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EXCLUSIVE: Royal Oak Businesses Fight City Over Office Project, No-bid Contract, and Giving $5.5M...
A planned $100 million redevelopment project billed as the catalyst for a renaissance of Royal Oak’s city center is going before the City Commission for approval on Monday night amid protests by a coalition of area business and property owners who filed lawsuits accusing city leaders of bad faith backroom deals and sweetheart no-bid giveaways to outside developers.
In a saga that never seems to end, the Detroit Police and Fire Retirement System is now on its fourth receiver, as it seeks to recover $10 million from a failed real estate investment. At the same time, one of the receivers deposited recovery funds into his own business account.