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May 28, 1980 - Image 1

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Publication:
Michigan Daily, 1980-05-28

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The Michigan Daily

Val. XC No. 14-S

Ann Arbor, Michigan-Wednesday, May 28, 1980

Ten Cents

Sixteen Pages

_-

Developer
Stegeman
clears 2d
obstacle

By MITCH STUART
Local developer John Stegeman
leaped the second hurdle yesterday on
the road to construction of a 32-story
"multi-use" high-rise at the corner of S.
Forest and Washtenaw.
Owners of a tract of land vital to the
project paid off the final portion of a
land contract with the city yesterday.
The payment, including interest,
amounted to $89,536.
IF THE land's owners,Jack McIntyre
and Merlin Townley, had not paid the
,city by this morning, the land would
have reverted to the city, which some

Demonstrator arrested AP PhtQo
New Hampshire state police drag a protester from the main gate of the
Seabrook nuclear power plant yesterday. A total of 40 persons were arrested
in the four days of protest. See Story, Page 7.

Carter trounces Kennedy
in Arkansas, Kentucky

By The Associated Press
President Carter swept past Sen.
Edward Kennedy last night to runaway
victories in the Kentucky and Arkansas
presidential primary elections.
The president looked for additional
headway toward the Democratic
presidential nomination in Nevada,
third in a final set of skirmishes before
the major, and probably decisive com-
petition that concludes the primary
election season next week.
MEANWHILE, Ronald Reagan, the
certain Republican nominee, gained
the support of former President Gerald
Ford.
"I congratulate Ronald Reagan on
having clinched the Republican
nomination as our candidate for
president," Ford said. "I compliment
him on his very successful campaign. I
have always supported the Republican
nominee and will do so in 1980."
At the same time, Ford
"categorically" ruled out running as
vice president on a Reagan ticket.
There had been reports that Ford, who
defeated Reagan for the 1976
Republican presidential nomination,
See CARTER, Page 14

officials predicted would have meant a
quick demise to the Stegeman proposal.
Several people close to the deal
speculated that McIntyre and Townley
required Stegeman to make the final
payment or forefeit his option on the
land.
Stegeman, Jack McIntyre, and McIn-
tyre and Townley's lawyer Spaulding
Clark refused to confirm or deny the
speculation.
THE UNIVERSITY Regents, in their
February and March meetings, sold
Stegeman another vital piece of land.
The sale was controversial due to what
some community members called the
Regents' lack of interest in public input.
Yesterday's payment was due in
February 1979, but in November 1979 a
judge ruled McIntyre and Townley
could have six additional months to pay
off the debt. The six-month mark is
today.
According to city-county tax
rolls, however, .McIntyre and Townley
owe $11,265 in back property taxes on
the land.
STEGEMAN EXPLAINED the
reason behind allowing the third
payment to become delinquent: at the
time the deal with the city was
negotiated, McIntyre and Townley
were able to obtain a six and one-half
per cent interest rate.
City Attorney Bruce Laidlaw said
negotiations on the land contract began
in 1967or 1968
"It was in their best interest to delay
it (the final payment)," Laidlaw said.
STEGEMAN SAID yesterday he
doesn't want to start fighting the
project's opposition until he has finally
developed his plans.
He said, "The opinions I hear are all
favorable."
Stegeman said he thinks the project
will have a very favorable reaction
from students and businesses when the
final plans are revealed in August.
IOST ANN ARBOR residents
"should be delighted" that some capital
is being put into the city, Stegeman
said.
City Councilwoman Leslie Morris (D-
Second Ward) said she is not satisfied
See DEVELOPER, Page 13

REPUBLICAN PRESIDENTIAL CANDIDA'*'E Ronald Reagan, who spoke
to supporters Monday in Victorsville, California, at the 1980 Western Desert
Gospel Sing, picked up all 27 delegates in the Kentucky primary and
received the endorsement of former president Gerald Ford.

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