Castro May Build $500-Mil Project in Suburb

TROY, MI-A local landowner involved with 16 acres south of the Top of Troy building says a buyer of his property has received the green light to include cultural projects with proposed mixed-use plans for the site. The city council has agreed it would not build a 5,000-seat performing arts center on the city Civic Center property, northof Big Beaver Road and east of I-75.

The council also discussed canceling plans to build a combined conference center/hotel on the 26-acre site as well. The projects would have cost $100 million to build, city staff estimated.

The Civic Center site is diagonally across Big Beaver and I-75 from the Top of Troy building. Ron Sloan, who’s selling his land to New York developer Eric Castro, says Castro wants to build the hotel, theater and conference center himself.