Ann Arbor considers selling Library Lot to developer
Ann Arbor — Ann Arbor is moving forward on negotiations to potentially sell a city-owned downtown property to a Chicago-based developer for $10 million.
Ann Arbor City Council voted 7-3 Tuesday night in favor of continuing talks with Core Spaces, which was chosen by the city’s administration to develop the Library Lot property.
Core Spaces proposes building a hotel and apartment building with a public plaza on the parking lot next to Ann Arbor’s downtown library.
A separate vote would be needed to sell the property.
The update comes amid concerns about Liberty Plaza, an existing downtown plaza that has seen problems with violence and drug activity.