theTICKER
Traverse City News and Events
Tuesday, May 21, 2013
Today's News
Share | RSS Feed  

Homestead President Buys Leelanau Hills Property

October 9, 2012
Homestead President Buys Leelanau Hills Property

The winning bid in a tax forfeiture auction of the ill-fated Leelanau Hills property, profiled in a recent Ticker story, was cast by Robert Kuras, president of The Homestead resort in Glen Arbor. The Leelanau Enterprise reports that Kuras' winning bid was $123,000. It includes an estimated 50 acres, including 92 building lots. The parcels are part of a 240-acre development that became the property of Leelanau County in April 2012 when the former owner failed to pay $159,000 in 2008 and 2009 property taxes. Because Kuras' property is part of a planned unit development, it would need to be developed according to the existing development agreement, or the agreement would need to be modified – a challenge because other portions of property within the development are owned by a handful of others, including individuals and a mortgage speculation firm, who would have to agree to changes.

Most Recent Comments

 
Local Resources
Classifieds

Classifieds

Real Estate

Real Estate

Obituaries

Obituaries

Marriages

Marriages

New Businesses

New Businesses

 
More News
Is Local Golf Scene on the Upswing Again?
Is Local Golf Scene on the Upswing Again?
Two Ticker Announcements
Two Ticker Announcements
TC Gets Virtual History Tour
TC Gets Virtual History Tour
Free Pass for Yard Waste
Free Pass for Yard Waste
Meet The New Traverse City Manager
Meet The New Traverse City Manager
ER Schools Achieve International Baccalaureate Status
ER Schools Achieve International Baccalaureate Status
Cancer Survivors Celebrate with Picnic
Cancer Survivors Celebrate with Picnic
Celebrating Traverse City's Burgers
Celebrating Traverse City's Burgers
your ad here