100%

Scanned image of the page. Keyboard directions: use + to zoom in, - to zoom out, arrow keys to pan inside the viewer.

Page Options

Share

Something wrong?

Something wrong with this page? Report problem.

Rights / Permissions

The University of Michigan Library provides access to these materials for educational and research purposes. These materials may be under copyright. If you decide to use any of these materials, you are responsible for making your own legal assessment and securing any necessary permission. If you have questions about the collection, please contact the Bentley Historical Library at bentley.ref@umich.edu

February 09, 1996 - Image 39

Resource type:
Text
Publication:
The Detroit Jewish News, 1996-02-09

Disclaimer: Computer generated plain text may have errors. Read more about this.

thest away from the highest part
of the building, a tower. Instead,
homes would face the front doors
of the townhouses.
Arco bid on the job, which
called for 400 parking spaces.
The site is occupied by an aged
200-space parking lot bordered
by Lafayette and West streets on
the east and west and Fifth and
Sixth streets on the north and
south.
"If you start with a 400-spot
parking lot as a requirement,
you're starting with a large
mass, anyway," Mr. Cohen says.
"I think over the next few
months we'll work out a differ-
ent proposal that would be ac-
ceptable to everybody." That
could include below-ground
parking, he says.

Some would like to
see Arco come up
with a smaller
version.

The most recent drawings of
Lafayette Terrace feature two
bathrooms, a jacuzzi and bal-
conies in each of the units, which
would sell for between $150,000
and $300,000. A health club
would occupy the fifth floor, while
the street level would house re-
tail shops. It would have includ-
ed a 4-level parking deck, with
two levels guaranteed for pub-
lic parking. The city planned to
pay for the spaces by selling $4.6
million in bonds that would even-
tually be paid off with the tax rev-
enue generated by the new
development.
A few commissioners objected
to a bond issue. Royal Oak City
Commissioner David Gorcyca
says financial projections didn't
look rosy enough to give his ap-
proval to the Arco plan. The
amount of revenue the city could
collect is greatly reduced by pro-
visions of Proposal A, he says,
and the condominiums would
have to sell for $200,000 each in
order to generate the kind of tax-
es it would take to make the pro-
ject self-sustaining.
But, Mr. Gorcyca adds, he
would like to see Arco come up
with a smaller version of
Lafayette Terrace, even if its
units sell for less than $200,000.
"I am hopeful the developer
will present some modified plans
for a smaller scale, downsized
version. A development there
would benefit the city, particu-
larly if it has a parking compo-
nent," he says.
Three restaurants are plan-
ning to move into the downtown
area within the next six months,
making parking availability
paramount.
That's one reason attorney

CONDO page 40

AND YOU
THOUGHT
YOU
COULDN'T
AFFORD A
LEXUS

!Imo° 24 MONTH LEASE
s 89*

24 month lease

Lease price includes heated
seats, moonroof, CD player
and much more!

RS400 36 MONTH LEASE

•z -

AmmossommosommiL

36 month lease

Traction control, heated seats, power moon roof, memory system, ABS
brakes, security system, much more.

SPECIAL OF THE WEEK

CALL gES300
SEDAN
TODAY FOR
YOUR
**'
CUSTOMIZED '2
LEASE
LEXUS CERTIFIED PREOWNED CARS
DOTE OR
$39,990
$34,990
$33,890
LE US BRING
$12,980
$22,490
$28,980
A NEW OR
$24,990
$22,980
$37,990
PREOWNED
$22,980
$29,890
$18,990
LEXUS TO
YOUR HOME
OR OFFICE

I ,

per
month
36 month lease

Leather heated seats, power moon roof,
AM/FM stereo with cassette,
security system, ABS brakes, much more.

'93 LEXUS LS400
Ebony, Air
Suspension, NAK
Chrome Wheels,
Phone

'94 Lexus GS300
Cashmere Beige
Loaded,
One owner, only
17,000 Miles

94 SC400
NAK, Trac, Power
Moon Roof
Memory,
33,000 Miles

'95 ES300
Black,
All The Toys!
Only 12,000 Miles

'93 ES300
Rose Quartz,
One Owner,
Like New
Only 32,000 Miles

'91 Lexus ES250
Cashmere Beige,
Auto, .Air,
Full Power,
Much More

'90 Mercedes Benz
420S EL
Pearl Whie
The Ultimate Luxo
Machine!

'95 Lexus SC300
Platinum
Only
11,000 Miles

'93 Audi 90CS
Rre Red,
One Owner

'92 BMW 318is
Red
Like New,
FUNI FUN! FUN1

'93 Lexus GS300
Ebony/Jade
One Owner,
Like New,
All The Toys

'93 Lexus ES300
Cashmere Beige
Loaded,
One Owne

• 1996 ES300, 24 mo., 24,000 mi. at $389 + tax x 24 mo. equals total payment $1799 down, 1st payment acquisition,
and refundable security deposit of $425 due at inception. Lessee responsible for extra wear & tear, 150 per mile
over 24,000 mi. Purchase option at lease end for $24,313.08.
•• 1996 LS400, 36 mo., 36,000 mi. at $649 + tax x 36 mo. equals total payment, $1,799 down, 1st. payment acqusition,
and refundable security deposit of $5,000 due at inception. Lessee responsible for extra wear & tear, 150 per mile
over 36,000 mi. Purchase option at lease end for $33,343.04.
Certified Previous Owner
***1993 ES300, 36 mo., 45,000 mi. at $299 + tax x 36 mo. equals total payment, $1,799 down, 1st payment acquisi-
tion, and refundable security deposti of $325 due at inception. Lessee responsible for extra wear & tear, 150 per
mile over 45,000 ml. Purchase option at lease end for $12,530. Stock #1372

The Relentless Pursuit of Peifection

HOURS: Monday & Thursday 9-9, Tues. Wed. Fri. 9-6, Saturday 10-5

For a personal showing:
Call 1-800-539-8748

Exit 104 off 1-96 • 5709 S. PennsOvania, Lansing • 517/394-8000 (CALL

COLLECT)

39

Back to Top

© 2020 Regents of the University of Michigan