Duane Faust wants to take the 'mystery' out of his project

John Bumgardner
WZZM, MI
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Atlanta (US):
There's new information about a proposed development along the Grand River in Grand Rapids. A company called The Grand Rapids Development Corp. owned by Duane Faust sent the city a letter on May 19th expressing interest in 15.8 acres of city owned land.
Today Faust's company released documents they hope will support their claims of jobs and growth coming to the area because of the River Grand project.
“In addressing questions from the task force, we wanted to go a step further in ‘demystifying' The River Grand, and show the community the depth we can bring to Grand Rapids if selected to provide a full proposal,” says Faust.
Faust's company is seeking to develop 36 acres in downtown Grand Rapids. Under his proposal 25% would turn into housing, 25% would be office space, 35% allotted to retail and entertainment and 15% general development. The total investment promised by Faust is projected to be between $1.5 billion and $2.5 billon dollars.
June 08, 2006