Former Bay City Official Joins RACER Trust Team

Steve Black is Former Deputy City Manager for Bay City, MI

YPSILANTI, MI — Steve Black, a former Deputy City Manager for Bay City, MI, has joined the RACER Trust as Transaction Manager.

RACER, created by the U.S. Bankruptcy Court in 2011, took ownership of 89 former GM properties across 14 states. RACER is cleaning up, and positioning for redevelopment and sale, the properties left behind in GM’s 2009 bankruptcy.

Mr. Black will work with communities and economic development officials to help facilitate property transactions. He has extensive experience in economic development, having served for the last eight years as Deputy City Manager of Community Development for Bay City, and prior to that as Vice President of Saginaw Future, Inc. He started his career in economic development and public service as the Coordinator of the Bridgeport Township Downtown Development Authority in Bridgeport, MI.

“Steve has a tremendous track record of bringing complex projects to fruition, and he will be a wonderful asset to the RACER team,” said Elliott P. Laws, the Court-appointed Trustee of the RACER Trust.

Mr. Black said he is looking forward to the challenges of his new position. “I’m so pleased to be a part of the team that is helping to revitalize these auto communities, not just in Michigan, but across the country,” he said.

With more than 44 million square feet of industrial space in 66 buildings on 7,000 acres when it was formed, RACER is one of the largest holders of industrial property in the United States and the largest environmental response and remediation trust in U.S. history.