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College's Lease Plan to Aid $75M Development

LIVONIA, MI-Schoolcraft College has agreed to lease 45 acres for development at Six Mile and Haggerty. Some 500,000 sf of office space is to be developed on the property.

By Dan Heaton | Updated on April 14, 2004

LIVONIA, MI-A $75-million development plan will bring new restaurants, a bank and office buildings to the city–and provide a boon to the local community college. Schoolcraft College is leasing about 45 acres of undeveloped land it owns near Six Mile and Haggerty for 75 years to allow for the new development, and create a new revenue stream for the college.

The new plan calls for three restaurants, a bank, a strip of retail shops and about 500,000 sf of office space. The development should bring the college about $800,000 annually for 75 years, with incremental raises to account for inflation and other factors.

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