrator negotiate with the owner of the Campus Inn and Bell Tower Hotel. Dahlmann's proposal for the site includes a development that wouldn't maximize what's possible for D-1 zoning.
The resolution calls on city staff to try to have an agreement ready for council to consider at the second November meeting. The city received five proposals for the site and if an agreement can't be reached with Dahlmann negotiations will begin with CA Ventures. Proceeds from the sale after expenses are covered will go to the city's affordable housing fund.