General Motors’ Buick City, a 360-acre site once home to sprawling automotive production, could soon come back to life with a $23 million investment for renovations. If all goes according to plan, Buick City will become an eco-industrial park.
Crain’s Detroit Business reported on Tuesday that the Charles Stewart Mott Foundation will lead the project with co-investment through the Michigan Strategic Fund. The plans would refurbish 140 acres and bring 300 jobs back to Flint, Michigan.
The industrial park would include environmentally friendly warehousing, packaging and light industrial space, but plans for sprawling green spaces, such as parks, bike paths, and more, are also on the table. The green spaces would connect to the Flint River and surrounding neighborhoods.
Mott plans to contribute $16.5 million to the project, while the MSF plans to handle the other $6.5 million, should everything be in order. MSF has set aside $1 million to carry out its due diligence at the site, and Mott must commit its funds before MSF releases its final investment.