By Scott Bolthouse | The Huron Hub
Posted Wednesday, July 24, 2019
The future of the Pinnacle property was discussed during Wednesday’s Board of Trustees meeting.
Khalil Rahal, assistant Wayne County executive, gave a presentation on the property and essentially laid out the reasons why Wayne County is leaning toward supporting one of two developers who responded to and, in the county’s eyes, meets the qualifications necessary to be a successful development.
That developer is Hillwood, a firm based in Texas with industrial and residential experience.
According to Wayne County, the offer from Hillwood included the $4.8 million purchase price, which included the 320 acres held by the LDFA2/Pinnacle AeroPark and 330 acres held by Wayne County.
$4.8 million is owed in back taxes.
The county says Hillwood has a plan for a mixed use development including commercial, office, hotel, restaurant and retail.
The percentage of industrial to commercial business in the mixed use is still in the works.
The other developer, New E.R.A Community Group, Inc., is a nonprofit organization that wants to build a mostly outdoor sports complex on the property.
Concerns over whether New E.R.A. has the available funding to buy and develop the property was among the main reasons why the board, and the county, are hesitant to support the group’s plans.
These concerns were discussed during the meeting.
The board plans to host New E.R.A. representatives early next week to give them a chance to publicly present on their plans for the property, and will give them a chance to prove they can generate the funding to move forward with their plan.
The Huron Hub will publish details on that meeting when it’s announced.
If you are a resident concerned about the future of the Pinnacle area and the community as a whole, the nearly two hour long meeting is worth watching.