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Auto Supplier Earns Tax Break for HQ

VAN BUREN TOWNSHIP, MI-The township gives a $7.3-million abatement to Visteon for a future $325-million office, research and technology complex on a former 220-acre gravel mine near I-94 and and I-275.

By Robert Carr | Updated on October 24, 2001

VAN BUREN TOWNSHIP, MI-Visteon, a former arm of Ford Motor Co. in Dearborn that spun off into the second-largest private automotive supplier, has earned a tax abatement for a possible new headquarters building here. Last week, the company earned about $7.3 million worth of tax abatements from the Wayne County township, says Bryce Kelley, the township director of planning and economic development.

The abatements are for possible development of a 220-acre site near I-94 and and I-275, with about $325 million of planned new development, including new infrastructure for roads, water and other necessities.

“We’ve been hearing from Visteon officials that the land may be used for a new headquarters. However, at this point we have no site plans, so we’re not exactly sure what they have in mind, other than they’ve specified non-manufacturing operations,” Kelley tells GlobeSt.com.

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