For the media
RACER Trust presented AUCH Construction with the second RACER’s Edge Award for redevelopment excellence at the 2019 National Brownfields Training Conference. (L-R) Bruce Rasher, RACER Redevelopment Manager; Patricia Spitzley, RACER Deputy Redevelopment Manager and Director of Government Relations; RACER Trustee Elliott P. Laws; AUCH Construction President and CEO Vince DeLeonardis; Pontiac (MI) Mayor Dr. Deirdre Waterman; AUCH Construction project manager Jacob Munchiando; and RACER Transaction Manager Steven Black.
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Latest Racer News
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Jan 15, 2014
Statement from RACER Trust Regarding Donation of Land to City of Anderson, IN
RACER Trust is pleased to announce the donation of several parcels of land to the City of Anderson for continued use as a recreational resource. The donation includes Crawford Field, the longtime home of Anderson Babe Ruth Baseball, near the intersection of Dr. Martin Luther King Jr. Boulevard… -
Feb 04, 2014
Mayor Bert Steinmann and the Ewing Township Redevelopment Agency Announce Designation of Lennar Ewing, LLC as Redeveloper for Portion of Parkway Avenue Redevelopment Area
News Release from Ewing Township, NJ, February 4, 2014 Mayor Bert Steinmann and the Ewing Township Redevelopment Agency announced today that the Redevelopment Agency has designated Lennar Ewing, LLC, an affiliate of Lennar Corporation, as the redeveloper of the former General Motors site on… -
Mar 06, 2014
RACER Trust Announces Sale of Former GM Livonia Powertrain Plant to Schostak Brothers & Company
950,000-Square-Foot Building Expected to Attract Multiple Business Tenants LIVONIA, MI — RACER Trust today announced it has sold the former GM Livonia Powertrain Plant in Livonia, MI, to Schostak Brothers & Company, Inc., a fourth-generation commercial real estate company… -
Apr 01, 2014
Carl Garvey Named General Counsel of RACER Trust
DETROIT — Carl Garvey has been named General Counsel of RACER Trust, effective today. Mr. Garvey previously served RACER as a Deputy General Counsel and Acting General Counsel. His duties at RACER include providing legal guidance and advice on all Trust activities; engaging… -
Apr 21, 2014
Rebirth of America's Dead Factories
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Jul 29, 2014
How Much Cleaning Up Brownfields is Really Worth
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Aug 04, 2014
How Do Detroit's Parolees Fit into the City's Revitalization?
Cliff Lewis, center, RACER’s Site Manager for the former Willow Run Powertrain Plant property, poses with Goodwill Green Works employees who are helping to remove dismantled equipment from the property. For Michigan Radio’s report on Green Works, please click here. -
Aug 04, 2014
RACER Trust Announces Agreement to Sell Former GM Indianapolis Plant Property to REI Investments
INDIANAPOLIS — RACER Trust today announced it has reached an agreement to sell the former GM Indianapolis Stamping Plant property to REI Investments, an Indianapolis-based company that will prepare the property for redevelopment and reuse. The property totals… -
Aug 06, 2014
RACER Trust Completes Sale of Former GM CVO Facility to International Turbine Industries
Move Expected to Result in 25 New Jobs for Aircraft Maintenance Company DETROIT — RACER Trust has announced completion of the sale of its Company Vehicle Operations (CVO) property in Ypsilanti Township, MI, to International Turbine Industries (ITI). ITI, an aircraft maintenance… -
Aug 06, 2014
CVO Remediation Team Earns EPA Honor
DETROIT — A team of professionals from the Michigan Department of Environmental Quality and U.S. Environmental Protection Agency were presented a National Notable Achievement Award from the EPA Office of Solid Waste and Emergency Response for their… -
Aug 07, 2014
M1 Concourse Completes Purchase in Pontiac
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Aug 26, 2014
AMERICAN Cast Iron Pipe Company Begins Redevelopment of Buick City
Construction is under way on AMERICAN Cast Iron Pipe Company’s 180,000-square-foot facility at the former Buick City site in Flint, a project that is expected to create up to 60 new jobs and provide the infrastructure for a major new waterline in region. AMERICAN is the first company to… -
Sep 11, 2014
Lennar Breaks Ground in Ewing
To view story, please click here. -
Sep 18, 2014
RACER Trust Honors Perras Environmental Control for Safe, Successful Remediation Work in Massena
St. Lawrence Co. Firm Completes 72,000 Safe Hours over 16 Months Dan Casey, Remediation Construction Manager for ARCADIS; Jeffrey Tyo, President of Perras Environmental Control Inc.; Brendan Mullen, RACER Trust New York Cleanup Manager. MASSENA, NY — RACER Trust today… -
Sep 25, 2014
Brownfields 2015 Brings Focus on Sustainability and Redevelopment to Chicago
Join staff of RACER Trust and thousands of other stakeholders and practitioners from the private and public sectors at Brownfields 2015, the nation’s premier conference and trade show focused on environmental revitalization and economic redevelopment. The 16th National Brownfields… -
Oct 30, 2014
RACER Trust Announces 10-Year Lease Extension with Roth Global in Salina Industrial Powerpark
SALINA, NY — RACER Trust today announced that Roth Global Plastics, a leading manufacturer of blow-molded polyethylene residential septic, cistern and rainwater tanks, has signed a 10-year lease extension for space at Salina Industrial Powerpark. The extension marks the… -
Nov 10, 2014
RACER Trust, NorthPoint Development Agree to Terms for Sale of Industrial Land in Lordstown, OH
Kansas City Firm Expected to Develop Industrial Park on 173.5 Acres; Second Transaction Between RACER and NorthPoint LORDSTOWN, OH — RACER Trust today announced it has reached an agreement with NorthPoint Development for the purchase and development of 173.5 acres… -
Nov 24, 2014
RACER Trust Sells Land in Flint, MI, to Kettering University
FLINT, MI — RACER Trust today announced it has sold a strip of land between the Flint River Trail and North Chevrolet Avenue to Kettering University, which is immediately west of the parcel. The land is near the C.S. Mott Center. “Although the parcel of… -
Dec 02, 2014
RACER Trust Announces Sale to Wayne State University
DETROIT — RACER Trust today announced it has sold property in Detroit to Wayne State University, which will use it to support development of a $93 million Integrative Biosciences Center (iBio) in the city’s TechTown District. The 1.4-acre paved property at 6241 Cass… -
Dec 10, 2014
RACER Trust Reaches Agreement with Ashley Capital for Sale of Industrial Land in Livonia, MI
LIVONIA, MI — RACER Trust today announced it has reached an agreement with Ashley Capital, LLC, for the purchase and redevelopment of the former GM Delco Chassis property near Interstates 96 and 275 in Livonia. Ashley Capital, which manages approximately 22 million square… -
Dec 17, 2014
RACER Trust Reaches Agreement with IRG for Sale of Buildings and Land in Pontiac, MI
PONTIAC, MI — RACER Trust today announced it has reached an agreement with Industrial Realty Group (IRG) for the purchase and redevelopment of more than 1.7 million square feet of building space and approximately 154 acres in Pontiac. IRG is under contract to purchase…