Search
 

Meridian Lands Help to Build $43M Plant

FOWLERVILLE, MI-Meridian Automotive Systems will build a 250,000 sf manufacturing center here, after getting a 12-year property tax break and $2.2 million to help make infrastructure improvements.

By Dan Heaton | Updated on September 23, 2004

FOWLERVILLE, MI-Meridian Automotive Systems Inc. officials hope to bring a 250,000=sf, $43-million facility to Livingston County by January 2006. The automotive supplier, which specializes in front and rear bumper assemblies, says it will break ground within two months on the new facility on 23 acres just west of the village.

Officials believe the plant will bring 250 jobs to Fowlerville. Tax incentives from the village and state money have helped push the project. On Monday, the Fowlerville village council agreed to exempt the company from paying half of its taxes for 12 years. On Tuesday, the state agreed to give the village and company $2.2 million to build sewer lines, help pay for a road under construction that would link the facility to the village and make other improvements. Even with the exemption, the addition of the Meridian facility will pay about $400,000 a year in taxes, says Jim Hall, chairman of the Fowlerville Local Development Finance Authority.

The 23-acre parcel is in the southwest corner of the village with nearby access to Interstate 96 and a railroad line. Fowlerville officials have been trying to get a major operation to the site, which is now just covered in tall grass and weeds, for years.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.