Fortescue Advanced Manufacturing Center
601 Piquette Ave.
Build:Rehab
Status:Pre-construction
Uses:
IndustrialManufacturing
What's happening?
Fortescue plans an electric vehicle battery plant with an initial investment of $35 million that is expected to create 600 jobs. The project's total cost and amount of tax incentives appear to meet the threshold to trigger the community benefits process, but the city told Crain's Detroit Business the project did not meet criteria, with no explanation.
Source: Crain's Detroit Business
What are the property details?
| Parcel ID: | 03001738-41 |
|---|---|
| Taxpayer: | 601 PIQUETTE HOLDINGS LLC |
| Taxpayer address: | 500 GRISWOLD #3800 DETROIT MI 48226 |
| Dimensions: | 0 ft by 0 ft |
Source: Open Data Portal
Where is it?
Updates
January 23, 2024: More than $12 million in incentives approved | State of Michigan
The Michigan Strategic Fund approved:
- A $9 million Michigan Business Development Program performance-based grant;
- A 15-year, 100 percent State Essential Services Assessment exemption valued at $1,300,950;
- State tax capture valued at $2,374,413 for the reimbursement of brownfield activities at the site.
July 21, 2023: Brownfield plan | Detroit Brownfield Redevelopment Authority
A previously approved $11 million brownfield plan was transferred to the Fortescue project in December 2023, according to Crain's Detroit Business.
The page was last updated at 11:26pm on 10/4/24.