Pfizer leaving Ann Arbor is a sober reminder of the market in Ann Arbor. To read an article about the future of Pfizer published on mlive.com read here.
Pfizer's Ann Arbor campus is 2 million square feet of laboratory, production and office space spread across 25 buildings and set on 177 acres, a prime location situated in northeast Ann Arbor. According to city records, the market value of its property - calculated by doubling its state equalized value - is more than $300 million.
If the economy was strong it is suggested it could be a regional shopping area. But, that is just not the case at this time. With over 76 million invested the last few years to add on it is highly unlikely that they will be able to make out like bandits in the sale. Let's hope the Governor of MI, and Mayor of Ann Arbor and the Pres of U.M. can come up with some formidable solutions to save jobs, keep the highly skilled professionals and encourage the entreprenural spirit. I sure will be glad when we have spell check, Matt and Caleb
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