The American Center for Mobility announced Tuesday its technology park is ready for development.
The proving ground for advanced safety and automated vehicle technologies at Willow Run in Ypsilanti Township recently completed general infrastructure to allow interested parties 350,000 square feet of development at the center’s 500 acres.
Companies looking to locate in the park will receive heavy subsidies as it’s designated a Renaissance Zone, allowing up to an 85 percent abatement on real estate and personal property taxes through 2031, and an Opportunity Zone, which allows tax deferral of reinvested capital gains.
Real estate brokerage firm Colliers International is working to secure automakers and suppliers to build office and industrial buildings between 25,000 square feet up to 250,000 square feet in the park, Mark Chaput, interim CEO of ACM, said at a media event Tuesday morning.
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