The Michigan Land Bank Fast Track Authority Board of Directors approved the sale of the property where the Michigan State Fair was once held to the City of Detroit and Magic Plus, LLC.
Once final, the proposals mean the City of Detroit will purchase approximately 142 acres of the property for $7 million and Magic Plus, LLC will purchase approximately 16 acres, primarily along Woodward Avenue.
The City of Detroit will lead the redevelopment with participation and input from the community.
While the MLBFTA approved the sale, it must also be approved by the Detroit City Council. They will vote on the purchase following environmental reviews expected to take place this spring.
“The historic State Fairgrounds is an important site for residents, the City of Detroit and the entire region,” said Josh Burgett, director of MLBFTA.
The site hosted the Michigan Sate Fair from 1905 until 2009. Governor Rick Snyder signed legislation in 2012 allowing for the transfer of the site to the Michigan Land Bank to be returned to productive use.
