‘Magic’ at State Fair
Lansing native Earvin “Magic” Johnson and business partners, Marvin Beatty and Joel Ferguson, could soon begin development on 157 acres of land at the old State Fair Grounds. Developers say the project includes more than retail, as they are considering single-family and senior residential housing. The site plan also includes a movie theater, entertainment venues and preservation of some historic buildings. The State Land Bank officials unanimously approved the sale of the fairgrounds property Oct. 2 for $4.65 million. No money was paid up front. The trio will repay the state out of future revenues. The sale of the land wipes out $1 million annual cost to the city to maintain the site and puts it on the tax rolls.