Comments on: Dearborn Council Approves Extension to Fakhoury http://www.deepsaidwhat.com/2009/12/21/dearborn-council-approves-extension-to-fakhoury/ Let's talk Dearborn Fri, 10 Feb 2012 21:29:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: emanon http://www.deepsaidwhat.com/2009/12/21/dearborn-council-approves-extension-to-fakhoury/comment-page-1/#comment-7619 emanon Sun, 27 Dec 2009 21:09:18 +0000 http://www.deepsaidwhat.com/?p=2553#comment-7619 I wonder if the city wil continue to employ Ferguson, Kwame's buddy, for demos like they have in the past. I wonder if the city wil continue to employ Ferguson, Kwame’s buddy, for demos like they have in the past.

]]> By: disappointed http://www.deepsaidwhat.com/2009/12/21/dearborn-council-approves-extension-to-fakhoury/comment-page-1/#comment-7566 disappointed Tue, 22 Dec 2009 23:53:16 +0000 http://www.deepsaidwhat.com/?p=2553#comment-7566 Well Well isn't this interesting the city is now tearing down buildings owned by Fakhoury. and where did that money come from. Let me see. Would that be from the 75 to 100 people that are going to be laid off from the City come the next couple of months. Something doesn't add up! Well Well isn’t this interesting the city is now tearing down buildings owned by Fakhoury. and where did that money come from. Let me see. Would that be from the 75 to 100 people that are going to be laid off from the City come the next couple of months. Something doesn’t add up!

]]> By: Paul Mastrogiacomo http://www.deepsaidwhat.com/2009/12/21/dearborn-council-approves-extension-to-fakhoury/comment-page-1/#comment-7562 Paul Mastrogiacomo Tue, 22 Dec 2009 18:20:43 +0000 http://www.deepsaidwhat.com/?p=2553#comment-7562 I'm don't think the formatting I gave this will work so it might get a bit muddled up and I'm not sure if Deep will accept html posts but here goes... Jim Sherlock, the tax credits were granted in 2007, not last night. Last night was an extension of DVP's sole rights to the property's development. "Nearly a year ago — Dec. 18, 2007 — Fakhoury went before the Michigan Economic Development Corporation (MEDC) and received a number of tax credits — "mega credits" and Brownfield Redevelopment funds — totaling nearly $100 million, according to city of Dearborn Economic & Community Development Director Barry Murray." http://www.pressandguide.com/articles/2008/12/17/localnews/20081217-archive1.txt Jeanette, I'm not sure what you mean by saying you disagree with my timing? Do you mean I'm wrong about when Mr. Fakhoury said he would tear down the buildings? My understanding is that he was responsible for the tear down and would be reimbursed for it. And I do understand the 5 year time limit but he should have been done with his projects by now. "Demolition of the former Brothers Formal Wear building is tentatively scheduled to begin in March, Fakhoury said Wednesday. The process is expected to take about three weeks, and work on the new piano bar is expected to begin shortly after demolition of the old building is completed. The former Bally's/Vic Tanny building could come down in April, Fakhoury said, although some adjacent business owners have expressed concern about the demolition process." http://www.pressandguide.com/articles/2008/02/24/localnews/20080224-archive.txt Enlarge the picture in this article and take a look at the time table as of 2005. All items, except the last one, should have been completed by the end of 2009. http://www.pressandguide.com/articles/2009/12/19/news/doc4b2c0fef61306760697512.txt And as far as my understanding goes the Mercury was part of the tax capture. “To the east of the Gateway Lofts project sits the former Mercury Motel and Coffee Shop. That land remains vacant as part of a study on how obsolete buildings capture taxes.” http://www.pressandguide.com/articles/2008/03/16/localnews/20080316-archive1.txt Maybe I was mistaken and they are not part of the 12 sites, which I could not find listed, on Michigan between Military and Howard. But I thought I remembered reading that. “The grant provides a state Brownfield tax credit valued at $9.1 million and state and local tax capture worth $46 million to support a multi-phased, mixed-use development across 12 sites along Michigan Avenue between Howard and Military.” http://www.pressandguide.com/articles/2007/12/26/localnews/20071226-archive0.txt Bob, apparently there were no immediate plans to develop the site of the Mercury but they did say they would landscape the property. Judging by the recent city beautiful business awards I guess cutting the grass now and then counts as landscaping now. I’m don’t think the formatting I gave this will work so it might get a bit muddled up and I’m not sure if Deep will accept html posts but here goes…

Jim Sherlock, the tax credits were granted in 2007, not last night. Last night was an extension of DVP’s sole rights to the property’s development.

“Nearly a year ago — Dec. 18, 2007 — Fakhoury went before the Michigan Economic Development Corporation (MEDC) and received a number of tax credits — “mega credits” and Brownfield Redevelopment funds — totaling nearly $100 million, according to city of Dearborn Economic & Community Development Director Barry Murray.”
http://www.pressandguide.com/articles/2008/12/17/localnews/20081217-archive1.txt

Jeanette, I’m not sure what you mean by saying you disagree with my timing? Do you mean I’m wrong about when Mr. Fakhoury said he would tear down the buildings? My understanding is that he was responsible for the tear down and would be reimbursed for it. And I do understand the 5 year time limit but he should have been done with his projects by now.
“Demolition of the former Brothers Formal Wear building is tentatively scheduled to begin in March, Fakhoury said Wednesday. The process is expected to take about three weeks, and work on the new piano bar is expected to begin shortly after demolition of the old building is completed.
The former Bally’s/Vic Tanny building could come down in April, Fakhoury said, although some adjacent business owners have expressed concern about the demolition process.”
http://www.pressandguide.com/articles/2008/02/24/localnews/20080224-archive.txt

Enlarge the picture in this article and take a look at the time table as of 2005. All items, except the last one, should have been completed by the end of 2009.
http://www.pressandguide.com/articles/2009/12/19/news/doc4b2c0fef61306760697512.txt

And as far as my understanding goes the Mercury was part of the tax capture.
“To the east of the Gateway Lofts project sits the former Mercury Motel and Coffee Shop. That land remains vacant as part of a study on how obsolete buildings capture taxes.”

http://www.pressandguide.com/articles/2008/03/16/localnews/20080316-archive1.txt

Maybe I was mistaken and they are not part of the 12 sites, which I could not find listed, on Michigan between Military and Howard. But I thought I remembered reading that.
“The grant provides a state Brownfield tax credit valued at $9.1 million and state and local tax capture worth $46 million to support a multi-phased, mixed-use development across 12 sites along Michigan Avenue between Howard and Military.”
http://www.pressandguide.com/articles/2007/12/26/localnews/20071226-archive0.txt

Bob, apparently there were no immediate plans to develop the site of the Mercury but they did say they would landscape the property. Judging by the recent city beautiful business awards I guess cutting the grass now and then counts as landscaping now.

]]> By: cloe http://www.deepsaidwhat.com/2009/12/21/dearborn-council-approves-extension-to-fakhoury/comment-page-1/#comment-7561 cloe Tue, 22 Dec 2009 17:28:35 +0000 http://www.deepsaidwhat.com/?p=2553#comment-7561 Good for Darany. Fakhoury is smarter than the City Council and the Mayor, which, in reality, isn't saying much. So the City is going to take down the building and Fakhoury is going to pay them back? Yeh, right. When? After he fills his other buildings and pays his taxes to get his buildings out of foreclosure? Let's have this conversation again next December, when, surprises of surprises, he goes for another extension. Like I said, the only good that Fakhoury does is to give bloggers something to talk about. Enough of him. Have a very Blessed Christmas and a Happy and Prosperous New Year. Good for Darany. Fakhoury is smarter than the City Council and the Mayor, which, in reality, isn’t saying much. So the City is going to take down the building and Fakhoury is going to pay them back? Yeh, right. When? After he fills his other buildings and pays his taxes to get his buildings out of foreclosure?

Let’s have this conversation again next December, when, surprises of surprises, he goes for another extension. Like I said, the only good that Fakhoury does is to give bloggers something to talk about.

Enough of him. Have a very Blessed Christmas and a Happy and Prosperous New Year.

]]> By: Bob http://www.deepsaidwhat.com/2009/12/21/dearborn-council-approves-extension-to-fakhoury/comment-page-1/#comment-7559 Bob Tue, 22 Dec 2009 16:32:55 +0000 http://www.deepsaidwhat.com/?p=2553#comment-7559 Speaking of the Credit Union, weren't they supposed to build their new headquarters on that spot? Any news of that? Speaking of the Credit Union, weren’t they supposed to build their new headquarters on that spot? Any news of that?

]]> By: lenny http://www.deepsaidwhat.com/2009/12/21/dearborn-council-approves-extension-to-fakhoury/comment-page-1/#comment-7557 lenny Tue, 22 Dec 2009 16:26:57 +0000 http://www.deepsaidwhat.com/?p=2553#comment-7557 Hakim stuck the city fathers again, and he said he would get them to go along, all except Darany who has something the others don't -- balls. Watch this abortion start but never finish -- after all thats the Hakim way. Hakim stuck the city fathers again, and he said he would get them to go along, all except Darany who has something the others don’t — balls. Watch this abortion start but never finish — after all thats the Hakim way.

]]> By: Jim Sherlock http://www.deepsaidwhat.com/2009/12/21/dearborn-council-approves-extension-to-fakhoury/comment-page-1/#comment-7556 Jim Sherlock Tue, 22 Dec 2009 16:23:24 +0000 http://www.deepsaidwhat.com/?p=2553#comment-7556 The Brownfield tax credits are the money that will be used to tear down the buildings and that is what Fakhoury had approved last night by council. And as Donna states, let's hope the garages are put up after the new buildings promised. The Brownfield tax credits are the money that will be used to tear down the buildings and that is what Fakhoury had approved last night by council. And as Donna states, let’s hope the garages are put up after the new buildings promised.

]]> By: Jeanette http://www.deepsaidwhat.com/2009/12/21/dearborn-council-approves-extension-to-fakhoury/comment-page-1/#comment-7553 Jeanette Tue, 22 Dec 2009 15:59:52 +0000 http://www.deepsaidwhat.com/?p=2553#comment-7553 Paul: the credit union didn't take grant money. They tore the buildings down on their own dime. There is a reason the buildings haven't come down yet. Once they do the time clock starts running from the state for its brownfield tax credits something like five years. If you don't put anything up in that time you get no state tax credit aid. disagree on your timing. the buildings will come down because the city is taking that part on not Fakhoury Paul: the credit union didn’t take grant money. They tore the buildings down on their own dime. There is a reason the buildings haven’t come down yet. Once they do the time clock starts running from the state for its brownfield tax credits something like five years. If you don’t put anything up in that time you get no state tax credit aid. disagree on your timing. the buildings will come down because the city is taking that part on not Fakhoury

]]> By: oldalldayschoolmom http://www.deepsaidwhat.com/2009/12/21/dearborn-council-approves-extension-to-fakhoury/comment-page-1/#comment-7552 oldalldayschoolmom Tue, 22 Dec 2009 15:31:18 +0000 http://www.deepsaidwhat.com/?p=2553#comment-7552 It would be interesting to know who the silent partners are in Fakhoury'sventures. This project could very well be the last stand of the old money-ed up Dearborn "movers and shakers" who are trying to save the west end from looking like the east end. But it's like trying to save Constantinople from becoming Istanbul. Wonder how Sacred Heart would look with minarets? It would be interesting to know who the silent partners are in Fakhoury’sventures. This project could very well be the last stand of the old money-ed up Dearborn “movers and shakers” who are trying to save the west end from looking like the east end. But it’s like trying to save Constantinople from becoming Istanbul. Wonder how Sacred Heart would look with minarets?

]]> By: Paul Mastrogiacomo http://www.deepsaidwhat.com/2009/12/21/dearborn-council-approves-extension-to-fakhoury/comment-page-1/#comment-7551 Paul Mastrogiacomo Tue, 22 Dec 2009 15:26:32 +0000 http://www.deepsaidwhat.com/?p=2553#comment-7551 48124, the Fakhoury himself said the demos would begin in March and April of 2008, nearly 2 years ago. The credit union got the same grant and they tore down the Mercury on schedule in April of 2008. I'm not really expecting much to happen in spring of this year. And I really still want to know where they expect even 240 students to come from. I think I remember Fakhoury marketing the apartments above Panera for students originally... Yeah, at 2000 at month. Even now they're still overpriced. What's he going to charge for the new places considering you can't really go much cheaper on fitting out a building than he already has above Panera. 48124, the Fakhoury himself said the demos would begin in March and April of 2008, nearly 2 years ago. The credit union got the same grant and they tore down the Mercury on schedule in April of 2008.

I’m not really expecting much to happen in spring of this year.

And I really still want to know where they expect even 240 students to come from.

I think I remember Fakhoury marketing the apartments above Panera for students originally… Yeah, at 2000 at month. Even now they’re still overpriced. What’s he going to charge for the new places considering you can’t really go much cheaper on fitting out a building than he already has above Panera.

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