[CPEO-BIF] Buick City, Flint, Michigan

[Lenny Siegel <LSiegel@cpeo.org>]

Deal pending for sale of remaining 350 acres at Flint Buick City


By Ron Fonge
MLive (MI)
April 29, 2022


FLINT, MI -- One of the largest privately-held real estate investment companies in the United States has contracted to purchase all of what remains of the old Buick City site -- more than 350 acres of land in the heart of the city.

An official for the trust established to remediate environmental issues and sell properties abandoned by General Motors during its 2009 bankruptcy confirmed that the Buick property is under contract for sale to Ashley Capital, which has a 40-year history of financing and developing industrial properties.

The contract allows Ashley to “prove out its planned investment there, including securing the necessary approvals, accessing the state of Michigan’s tools for attracting new employers, and removing any impediments, for intensive development of the property,” Bill Callen, a spokesman for Revitalizing Auto Communities Environmental Response Trust, said in a statement to MLive-The Flint Journal.

…

For the entire article, see
https://www.mlive.com/news/flint/2022/04/deal-pending-for-sale-of-remaining-350-acres-at-flint-buick-city.html
—

Lenny Siegel
Executive Director
Center for Public Environmental Oversight
A project of the Pacific Studies Center
LSiegel@cpeo.org
P.O. Box 998, Mountain View, CA 94042
Voice/Fax: 650-961-8918
http://www.cpeo.org
Author: DISTURBING THE WAR: The Inside Story of the Movement to Get Stanford University out of Southeast Asia - 1965–1975 (See http://a3mreunion.org)

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