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Stock impact report

Michigan awards $1M grant to support Detroit's Fisher Body plant transformation [CBS News]

General Motors Company (GM) 
Last general motors company earnings: 2/5 08:05 am Check Earnings Report
US:NYSE Investor Relations: gm.com/investors/index.html
Company Research Source: CBS News
On Thursday, EGLE said the $1 million Brownfield Redevelopment Grant would cover investigations, transportation and disposal of contaminated soil. The investment would also support the cleanup of a leaking underground storage tank and install a vapor mitigation system, according to a news release. The $153 million project will include 433 residential units and 44,000 square feet of commercial space on the first floor. "We are thrilled that EGLE is providing a significant grant to assist in the redevelopment of this historic, highly visible, and very challenging site," said Brian Vosburg, senior director of Brownfield Redevelopment at the Detroit Economic Growth Corporation, in a statement. "EGLE has long been a critical partner to the City for the cleanup and redevelopment of many of Detroit's most environmentally challenged properties." The city of Detroit that the historic plant would be redeveloped into mixed-use housing, including affordable housing and retail space. The Show less Read more
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