• Ambassador Bridge Co. will transfer to the city 4.8 acres of prime riverfront property, and provide $5M for park improvements
• City to transfer 3 acres of undeveloped parkland to Bridge Co. it requires for possible second span.
• Construction of new baseball and soccer fields, picnic and fishing areas, to begin this fall
• 1,050 windows in the Michigan Central Train Depot will be installed by December 31, 2015, securing the exterior of that landmark.
An agreement between the City of Detroit and the Ambassador Bridge Company will pave the way for a significantly expanded and improved Riverside Park and the renovation of the exterior of the Michigan Central Depot, Mayor Mike Duggan announced today.
Once the agreement is approved by Detroit City Council, the Ambassador Bridge Company will transfer 4.8 acres of prime waterfront property to the City of Detroit to expand Riverside Park to the west. The Bridge Company also will pay the city $3 million which will be invested in Riverside Park improvements.
Riverside Park Concept Plan “This agreement gives the city the land and funding it needs to create a marquee park at Riverside and give Detroiters even greater access to our riverfront,” Mayor Mike Duggan said. “At the same time, it provides a dramatic improvement in the appearance of the Michigan Central Depot, making the future redevelopment of that landmark more likely.”
The funding being provided by the Bridge Company also will allow the city to redevelop a 3.4-acre piece of unused city land to expand Riverside Park to the north. Improvements to be made to the park starting in fall 2015 during this first phase include:
• New Baseball Diamond, soccer field and multi-use play areas on the northern city parcel
• New Riverfront Playscape
• New benches, picnic tables & shelter
• Improved Waterfront Promenade
• Improved Landscaping
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