Wayne County, which has owned the 40-story skyscraper for about a decade, says that it had $487,400 in net revenue from the property in fiscal 2017-18, which ran from Oct. 1, 2017 to Sept. 30. That’s on roughly $4.3 million in revenue and $3.8 million in expenses.
And that’s compared to $3.39 million in revenue in FY 2014-15 with net revenue of $203,500, the county said. In fiscal 2015-16, it lost $62,800 and just barely broke even with $18,500 in net revenue in fiscal 2017-18.”
Read the full story on CrainsDetroit.com
