A 50-acre parcel in a virtually tax-free Renaissance Zone was transferred to Riverfront Medical Park LLC for $1.00 by the City of Saginaw (9/08). The development group, comprised of two nationally recognized brain surgeons, has agreed to construct a $12 million, 40,000 sq. ft. medical research facility on site. The group has broader plans that include collaboration with multi-specialists group and a tele-medicine center. The group has asked Saginaw Future Inc. to convey its interest in collaborating with other developers/ investment groups that would add momentum and value of the riverfront development. This would include shared use of the land.