Just in Time Access to Rail Solar Powered Remediation

RACER Trust: Empowering America's Auto Communities

Commercial and Industrial Properties That Are Primed for Sale and Development

RACER Event Focused on Jobs, Redevelopment Draws More Than 200 to Willow Run

More than 200 private investors, consultants, public officials, remediation experts and economic development leaders gathered at the historic Willow Run Powertrain Plant on June 20 to learn about and discuss opportunities for job creation and revitalization at former General Motors properties in 14 states.

The meeting, sponsored by the RACER Trust, featured a keynote address by Jay Williams, Executive Director of the U.S. Department of Labor’s Office of Recovery for Auto Communities and Workers; panels on RACER’s redevelopment initiatives and cleanup activities at 89 former GM properties, including participation by Mathy Stanislaus, Assistant Administrator for the U.S. Environmental Protection Agency’s Office of Solid Waste and Emergency Response; information displays on select RACER properties; and abundant networking opportunities.

Willow Run, where the iconic Rosie the Riveter worked during World War II, is among the properties shed by GM as part of its 2009 bankruptcy. The RACER (Revitalizing Auto Communities Environmental Response) Trust was created last year by the U.S. Bankruptcy Court to clean up and position for redevelopment properties and other facilities owned by GM before its bankruptcy. When the RACER Trust was formed, it owned more than 44 million square feet of industrial space in 14 states, principally in the Midwest and Northeast.

Already, RACER has sold 19 properties, including five for $2 million or more.

Willow Run, the largest of the former GM manufacturing facilities at more than 5 million square feet, produced 82 million automotive transmissions. It currently serves as RACER’s headquarters.

RACER’s mission is both to clean up legacy contamination where necessary and to prepare the properties for economic renewal. Potential for job creation and other local benefits, the views of the community and the ability to carry out safe, effective and efficient cleanups are among the criteria RACER considers when evaluating sales and redevelopment opportunities.

“RACER has a great challenge in front of us, but we have a greater opportunity,” said Elliott Laws, RACER’s Trustee. “And with the help of many of the people in this room, I think we’ll meet both. Everyone on the RACER staff views this not just as a job but as participating in something that will help people. There’s a little spark in all of us who recognize that we’re doing something special. We recognize that the communities that we’re dealing with have gone through something that is nothing short of disastrous, and we’ve got an opportunity with each one of our sites to try and make it a little better.”

Michael Hill, RACER’s Chief Operating Officer and General Counsel, said RACER’s focused mission enables it to deal transparently and efficiently with all stakeholders — investors, community leaders and regulators.

“The RACER Trust is dedicated to doing the cleanup and has no competing alternatives or incentives whatsoever,” Mr. Hill said. “Our only purpose here is to clean up and redevelop these properties, and bring jobs and other community benefits.”

Mr. Williams, the former Mayor of Youngstown, Ohio, praised RACER for its efforts to partner with community leaders in determining future uses for local properties.

“The RACER Trust gives local communities the opportunity to participate in designing the strategy for repurposing these properties in accordance with their specific development objectives, using the funds to properly clean them up and quickly return them back to productive use,” Mr. Williams said.

Mayor Dayne Walling of Flint, Mich., who participated on the redevelopment panel, said, “The RACER Trust really was able to hit a reset button and start new relationships so we knew that the sites (in Flint) were going to have aggressive cleanup plans first and foremost, and then we were going to have an honest and genuine dialogue about what the proper purpose of these sites would be. The RACER team has been very accessible, very engaged and very helpful in terms of providing information and feedback, and we’ve made more progress in the last 12 months or so on our Buick City corridor, our largest concentration of former GM sites, than had been made in the 10 to 20 years before that.”

11/01/2017 - RACER Trust Sells Property in Romulus, Mich., for Industrial Park Development

10/4/2017 - Expo at Salina Industrial Park to Celebrate Manufacturing in Central New York

09/07/2017 - Auch Construction Celebrates Groundbreaking for New Headquarters Building in Downtown Pontiac

08/28/2017 - Lear Corporation to Build at Buick City

05/26/2017 - MDEQ video series highlights Bay City

5/4/2017 - RACER Trust, idX Corporation Complete Sale of Former GM Manufacturing Plant in Spotsylvania County, Va.

05/02/2017 - RACER Trust Selects Ambrose Property Group for Transformative Development at Former Indianapolis Stamping Plant Property

2/22/2017 - RACER Trust, George W. Auch Company Complete Transfer of University Drive Property in Pontiac, Mich.

2/9/2017 - RACER Trust, Rivore Metals, LLC, Reach Agreement on Sale of Industrial Property in Pontiac, Mich.

1/20/2017 - RACER Trust, Michigan DNR Reach Agreement on Transfer of Riverfront Property in Saginaw

12/20/2016 - RACER Trust, Commonwealth Development Corporation of American Reach Agreement on Sale of Land in Muncie, Ind.

12/19/2016 - RACER Trust Sells Interest in Pontiac Centerpoint Business Campus

12/1/2016 - RACER Trust Sells Property in Muncie, Ind., to M&M Bus Co., Inc.

11/22/2016 - RACER Trust, NorthPoint Development Reach Agreement for Sale of Lansing-Area Industrial Land

11/10/2016 - RACER Trust Completes Sale of Former GM Willow Run Property for Redevelopment as American Center for Mobility

7/27/2016 - RACER Trust Sells Property in Anderson, IN, to Tower Anderson, LLC

7/22/2016 - NorthPoint Development Bringing More Jobs to KCK

7/18/2016 - Agreement Reached on Willow Run Purchase

6/21/2016 - RACER Trust to Seek New Proposals for Purchase, Redevelopment of Prime Property Near Downtown Indianapolis

5/17/2016 - RACER Trust, George W. Auch Company Reach Agreement On Sale of University Drive Property in Pontiac, Mich.

5/10/2016 - RACER Trust Announces Sale of Vacant Land in Pontiac, Mich., to HB Dynamics

5/4/2016 - U.S. EPA Issues Community Update on Massena Cleanup

4/14/2016 - Ohio EPA Issues Covenant Not to Sure for Former RACER Trust Property in Ontario, OH

2/23/2016 - EPLET, LLC, to Continue Service as Administrative Trustee of RACER Trust

1/5/2016 - RACER Trust, Ross Community Center, Inc., Complete Sale of Land in Muncie, IN

11/17/2015 - RACER Trust, Ross Community Center, Inc., Reach Agreement for Sale of Land in Muncie, IN

9/15/2015 - RACER Trust, Ashley Capital Complete Sale of Industrial Land in Livonia, MI

9/9/2015 - U of M Video Highlights Partnership with RACER

6/8/2015 - RACER Trust Announces Sale of Flint Warehouse; More than 200 Jobs Expected

05/28/2015 - Remedial activities resume in Massena

4/29/2015 - RACER Trust Completes Sale of Property in Anderson, IN; Site to be Used by Sirmax North America for Manufacturing

3/20/2015 - U.S. Commercial Service, AmCham Canada, RACER Trust Welcome Canadian Business Leaders for Reception

3/19/2015 - RACER Trust Hires Terradex to Provide Environmental Monitoring Services

2/24/2015 - RACER-Sponsored Student Design Team Wins International Recognition for Research on Sustainable Remediation

2/6/2015 - Resources from SelectUSA

01/15/2015 - Sharing in Good News for Anderson, IN

1/13/2015 - RACER Trust Sells Vacant Land for Redevelopment in Detroit

12/17/2014 - RACER Trust Reaches Agreement with IRG for Sale of Buildings and Land in Pontiac, MI

12/10/2014 - RACER Trust Reaches Agreement with Ashley Capital for Sale of Industrial Land in Livonia, MI

12/02/2014 - RACER Trust Announces Sale to Wayne State University

11/24/2014 - RACER Trust Sells Land in Flint, MI, to Kettering University

11/10/2014 - RACER Trust, NorthPoint Development Agree to Terms for Sale of Industrial Land in Lordstown, OH

10/30/2014 - RACER Trust Announces 10-Year Lease Extension with Roth Global in Salina Industrial Powerpark

09/25/2014 - Brownfields 2015 Brings Focus on Sustainability and Redevelopment to Chicago

09/18/2014 - RACER Trust Honors Perras Environmental Control for Safe, Successful Remediation Work in Massena

9/11/2014 - Lennar Breaks Ground in Ewing

8/26/2014 - AMERICAN Cast Iron Pipe Company Begins Redevelopment of Buick City

8/7/2014 - M1 Concourse Completes Purchase in Pontiac

8/6/2014 - RACER Trust Completes Sale of Former GM CVO Facility to International Turbine Industries

8/6/2014 - CVO Remediation Team Earns EPA Honor

8/4/2014 - RACER Trust Announces Agreement to Sell Former GM Indianapolis Plant Property to REI Investments

8/4/2014 - How Do Detroit's Parolees Fit into the City's Revitalization?

7/29/2014 - How Much Cleaning Up Brownfields is Really Worth

7/29/2014 - The Perfect Partner for Closed Landfills?

7/13/2014 - RACER Trust is Working to Bring Jobs to Toledo

6/23/2014 - Yankee Air Museum Signs Deal for Part of Willow Run Bomber Plant

4/21/2014 - Rebirth of America's Dead Factories

4/1/2014 - Carl Garvey Named General Counsel of RACER Trust

3/6/2014 - RACER Trust Announces Sale of Former GM Livonia Powertrain Plant to Schostak Brothers & Company

2/4/2014 - Mayor Bert Steinmann and the Ewing Township Redevelopment Agency Announce Designation of Lennar Ewing, LLC as Redeveloper for Portion of Parkway Avenue Redevelopment Area

1/15/2014 - Statement from RACER Trust Regarding Donation of Land to City of Anderson, IN

12/09/2013 - RACER Trust Honors D.A. Collins Environmental Services for Successful Completion and 58,000 Safe Work Hours on Massena, N.Y., Project

11/13/2013 - AMERICAN Brings New Investment, Jobs to Flint, MI

11/1/2013 - Plans for $250 million project, up to 800 jobs at former GM site in Moraine, Ohio, ’The home run we have been looking for.’ “

9/30/2013 - NorthPoint, RACER Trust Close Sale in Kansas City, KS; Development Projects Will Create Up to 2,000 New Jobs

09/05/2013 - Connected Vehicle Research Center Planned on Site of Former Willow Run Powertrain Plant

08/08/2013 - RACER Trust Seeking Proposals from Qualified Firms for Redevelopment of Indianapolis Stamping Plant Site

08/01/2013 - Rosie the Riveter's factory gets 2-month reprieve

08/01/2013 - 'Rosie the Riveter' World War Two Bomber Plant Needs $8 Million to Live on as Museum

07/31/2013 - Michigan Aerospace Foundation, Yankee Air Museum and RACER Trust Announce Extension of the Fundraising Deadline for Former B-24 Plant at Willow Run

6/7/2013 - Former Indianapolis Stamping Plant to be Marketed as Vacant Land

6/6/2013 - Fox-47 Coverage of RACER Community Meeting in Lansing, MI

5/23/2013 - M1 Concourse to Buy RACER Land in Pontiac, MI, Develop Destination for Car Enthusiasts

5/16/2013 - RACER Trustee Elliott Laws Receives National Brownfield Leadership Award

4/24/2013 - RACER Trust Working with Yankee Air Museum On Deal for Portion of Willow Run Powertrain Property

04/17/2013 - RACER Trust, Ultimate Soccer Arenas Reach Agreement on Deal for Land in Pontiac, MI

4/02/2013 - Aircraft Maintenance Firm Buying Willow Run CVO Facility; Sale is Expected to Result in Creation of 25 Jobs

3/22/2013 - Sale and Redevelopment of RACER Trust Site in Kansas City, KS, Means 2,000 New Local Jobs

2/7/2013 - RACER Trust Awards Major Cleanup Contract for Former GM Site in Massena, NY, to Local Firm

1/30/2013 - Ewing Township, RACER Trust Agree On Unified Marketing Approach for Former GM Property

1/3/2013 - Elio Motors to Buy Former GM Plant in Shreveport, Expects to Employ 1,500 by end of 2015

12/28/2012 - RACER Trust Completes Sale of Former GM Facility in Ohio to Major Development Company

11/28/2012 - Redeveloping Former GM Sites for New Job-Creating Uses

11/28/2012 - Plans 'On Track' for Sale of Former GM Plant

10/31/2012 - Former GM Assembly Plant in Pontiac Sold for New Industrial Development

10/31/2012 - RACER sells Fiero Assembly plant in Pontiac to Lapeer-based company

10/19/2012 - Event showcases Massena to Canadian companies

9/28/2012 - Marketplace Highlights RACER Mission

9/24/2012 - Former GM Plant Near Shreveport, La., Offers Prime Opportunity for New Investment, Jobs

8/17/2012 - GM Pact Signed, Work Begins to Bring 1,100 Jobs

8/17/2012 - Ontario Council Signs GM Site Development Pact

8/17/2012 - New Plans For Previous GM Plant

8/17/2012 - Ohio Company To Buy Former GM Plant, Bring 1,100 Jobs to Area

8/16/2012 - Major Development Firm Reaches Agreement On Purchase Of Former GM Facility

8/16/2012 - RACER Trust Announces Deal to Sell GM Stamping Plant in Ontario to Brownfield Communities Development Co.

8/16/2012 - Developer Has Big Plans for GM Site in Ontario

8/16/2012 - Filling Building Will Generate Tax Revenues

8/16/2012 - Purchase Agreement Signed for Ex-GM Plant

8/16/2012 - Real Estate Firm to Buy Ex-GM Ohio Plant

8/16/2012 - Richland County: Redeveloped GM Plant to Bring 1,100 Jobs

8/16/2012 - Firm Heading Former GM Site Redevelopment to Sell Ohio Stamping Plant

8/16/2012 - Sale Of Former Ontario General Motors Plant Announced

8/16/2012 - Brownfield Communities Development Buys Ex-GM Facility in Ohio

7/30/2012 - Potential Advantages of Reusing Potentially Contaminated Land for Renewable Energy

7/27/2012 - Repurposing Former Automotive Manufacturing Sites

7/26/2012 - RACER Trust and UEP Detroit Team Up to Provide Opportunities for Minority Entrepreneurs

7/18/2012 - RACER Trust and Goodwill’s Green Works, Inc., Partner to Promote Recycling and Create Job Opportunities in Southeast Michigan

6/28/2012 - RACER Trust looks to convene new industrial activity across a huge portfolio of former GM properties

6/27/2012 - Former Bay City Official Joins RACER Trust Team

6/22/2012 - 'Rosie the Riveter' Bomber Plant in Michigan for Sale

6/21/2012 - Ex-GM Plants for Sale; Must Create Jobs

6/21/2012 - AnnArbor.com: Open House Showcases Former GM Properties

6/21/2012 - Forbes, Jalopnik.com highlight RACER

6/21/2012 - Detroit Free Press: RACER Trust Has Prospects for Buick City Property

6/20/2012 - Detroit News: 'Old' GM sites put to use

6/20/2012 - RACER Event Focused on Jobs, Redevelopment Draws More Than 200 to Willow Run

6/19/2012 - RACER Trust Open House Wednesday at Willow Run Features U.S. Government’s Jay Williams, Mathy Stanislaus

6/12/2012 - Mathy Stanislaus, EPA Assistant Administrator, to Participate in RACER Trust Open House June 20

6/7/2012 - Jay Williams is the Featured Speaker at June 20 RACER Open House

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

12/8/2011 - 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 Won't 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