Crain’s Detroit Business is reporting that M1 Concourse LLC has amassed most of the $40 million it needs to redevelop an 80-acre former General Motors validation facility in Pontiac, Michigan for the sake of converting it to a recreational test track and automotive event complex.
According to Bradley Oleshansky, CEO and co-owner of M1 Concourse, the M1 Concourse hopes to break ground on the project in the October/November 2013 time frame, after gaining the necessary approval from the U.S. Environmental Protection Agency (EPA) and finishing some engineering studies. If all goes according to plan, phase 1 construction should be complete in time for the 2014 Woodward Dream Cruise. This will include a restaurant and retail space, an office building and at least 40-60 car “condominiums” — which are climate-controlled storage bays for auto enthusiasts, with a loft space and bathroom included. Awesome, awesome, awesome.
To make things even more awesome, the finished project will also include an automotive test track, an exhibition area and a 7,000-square-foot member clubhouse and a total of 338 aforementioned car condos– all of which would be finished from 2-3 years time.