The tax abatement proposal has been filed with the city.
The abatement would allow the facility to retain all 2,800 workers at the company’s last assembly plant in the city, according to the news outlet.
The City Council was scheduled to set a hearing date on the proposed abatement during its committee meeting yesterday, though we’ve yet to hear when the proposed hearing has been set.
“We don’t have anything official to announce at this time,” GM Spokesperson Tim Wickham told the news outlet on Wednesday.
According to a staff review of the documents, GM proposes to “construct a new body shop addition and other smaller related assembly additions to support the assembly facility,” and “construction is expected to get underway in fall of this year, with completion scheduled for December 2018.”
Mayor Dayne Walling currently supports GM’s proposed abatement.
“It’s a good sign GM is continuing to look at Flint for additional investments,” Walling told MLive. “It says a lot about the quality coming out of the Flint Assembly plant.”
GM’s proposal asks for 50 percent tax abatement on the proposed renovations, which would end up costing the city and other tax entities about $1.9-million in the first year, according to the news outlet. However, GM’s taxes would also increase $2.4-million in the same year.
Currently, there is no indication of how long the tax abatement would continue if green lit.
If GM moves forward with the renovations, the construction would mark the third time in as many years GM has dumped money into Flint.