The Belle Isle Conservatory needs drastic improvements. The city had promised to spend $1 million restoring its splendor, but has failed to live up to that promise.
The table shown above lists possible values for the sale of land on Belle Isle. These are conservative estimates because they do not take into consideration assets that would come with the island (such as two golf courses) if it were sold to a private investor.
The Detroit skyline graces a good portion of Belle Isle's shore, raising the value of its property. This photo was taken from the bridge of the Detroit Yacht Club, which owns land just off Belle Isle and pays property taxes to the city.
A recent study by Hamilton Anderson Associates, Inc. of Detroit reported that about $180 million is needed for the city to improve Belle Isle. One improvement may be the removal of eyesores such as this abandoned horse stable. A private owner would have incentive to tear this down without a cost to the city.