On Tuesday, the East Lansing city council will consider a ballot proposal that could lead to a downtown land sale to the MSU Federal Credit Union.
If the council approves, the sale of land at the northwest corner of Albert Street and Abbot Road to the credit union would go before voters on March 10th. That’s when Michigan’s 2020 presidential primary election will be held.
The property is currently a parking lot next to the Dublin Square Irish Pub and Restaurant.
Credit union president and CEO April Clobes says a downtown building owned by MSUFCU would replace the branch currently leased on Grand River Avenue. “We are intending to have a community room space and several floors of office space for future growth, for some of the other project ideas that we have going on right now," Clobes explains.
The new branch would be five to eight stories tall. “What we’re trying to determine right now is if we can get a better understanding of what we think our future space needs will be," Clobes adds, "as well as the construction cost differences on the floor heights. We haven’t made a decision yet.”
The land has been appraised at $810,000 dollars.
The Michigan State University Federal Credit Union is a financial supporter of WKAR.