So reports the UPoR. The idea being that this would create a single owner, making redevelopment easier. That’s probably true as far as it goes. But making the redevelopment of privately-held property easier isn’t exactly a core function of government. Unless you believe in crony-capitalism that is.
What the next step would be after the city acquires of Eastland is pretty obvious: throw a bunch of city money at a politically-connected developer to build a signature mixed-use development there. Despite being hyped by the usual suspects and it won’t live up to expectation. Like, you know, the last signature station along a rail line.
The timing of the move to acquire Eastland is curious and smells of being a means to justify construction of the city’s streetcar line. Eastland is a terminus after all.
