IV Yanked

Several weeks ago, Ypsilanti officials announced that there was no developer for the proposed $300 million mixed-use International Village development.

This week, officials announced that the architect and builder are no longer involved in the project. A city official also said she doesn’t known if it has any investors, and there are questions about whether the development team has legal representation.

With no developer, architect, builder, or known investors, the project appears to be nearly dead. The city and what remains of the development team need to sign a development agreement by Dec. 31, or the two parties need to extend the deadline. If neither of those options happen by that date, then the project dies. And at a special city council meeting on Monday night, no council members expressed a desire to extend the deadline.

Read the rest here.

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