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State, Toyota Say Land Deal is Done

ANN ARBOR, MI-The deal selling 690 acres of state-owned land to Toyota Motor Corp. for $9 million is done, according to the automaker and Gov. Jennifer Granholm. A competing bidder, which offered $25 million, notes its legal challenge has not been settled.

By Dan Heaton | Updated on April 12, 2005

ANN ARBOR, MI-Toyota Motor Corp. and the state have finalized the deal on the sale of 690 acres of state land near Ann Arbor to the world’s second largest automaker. Toyota will use the land to build a research center, the company said Tuesday.

The site, which used to hold a state mental hospital, is in Washtenaw County’s York Township. Toyota is paying $9 million for the land. Gov. Jennifer Granholm and state lawmakers decided to sell the property to Toyota, convinced the potential for hundreds, maybe more than one thousand, new research jobs was more valuable to the state than a higher bid it received for the property. An Oakland County developer, DPG-York LLC, had bid $25 million for the land, planning to develop it primarily as residential.

When DPG-York didn’t win the bid, it sued the state. The Michigan Court of Appeals upheld the state’s action in February, saying the state had a right to consider other factors besides the price offered, including whether use of the property would attract skilled jobs.

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