The state had leased the property at Woodward Avenue and Eight Mile Road to the development group for a $200-million redevelopment project, including a racetrack, amphitheater and hotel on 36 adjacent acres.
However, the racetrack project died due to nearby resident protests, and the hotel project fell apart soon after.
The state and the developer got into legal battles over the vision of the fairgrounds, and it became just a question of when Nederlander would get the boot.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.