Ashley Capital welcomes the announcement of a $5.9 million grant for the Flint Commerce Center in Flint, Michigan from Governor Gretchen Witmer and the Michigan Economic Development Corporation (MEDC). The grant funds are targeted toward replacing and rerouting 100-year-old public storm and sanitary sewers on the former Buick City site.
“I applaud the Michigan Economic Development Corporation’s decision to allocate $5.9 million for resolving a crucial storm sewer issue at Buick City,” said Sen. John Cherry. “Overcoming this obstacle has been instrumental in advancing the redevelopment of Flint’s largest brownfield site, and I look forward to the economic opportunities its completion will bring to Flint and Genesee County.”
The first phase of the Flint Commerce Center, a state-of-the-art 330,000 square foot light industrial building, is scheduled to be completed by the end of the first quarter of 2024. The next phase of work will involve rerouting of the sewers and removal of old building slabs, utilities, and foundations on a portion of the site to prepare the ground for construction of future next buildings.
According to Susan Harvey, Senior Vice President for Ashley Capital, “State Senator John Cherry (D-Flint) was instrumental in securing this additional funding which will greatly improve the storm and sanitary infrastructure for this area”. Harvey added that “Ashley Capital appreciates the engagement and support from the Mayor Neely and the City of Flint, Genesee County, the Flint & Genesee Economic Alliance, Mott Foundation, RACER Trust, and the State of Michigan. The redevelopment of this complex brownfield site would not be possible without a strong public-private partnership.”