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Kent County approves sale of riverfront land
A three-way, public-private land transaction now has Kent County approval.
The Kent County Board of Commissioners recently approved the sale of four properties along Monroe Avenue that would clear the way for development of a riverfront park.
The Business Journal previously reported the three riverfront lots at 511, 519 and 525 Monroe Ave. NW (totaling 1.285 acres) would being purchased by the City of Grand Rapids for $3.3 million, with funding from the Michigan Department of Natural Resources Trust Fund.
Also included in the project is 2.4 acres owned by Michigan State University and the City of Grand Rapids.
“This board feels the uses proposed here are beneficial to the entire community, and this series of transactions supports the future vision of all three public entities,” said Jim Saalfeld, chair, Kent County board. “This is yet another example of the West Michigan collaboration that keeps our region thriving.”
The county is also selling property across from the riverfront properties at 520 Monroe Ave. NW to MSU for $1.65 million. That property is currently used as a parking lot by the county and is adjacent to other MSU-owned property.
The Business Journal also reported the county will purchase the city-owned property at 601 and 617 Ottawa Ave. NW for $1.33 million. The county plans to develop these parcels for employee parking to replace the 520 Monroe parking lot.
County officials intend to have the site available for public parking after hours and on weekends.
The Grand Rapids Planning Commission is scheduled to review the plan next week.