Monday, February 9, 2009

Pontiac, Michigan, eyes cemetery sale

Officials in Pontiac say they have a buyer for two cemeteries, Ottawa Park and Oak Hill. StoneMor Partners, of Levittown, Pa., is offering $475,000. The company owns more than 200 cemeteries across the country.
While residents and history buffs want the town to hold on to these historic site, the town is $6 million in the red and says it costs $300,000 to $400,000 a year in maintenance costs.

1 comment:

Anonymous said...

Hmmm, well that means the buyer can spend any money held from lot owners for maintenance, and sell the property for development. That has already happened in Jackson, MI..
A buyer also bought Cadillac Memorial Gardens near Mt. Clemens and spent the assets. If the cemeteries are sold, you have no control over them. If a cemetery is sold, there is no guarantee it will be maintained if not developed.
Oakhill has a great view and a centralized location!