The RACER Trust: Empowering America's Auto Communities

Cleaning up and positioning for redevelopment former GM properties in 14 US states

RACER Sells Facilities in Ohio, Michigan

Sales by the RACER Trust set stage for
new job creation and economic growth

July 6, 2011 — Three former General Motors Corp. properties in Ohio and Michigan have been sold in separate transactions, with each of the purchasers planning to redevelop the sites to bring new jobs and economic opportunities to their respective communities.

The properties were sold by the RACER Trust, created in March by the U.S. Bankruptcy Court to clean up, position for redevelopment and sell 89 former GM locations in 14 states.

“The mission of the RACER Trust is to help revitalize America’s auto communities by bringing new jobs and economic opportunity,” said Elliott P. Laws, the court-appointed trustee of The RACER Trust. RACER stands for Revitalizing Auto Communities Environmental Response.

The properties are located in Parma and Moraine, Ohio, and Wyoming, Mich.

Click here to read the full RACER announcement.

5/10/2012 - RACER Trustee Elliott Laws Presents at Federal Reserve Bank Conference "Reinventing Older Communities"

2/14/2012 - RACER Trust's Bruce Rasher named Chairman, President and CEO of National Brownfield Association

2/13/2012 - Spotlight: Anderson Plant Lighted the Way For GIs

2/8/2012 - RACER's Bruce Rasher appears on Green Sense Radio Show

1/17/2012 - RACER Trust Honors Brandenburg Industrial Service Co. for Safe Work Performance at Massena Site

1/16/2012 - Spotlight: From Red Brick Factory Walls to Golf Course Green

12/26/2011 - Flint Journal reports: Multiple companies discussing buying part of Buick City

12/9/2011 - Report: Repurposing Former Automotive Manufacturing Sites

12/8/2011 - NY Times Story: Developers Revive Closed Auto Plants

12/8/2011 - Spotlight: Syracuse Industrial PowerPark - From Parts To Multi-Manufacturing

12/5/2011 - RACER Trust Engages Tetra Tech to Continue Ontario Property Cleanup

11/3/2011 - Former White House Aide Joins RACER Trust Team

11/1/2011 - Industrial Contractor Buys Former
GM Facility in Pontiac to Expand Operations

10/24/2011 - RACER Official to Lead National Conference Panel on Investment Opportunities

10/12/2011 - Spotlight: Ewing Plant Built Avenger Bombers

9/13/2011 - Spotlight: Rosie the Riveter Worked at Willow Run

8/12/2011 - Massena Incident Wonʼt Slow RACER Progress

8/9/2011 - Crain's Detroit Business Profile of RACER Trust

7/25/2011 - Former GM Property in Pontiac to be Redeveloped

7/8/2011 - MEDA Annual Meeting

7/6/2011 - RACER Sells Facilities in Ohio, Michigan

6/28/2011 - Former MI Official Selected for Key Role at RACER

6/20/2011 - Veteran Economic Development Leader Directing RACER Redevelopment Initiative

6/20/2011 - Rasher to address Michigan Economic Developers Association Conference

6/13/2011 - RACER Participates In Mayor's Automotive Coalition Webinar

5/10/2011 - Bruce Rasher Provides Expert Analysis

4/29/2011 - Important Announcement Concerning Environmental Contractors

4/5/2011 - Laws Presents at Brownfields

3/31/2011 - RACER Trust Formation Announced

10/20/2010 - US: Settlement with GM on Environmental Liabilities

10/20/2010 - US Settles With GM on Environmental Liabilities

10/20/2010 - White House Announces Trust to Cleanup and Repurpose 89 Former GM Properties