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Article: Eastern Market improvement plans' price rises.(public market district)
- Article from:
- Crain's Detroit Business
- Article date:
- March 16, 2009
- Author:
CopyrightCOPYRIGHT 2009 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: SHERRI BEGIN WELCH
Eastern Market Corp. last week made public its economic development and capital improvement plans for the market district.
The cost has increased to $50 million from original projections of $30 million to accommodate the expansion of a market hall concept and the addition of the growers' terminal and dock.
So far, the nonprofit market operator has raised $11 million, said President Dan Carmody.
Eastern Market Corp. intends to put finishing touches on the plans before submitting them to its board and the city of Detroit, which owns the market land, by May for final approval, he said.
"At the same ...