AP NEWS

Wayne County closes on sale of former horse racing site

December 22, 2019 GMT

HURON TOWNSHIP, Mich. (AP) — Wayne County has closed on the sale of a former horse racing track southwest of Detroit for $4.9 million.

Plans for the Pinnacle Aeropark property in Huron Township call for two warehouse or storage-type buildings that will total more than 600,000 square feet (55,741 square meters), according to the county.

The Wayne County Commission approved the sale Oct. 3. HS Commerce 275 has agreed to invest $40 million into the property within five years. The site includes the foreclosed 300-acre (121-hectare) Pinnacle Race Course site and 350 acres (141 hectares) of county-owned land.

“This property is perfectly situated for mixed-use industrial development to drive commercial investment,” said assistant county executive Khalil Rahal.

In 2016, structures and debris on the site of the race course parcel were removed following an agreement between the county and the property’s then-owner to clear the site.

“Given the proximity to the airport and the expected growth of the logistics industry, we think potential tenants will be as interested and excited about this project as we are,” said County Executive Warren Evans.

The airport is in nearby Romulus.