State's lease on Detroit's Belle Isle starts, $11 per car will be required

Nov 13, 2013

That per car fee won't go into effect for another 90 days, as the MDNR transitions into running things on Detroit's Belle Isle under a 30-year lease approved yesterday by a state loan board.

Detroit City Council wanted a 10-year lease. More from Crain's Detroit Business:

Keith Creagh, director of the Department of Natural Resources, said the reason the state sought a 30-year lease was to be able to apply for grants for park improvements that would require such a time commitment.

The city’s argument for a 10-year lease was that following Detroit’s exit from bankruptcy and a reduction in its structural deficit and a move to a balanced budget, it will have the capacity a decade from now to again properly fund and maintain the 985-acre park.

One member of the loan board overseeing the deal said terms of the deal could be revisited in the future.