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Council approves seven-year tax abatement for Michigan Motorsports, plans site at William Richardson Court
Summary
By a 7-0 vote the council approved Resolution 25-46 granting a seven-year real property tax abatement to Michigan Motorsports LLC for a proposed warehouse/office at 3315 William Richardson Court; redevelopment commission sold the parcel for $50,000 and the company committed to $4.5 million in site investment and an estimated 29 full-time jobs.
The Common Council voted unanimously on Monday to adopt Resolution 25-46, confirming a seven-year real property tax abatement for Michigan Motorsports LLC to build a warehouse/office facility at 3315 William Richardson Court.
Joe Molnar, assistant director for Growth & Opportunity, told the council the project would occupy a roughly seven-acre parcel on the northwest side of the city. Molnar said the…
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