Interested in developing a resort in Northern Michigan? According to a report presented at the Leelanau county Government Center last Friday (Jan 5) $40 million dollars is the investment needed for the Sugar Loaf Resort in Cedar.

From the Leelanau Enterprise:

"A plan is now in place for someone – anyone – to redevelop Sugar Loaf Resort resort from the “brownfield” that it currently is into a new “resort center” for Leelanau County. The estimated capital investment required will be around $40 million, according to consultants who drafted a “Brownfield Plan” for Sugar Loaf on behalf of the Leelanau County Brownfield Redevelopment Authority (LCBRA).

Officials from the engineering consulting firm AKT Peerless presented a series of reports for review by the LCBRA at a meeting Friday at the county Government Center. The centerpiece “brownfield” plan indicates that it will cost more than $2.5 million just to clean up what remains of the decaying resort, including more than $893,000 in demolition costs. Most of those costs, however, are “reimbursable” through state and federal grants if the developer is working through the LCBRA."

To read the full article, click here.

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Photo: Anyone home? by Dr. Farnsworth.