MEDC-Endorsed Bet on Horse Track Now Under Investigation by Wayne Co. [Mackinac Center]
"A privately owned racecourse in Huron Township broke a promise with the county after it bought land from Wayne County for $1 and then turned around and sold it on the open market, according to a county commissioner.
Pinnacle Race Course was recommended by the Michigan Economic Development Corp. for millions in tax credits after an analysis said the company was 'financially sound.'
But Wayne County Commissioner Ed Boike says there are liens against it for money owed by its owners.
Boike, the chairman of the Wayne County Board of Commissioners, laid out a series of concerns he has with the owners of the racecourse and says the county has begun an investigation of the deal.
The deal became news when the News Herald of Grosse Ile reported that Pinnacle Race Course sold seven acres of the 240 acres it got from the county to an Indian tribe.
Pinnacle paid Wayne County just $1 for the 240 acres in 2008, and then sold the 7-acre parcel for $179,000."
No comments:
Post a Comment