New tenant for studio

Sunday Times Newspapers

ALLEN PARK – The city’s troubled movie studio property is getting a new tenant.

The city council approved Tuesday a two-year lease to NADA Innovations for a 1,000-square-foot portion of the former studio property.

Councilors voted 6-1 in favor of the move, with Councilman Harry Sisko dissenting.

The company will pay $8.50 per square foot for two years for the second-floor board room, part of a suite once used by businessman Sam Danou, from whom the city bought the 104-acre property for $24.8 million in 2009 to house Unity Studios, which pulled out of the complex in 2010 after a year, leaving the city with $2 million in annual subsidies for the property.

Since then, the city has rented out small portions of the property and kept on a few long-term tenants like Stautzenberger Institute, but the property has been left largely vacant.