February 10, 2020
Source: Jackie Smith and Bryce Airgood
Department: Port Huron Times Herald
It's been nearly a year since the developer behind the St. Clair Inn and the Hotel Harrington in Port Huron announced he planned to buy the old Mighty Marysville property.
But local officials said the development team may still need more time before the purchase is finalized, and at least part of the reason could be continued environmental assessment on the site.
"I believe (developers) have asked for another 30- to 60-day extension," said Marysville City Manager Randy Fernandez.
California attorney Jeff Katofsky unveiled his purchase plans during the March 2019 State of the County event, adding he hoped to breathe new life into the riverfront property that formerly housed the old DTE coal plant with a mixed-use commercial and residential vision paralleling that of local community leaders.
On Jan. 31, Fernandez said he had gotten an update from Rick Barreca, Katofsky s business partner, and an official with the Missouri-based Commercial Development Co., which still owns the site through its entity CDC Marysville.
Zoned for planned unit developments, proposals for the site would have to go through Marysville's city planning approval processes, and officials have been involved in conceptual discussions since before the old plant's 2015 implosion.
Although he expected them to still be "very much interested" in the site, Fernandez said they might "need to scale back" any future project and draw up new plans.
On Thursday, Katofsky said they were, indeed, "still enthusiastic about it."
"But it's going to look different," he said. We're not quite sure what it's going to look like and it all depends on what that dirt looks like and where the lines are drawn on the property to what we can do where."
Read the entire article St. Clair Inn developer may need more time to finalize Mighty Marysville purchase.