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Committee backs tax abatement for Michigan Motorsports relocation and expansion
Summary
The Community Investment Committee recommended that Bill 2545, a seven-year real property tax abatement for Michigan Motorsports to relocate from Niles, Michigan to a 7-acre South Bend site, be sent to the full council with a favorable recommendation. Company expects to create 29 full-time jobs and invest more than $4.5 million.
Bill 2545, a declaratory resolution recommending a seven-year real property tax abatement for Michigan Motorsports LLC, received a favorable recommendation from the Community Investment Committee and will go to the full council.
Joe Molnar, assistant director of Growth and Opportunity, presented the project: Michigan Motorsports proposes to purchase a 7-acre parcel at 3315 William Richardson Court from the redevelopment commission…
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