racer trust

Steve Carmody/Michigan Radio

The announcement this week that an Alabama company plans to build a pipe factory in Flint could help spur further investment in a former General Motors site there.

The 235 acre Buick City site is being marketed by the Racer Trust. The trust was set up to sell off abandoned General Motors properties. American Cast Iron Pipe is the first company to invest in Buick City.

Elliot Laws is with the Racer Trust. He says they’ll be blasting news of American’s plans to build in Flint to other potential investors…

Steve Carmody/Michigan Radio

The man leading the effort to clean up and dispose of General Motors’ vacant properties says more potential buyers are showing interest.

Elliot Laws is the Administrative Trustee of the RACER Trust.   RACER stands for “Revitalizing Auto Communities Environmental Response.”  The trust was created during GM’s bankruptcy.

Laws says interest in the old GM plant sites is rising along with the economy.

“There’s a lot of cash out there for people to invest,” says Laws, “They’ve been holding onto trying to see what’s going to happen.”

Steve Carmody/Michigan Radio

Officials from Lansing and Flint are hoping a conference this week will help convince investors to redevelop some former General Motors auto plant sites.

Local leaders will meet with federal and state officials in Lansing Wednesday to discuss how to revitalize former auto plant sites in their cities. The group is going on a bus tour of the sites in Lansing this afternoon.