Well, jeeze. No sooner than we're talking about housing that this comes out of nowhere:
The Outfield
So, the city has been wanting to renovate Oldsmobile Park (I'll be d@mned if I ever call it Cooley Law School Park) for years, and are finally going to pull the trigger. Instead of just doing some structural and cosmetic upgrades, though, they are going to add housing and an on-site restaurant, too. The city has decided to issue bonds for this, and it sounds like this is already planned, as they want to issue the bonds by May 1st, and have this done by opening day in 2016.
- The city will bond out for $10 million for the actual stadium upgrades such as new concrete, lockerroom upgrades, a new roof, new lights, and a new field. The team is going to kick in a million for a new scoreboard...even though the scoreboard was just recently updated. lol
- The private developers will put in $11 million for the housing (80 to 100 units) and restaurant, with the city selling the air rights for $100,000. The city will also knock down the old municipal garage immediately north of the site for surface parking. Apparently, though - and luckily - it appears this will still leave room on the rest of the block to the north for development, eventually. So, this won't be a giant surface lot, and it will still leave room to reconstruct part of the streetwall, eventually.