Wayne County is moving toward a promising multimillion-dollar deal with a Colorado company to develop land in an area of the long awaited aerotropolis project. The property is located in a new Local Development Finance Authority 2 district which is also governed by the LDFA board of Huron Township.
Wayne County commissioners will weigh the sale of up to 16 parcels of county land in Huron Township south of Detroit Metro Airport to Pauls Real Estate Investments of Denver. The commission’s Economic Development Committee voted 6-1 to move the deal forward to the full commission.
Headquartered in Colorado, The Pauls Corporation has a 30 year history of identifying and managing successful real estate opportunities during varied market conditions. Their success is a result of effective and timely conversion of opportunities to innovative projects that consistently provide value to investors and tenants.
The comfort level is high on the projects future as the project would be funded by G E pension fund. LDFA Chairman R.P. Lilly said, “Along with the Pauls group reputation for high standards, it’s projects are normally mixed use, using only quality building materials and hiring competent and good people.”
This LDFA board is one of very few boards that oversee two districts. LDFA1 is currently established with over 800 manufacturing jobs currently and LDFA2 is considered a smart zone as well which is hopeful to attract even more new business. The Local Development Finance Authority Huron Township, MI is a beacon for economic growth in the area. More information at www.hurontwpldfa.com .