Description

Vacant land opportunity. Close to expressway and Grosse Pointe. 4403 Chatsworth, 4127 Nottingham, and 4121 Nottingham will be sold together as bundle. Total purchase price is $41,900. Please note that the DLBA is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatement that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatement on the purchase and development financing.