The Michigan Strategic Fund (MSF) has requested $1 million from the Michigan Community Revitalization Program to acquire the former site of the Buick City auto plant in northeast Flint and convert it into an industrial park, featuring walking and bike trials.
Incorporating an additional $5.5 million equity investment from the MSF Investment Fund in BC Leasing LLC would allow development and operation of the property, consisting of more than 360 acres at East Hamilton Avenue near East Baltimore Blvd.
Closed since 2010, the plant was used for vehicle production for more than 100 years and was transferred to the RACER Trust as part of General Motors bankruptcy.
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