{"id":1004086843,"date":"2013-11-13T16:07:16","date_gmt":"2013-11-14T00:07:16","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=217557"},"modified":"2020-04-13T02:00:03","modified_gmt":"2020-04-13T10:00:03","slug":"state-signs-30-year-lease-for-belle-isle","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/state-signs-30-year-lease-for-belle-isle\/","title":{"rendered":"State Signs 30-Year Lease for Belle Isle"},"content":{"rendered":"

By Veronica Grecu, Associate Editor<\/em><\/p>\n

\"\"<\/a><\/p>\n

Belle Isle State Park Detroit<\/p>\n<\/div>\n

Detroit\u2019s historic Belle Isle, a 982-acre island park in the Detroit River, will be taken over by the state. \u00a0The Michigan Emergency Loan Board has approved a 30-year lease with two 15-year renewals with the city in a deal that would save Detroit up to $6 million in annual maintenance costs. Belle Isle will become Michigan\u2019s 102nd<\/sup> state park.<\/p>\n

According to Detroit Free Press<\/a><\/em>, the three-panel board set a 90-day transition period starting on December 1, after which the Michigan Department of Natural Resources (DNR) will assume full management of the park. Belle Isle State Park will remain free-of-charge for pedestrians, cyclists and those using public transportation; but, starting February 2014, an $11 fee per vehicle\u2014a \u201cRecreation Passport\u201d offering 12-month access to all Michigan state parks and recreation areas\u2014will be charged to all motorists.<\/p>\n

During the first three years of state management, the DNR will invest $10 million to $20 million in various improvement projects at Belle Isle, according to the lease proposal which was submitted to Gov. Rick Snyder in September.<\/p>\n

Created in 1845 on the former estate of General Alexander Macomb Jr., Belle Isle includes three buildings designed by Albert Kahn between 1903 and 1930: the Whitcomb Conservatory, the Casino and the Livingstone Lighthouse. Renovations at the Belle Isle Maintenance Building, a 20,000-square-foot Tudor-style structure designed in 1895 by Detroit architect George Mason, started in Fall 2011 (read more here<\/a><\/strong>).<\/p>\n

 <\/p>\n

Satellite image via Google Maps<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Detroit’s historic Belle Isle, a 982-acre island park in the Detroit River, will be taken over by the state as the Michigan Emergency Loan Board approved a 30-year lease with two 15-year renewals with the city in a deal that would save Detroit up to $6 million in annual maintenance costs. As such Belle Isle will become Michigan’s 102nd state park.<\/p>\n","protected":false},"author":258,"featured_media":1004507062,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1495,21742],"tags":[1815],"class_list":["post-1004086843","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-detroit","category-latest","tag-national"],"acf":[],"yoast_head":"\nState Signs 30-Year Lease for Belle Isle - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/state-signs-30-year-lease-for-belle-isle\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"State Signs 30-Year Lease for Belle Isle\" \/>\n<meta property=\"og:description\" content=\"Detroit’s historic Belle Isle, a 982-acre island park in the Detroit River, will be taken over by the state as the Michigan Emergency Loan Board approved a 30-year lease with two 15-year renewals with the city in a deal that would save Detroit up to $6 million in annual maintenance costs. 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