billyworld99
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-9-2010) Gary, Indiana, birthplace of Michael Jackson and all of his famous siblings, might miss its second deadline for turning property over to developers of a museum honoring the King of Pop his family this week.
Corporation Counsel, Susan Severtson, said Jackson Family Foundation President Simon Sahouri has been in town with his team this week and the transfer should happen "very shortly."
"The process is moving forward," Severtson said.
Gary's Board of Public Works and Safety gave its blessing three months ago to a deal in which the city promised to transfer five parcels of Glen Park property to the Jackson Family Foundation. The deal was signed by Sahouri and Jackson's parents, Katherine and Joe Jackson.
They promised to build a $300 million entertainment complex including a Michael Jackson Performing Arts Center on the site however, Michael Jackson's estate has not sanctioned those plans.
The original deadline for close of escrow on the transfer was 30 days after the deal was executed on June 2 but, the city approved a time extension in July allowing for another 60 days.
That new deadline passes this week, and county records show the land still has not changed hands. The parcels in question include Gilroy Stadium and parts of South Gleason Golf Course.
Gary has been waiting for the Jackson Family Foundation to finalize its not-for-profit status before transferring the land. Severtson said Gary might approve another time extension if the transfer doesn't happen ahead of the current deadline.
Source: MJFC / post-trib.com
Corporation Counsel, Susan Severtson, said Jackson Family Foundation President Simon Sahouri has been in town with his team this week and the transfer should happen "very shortly."
"The process is moving forward," Severtson said.
Gary's Board of Public Works and Safety gave its blessing three months ago to a deal in which the city promised to transfer five parcels of Glen Park property to the Jackson Family Foundation. The deal was signed by Sahouri and Jackson's parents, Katherine and Joe Jackson.
They promised to build a $300 million entertainment complex including a Michael Jackson Performing Arts Center on the site however, Michael Jackson's estate has not sanctioned those plans.
The original deadline for close of escrow on the transfer was 30 days after the deal was executed on June 2 but, the city approved a time extension in July allowing for another 60 days.
That new deadline passes this week, and county records show the land still has not changed hands. The parcels in question include Gilroy Stadium and parts of South Gleason Golf Course.
Gary has been waiting for the Jackson Family Foundation to finalize its not-for-profit status before transferring the land. Severtson said Gary might approve another time extension if the transfer doesn't happen ahead of the current deadline.
Source: MJFC / post-trib.com