Cleanup Mission: How We’re Doing It
Environmental cleanups to address historic contamination were required at about 60 former GM locations that were transferred to RACER Trust when it was formed. In most cases, these properties can be sold or leased even before cleanups have been started or completed, provided RACER Trust is guaranteed access for cleanup activity.
RACER is working with state and federal regulatory agencies to achieve comprehensive, thorough and effective cleanups. Our goal is to obtain "No Further Action" letters from the regulatory agencies for all locations where cleanups are needed. RACER Trust was provided with nearly $500 million to conduct these investigations and cleanups.