July 6, 2006

Dearborn stands to lose millions on property deal

The city of Dearborn faces a $3.15 million loss on the sale of an abandoned Montgomery Ward's site, which Mayor Michael Guido pushed the purchase of last year. The property was purchased from a group that included Talal Chahine, a political backer of the mayor who is now wanted by the federal government for tax evasion. John Dolan, WSU law professor, points out that the federal government is really in the driver's seat: they've prevented anyone from dealing with that property without getting the government into the negotiations.

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