Est. 1998
Gary May Miss Deadline
Gary, Indiana might miss its next deadline for turning property over to developers of a museum honouring Michael and his family this week. Corporation Counsel, Susan Severtson, said the Jackson Family Foundation President, Simon Sahouri, has been in town “with his team,” and added that the transfer should happen “very shortly.”
Gary’s Board of Public Works and Safety gave its blessing three months ago to a deal in which the city promised to transfer five parcels of Glen Park property to the Jackson Family Foundation. It was signed by Sahouri and Michael’s parents. They promised to build a $300 million entertainment complex including a Michael Jackson Performing Arts Center on the site.
Michael’s estate has not, as yet, sanctioned the plans.
The original deadline for close of escrow on the transfer was thirty days after the deal was executed on June 2nd. However, the city approved a time extension in July allowing another sixty days for the transaction to happen. That deadline passes this week and county records show the land hasn’t changed hands. The parcels in question include Gilroy Stadium and parts of South Gleason Golf Course.
Gary has been waiting for the Jackson Family Foundation to finalise its not-for-profit status before transferring the land.
Severtson said Gary might approve another time extension if the transfer doesn’t happen ahead of the current deadline.
Source: posttribune.com & MJWN
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