Former Petoskey Pointe site plans take next step
Tue, 22 Jul 2014 00:44:18 GMT —
Plans to breathe new life into a vacant lot in Petoskey took a step forward Monday night. The site of the former proposed Petoskey Pointe project has sat virtually empty for years after the project failed to take off.
A Grand Rapids businessman, Elias Amash purchased the property last year and began making plans to build Sunset Square, a hotel and mixed use development. Amash told 7&4 News in a previous phone interview that he envisioned a smaller in size, and cost, development at the site than previous owners. He also stressed that he wanted to work with the city and residents to make sure he had their support.
At Monday night's city commission meeting, his plan received a sign of support. According to Petoskey Mayor Fraser, the commission voted unanimously to schedule a public hearing for its August 2nd meeting. At the meeting, it could be decided that the city act as the fiduciary in a grant application to the Michigan Economic Development Corporation.
The grant request would be to help pay for a feasibility study on Amash's proposal. The grant could cover half of the cost of the $25,000 study, with the other half being paid for by the developer. The public will have the opportunity to voice concerns or support at the public hearing before any actions are taken.