The College of Michigan is pursuing property previously owned by Concordia College in Ann Arbor.
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State lawmakers and native officers are pushing again in opposition to the College of Michigan’s plan to purchase property from Concordia College in Ann Arbor because the $60 million acquisition awaits approval from the Board of Regents, MLive reported.
Members of the Washtenaw County Legislative Delegation despatched a letter to the College of Michigan’s Board of Regents Tuesday, arguing the 187-acre property is “one of probably the most important remaining land alternatives in our neighborhood” and ought to be used for housing, recreation house or different native wants.
“If acquired by the college, it will stay completely tax-exempt and enhance the college’s already large Ann Arbor land holdings by roughly 10 %,” the letter states. “At a time when residents are battling rising housing prices, rising rents, and rising property tax pressures, increasing the footprint of tax-exempt land in our neighborhood strikes us within the fallacious path and may concern everybody.”
Earlier within the week, Ann Arbor Metropolis Council voted unanimously in favor of a decision opposing the acquisition.
Regardless of the pushback, The Board of Regents accepted the acquisition Thursday evening.
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