The state of Michigan will receive $159 million to clean up and redevelop 56 former auto production sites as part of an environmental settlement brokered between the federal government and the Motors Liquidation Company, formerly known as General Motors. The funds will augment Michigan's Project Phoenix, which is redeveloping former manufacturing sites.
"Today marks another important step in Michigan's economic recovery," said Governor Jennifer Granholm. "Cleaning up these former GM sites will allow new companies a greater opportunity to invest in Michigan and create jobs. I commend the Obama administration and Michigan's economic development team for their work to bring this process to a close, and urge that the court proceedings move as quickly as possible."
As part of the settlement announced by the U.S. Department of Justice, an environmental bankruptcy trust will be established to assume ownership and possession of the properties, and fund, administer, and return the sites to good use.
Some Michigan cities receiving the largest amount of funds from the settlement include Ypsilanti, which will receive $43.5 million for four sites; Flint, which will receive $42.4 million for nine sites; and Lansing, which will receive $18.6 million for four sites.