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ALLEN PARK: City to sell millions in bonds for movie studio complex
Published: Saturday, August 8, 2009
The News-Herald
By Rene Cizio
ALLEN PARK — City officials have authorized the sale of $31 million in general obligation bonds for land purchase and economic development.
A resolution, adopted after an executive session Wednesday night, said the bonds are for paying the city’s share of certain public improvements.
The purchase, from businessman Samir Danou, involves land and buildings — including the building at 16630 Southfield Road and an empty building off Enterprise Drive — for $24.8 million.
It’s the site of a much-anticipated movie studio complex.
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