“What’s the vision — both short term and long term — going to be for this corridor,” he said. “It’s a function of timing right now.”

East Lansing doesn’t have the authority to authorize a redevelopment because the club is on the city’s border.

Since January 2007, The Dollar Nightclub, 3411 E. Michigan Ave., has been vacant.

But with two developers competing to redevelop the property, the area could be on its way to rejuvenation.

Eric Schertzing, chairman of the Ingham County Land Bank, said two redevelopment proposals for the former club have been introduced.

One proposal calls for the demolition of the building and the creation of apartments, and the other to redevelop it as a restaurant, Schertzing said.

An Ingham County committee will evaluate the proposals and make a recommendation on what plan should be pursued, Schertzing said. The proposal will then go before the land bank for approval in May.

Schertzing said he views the apartment proposal as the better of the two.

“It’s a very highly traveled, attractive corridor,” he said. “The apartments could be largely, but not exclusively, marketed toward upper-level college students.”

Rebecca Bahar-Cook, who sits on the Ingham County Land Bank’s board, said she favors the restaurant.

“It’s going to give people another place to go on a game day,” Bahar-Cook said. “I think it’s going to be another bar and restaurant for people in their 20s and 30s.”

The council also decided to further review the creation of a district for fraternities and sororities.

The city has recommended creating a historic district for 13 existing fraternities and sororities. The houses were chosen based on their age and architecture.

Ron Springer, East Lansing’s historic district commissioner, said the district will restrict the development of the houses to changes that are consistent with the houses architecture.

“When you make changes, they have to go in front of the (Historic District Commission),” Springer said. “There’s a right way to do things.”

Along with eight other students, urban and regional planning senior Joe Manzella participated in a study examining what properties should be included in the district.

Because of the properties’ architectural significance, preservation is essential, said Manzella, who also is the president of the MSU chapter of the Lambda Chi Alpha fraternity.

“I think the greek people that live in the older houses have a strong connection to history,” he said. “This is a way I can hang onto that history and pass it down.”