BURTON, MI -- General Motors has been named as the company behind a secretive $45 million industrial development near the corner of Genesee and Davison roads in Burton.
Mayor Paula Zelenko said Monday night that the 141-acre parcel recently purchased for $268,000 by Riverdale, Missouri-based NorthPoint Development was for a potential new GM facility.
Details on the company behind the deal have not previously been released.
Zelenko has said the company interested in the location is on the Fortune 500 list, but she had remained tight-lipped due to a non-disclosure agreement that came with the sale of the city-owned property.
Burton land sale clears way for potential Fortune 500 development
A purchase agreement of $268,000 was reached during a closed session with Riverside, Missouri-based NorthPoint Development for the 140-acre parcel that's been owned by the city since June 2016.
A site plan was unanimously approved during an April 10 planning commission meeting.
The new facility is not yet a done deal.
General Motors is eyeing another potential site, according to Brent Miles, Northpoint's vice president of economic development, He has said a decision is expected in the coming weeks.
James Cain, spokesman for General Motors, said the company is "working with state and local officials to explore a tax abatement to support a potential construction project in Burton."
"Although the company has not committed to the project, GM is developing a business case that could bring a new state-of-the-art facility to the community that will help us satisfy our customers," he added.
Zelenko was not able to offer any additional comments on the facility.
Up to 800 jobs are expected to come along with the development on two shifts at the 1.1 million square-foot structure, which is proposed to include hundreds of parking spaces for vehicles and semi-trailers and more than 80 loading docks.
Approved $45M 'Project Fusion' could bring up 800 jobs to Burton
The name of the company behind the project still has not be revealed.
The company has applied for an industrial facilities exemption certificate that allows for a tax abatement at a new or replacement facility for no more than 12 years.
A public hearing is scheduled during a 6 p.m. May 7 special council meeting to discuss potential approval of the certificate by the city.
The abatement covers property taxes and personal property assets within a facility, such as machinery, computers and hardware.
Final approval of a tax abatement for a business must come from the State Tax Commission.
Developer seeking tax cut district for potential Burton Fortune 500 development
NorthPoint Development struck a $268,000 purchase agreement with the city in mid-January on 140 acres of property near the intersection of Genesee and Davison roads, with the company planning to build in the area still unnamed.
Source : https://www.mlive.com/news/flint/2018/04/general_motors_named_as_potent.htmlThanks for visit my website