Available Properties TABLE of Land Bank Contents PROPERTIES
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Available Properties TABLE OF Land Bank Contents PROPERTIES PROPERTY MAP 3 COMMUNITY PROFILE 4 RACER Trust INVESTMENT PROFILE 6 PROPERTIES GENESEE COUNTY LAND BANK PROPERTIES 7 RACER TRUST PROPERTIES 13 CITY OF FLINT PROPERTIES 29 City of Flint HURLEY MEDICAL PROPERTIES 33 PROPERTIES SPECIAL INTEREST PROPERTIES 37 LIBERTY BUSINESS PARK 37 BURTON CITY INDUSTRIAL 39 NEIGHBORHOOD INFILL 41 Hurley Medical CONDITIONS FOR SALE 42 PROPERTIES Special Interest PROPERTIES 2 FLINT & GENESEE PROPERTY CATALOG Property Map LAND BANK SPECIAL INTEREST Ballenger Hwy Commercial 1 Liberty Business Park Dort Hwy Commercial 2 Burton City Industrial E Court Street Commercial 3 Neighborhood Infill 1 4 Neighborhood Infill 2 RACER TRUST 5 Neighborhood Infill 3 Coldwater Industrial 6 Neighborhood Infill 4 Davison Rd Industrial 7 Neighborhood Infill 5 Dort Hwy Industrial 8 Neighborhood Infill 6 Chevy Commons Parcel Atherton & Saginaw Commercial Genesee Industrial Buick City James P Cole Industrial CITY OF FLINT Bishop Int’l Airport Property 1 Bishop Int’l Airport Property 2 HURLEY MEDICAL Hurley Medical Frontage 1 Hurley Medical Frontage 2 PROPERTY CATALOG FLINT & GENESEE 3 Flint Labor Market Analysis Community Profile CITY OF FLINT FLINT MSA FLINT & GENESEE POPULATION 98,310 408,100 JOBS 57,500 147,100 RESIDENT WORKERS 39,900 179,500 NET COMMUTERS 14,300 -32,500 AVERAGE EARNINGS $50,500 $51,000 COL ADJUSTED AVERAGE EARNINGS $53,200 $53,700 UNEMPLOYED 2016 N/A 8,900 COMPLETIONS 2015 10,000 10,200 GRP $4.2B $14.1B EXPORTS $6.2B $23.3B IMPORTS $7.2B $22.7B Flint & Genesee County Major Employers RANK EMPLOYER NAME EMPLOYEES INDUSTRY 1 GENERAL MOTORS 7,500 Manufacturing 2 GENESYS REGIONAL MEDICAL CENTER 3,500 Medical 3 MCLAREN FLINT 2,785 Medical 4 HURLEY MEDICAL CENTER 2,780 Medical 5 DIPLOMAT 1,120 Medical 6 UNIVERSITY OF MICHIGAN-FLINT 1,098 Education 7 HUNTINGTON BANK 600 Financial SOURCES 8 CREATIVE FOAM CORPORATION 600 Manufacturing Page 4 9 MASS TRANSPORTATION AUTHORITY 575 Transportation Top Employers Source: Flint & Genesee Chamber, 2017 10 MOTT COMMUNITY COLLEGE 445 Education 11 BAKER COLLEGE 404 Education Page 4 12 CONSUMERS ENERGY 398 Utility Market Labor Analysis Source: Bonner Advisory Group, 2016 13 KETTERING UNIVERSITY 388 Education Page 5 14 AL SERRA AUTOMOTIVE 385 Automotive 15 MAGNA 350 Manufacturing Community Comparison Source: Emsi, 2017. 16 NORTHGATE 211 Manufacturing Note: Regional demand, sales, and GRP are calculated using 17 TMI CLIMATE SOLUTIONS 200 Manufacturing Emsi’s complete class of worker dataset (including QCEW, 18 CLIENT FINANCIAL SERVICES 180 Financial non-QCEW, selfemployed, and extended proprietors). 19 HSS MATERIAL MANAGEMENT 165 Manufacturing 20 GOYETTE MECHANICAL 165 Contracting *This list does not include public employers 4 FLINT & GENESEE PROPERTY CATALOG Community Comparisons REGIONAL POPULATION CHANGE % SALISBURY, READING, TRENTON, MOBILE, PEORIA, ROCKFORD, FLINT, MD-DE PA NJ AL IL IL MI (MSA) POPULATION CHANGE % +1% +0% +0% +0% 0% 0% -1% TOTAL INDUSTRY 169,810 189,747 263,780 190,974 184,794 158,716 147,468 JOBS 2017 TOTAL INDUSTRY JOBS CHANGE % +2% +1% +1% +0% +0% +1% +0% CURRENT AVERAGE EARNINGS $46,208 $56,665 $80,742 $51,167 $59,784 $51,725 $51,028 COL INDEX 106.9 107.4 122.8 95.5 102.0 99.0 95.0 BACHELOR’S DEGREE OR HIGHER % 16.5% 14.7% 27.0% 14.2% 18.3% 14.6% 13.2% GRP $15.76B $18.01B $32.22B $16.67B $18.33B $13.72B $14.07B UNEMPLOYMENT 9,461 10.785 8,534 12,934 10,921 10,293 8,927 REGIONAL POPULATION CHANGE % BROWNSVILLE- FORT WAYNE, DAVENPORT-MOLINE- CANTON- HUNTINGTON- HARLINGTON, TX IN ROCK ISLAND, IA-IL MASSILLON, OH ASHLAND, WV-KY-OH POPULATION CHANGE % +1% +1% +0% 0% 0% TOTAL INDUSTRY 158,641 228,979 198,447 182,706 142,117 JOBS 2017 TOTAL INDUSTRY JOBS CHANGE % +2% +1% +1% +0% +1% CURRENT AVERAGE EARNINGS $37,989 $49,359 $54,969 $46,421 $50,333 COL INDEX 89.2 96.9 100.5 95.7 97.1 BACHELOR’S DEGREE OR HIGHER % 9.3% 16.3% 17.7% 14.4% 12.9% GRP $10.19B $21.81B $18.23B $15.79B $12.97B UNEMPLOYMENT 10,996 7,606 10,328 10,114 8,516 *This list does not include public employers PROPERTY CATALOG FLINT & GENESEE 5 Investment Profile WORKERS REVIVE FLINT ECONOMY BY RON STARNER SITE SELECTION MAGAZINE JANUARY 2017 AUTOMOTIVE INDUSTRY FIRMS BUILD Waun says C3 is building out a half million sq. ft. of industrial ADVANCED MANUFACTURING PLANTS IN space on the site and eventually will hire 380 workers. “We are VEHICLE CITY already open on a small scale, but we will be fully operational by the middle of next year,” he notes. “We looked heavily in What does it take to compete globally in the most competitive California, North Carolina, Central Florida, Texas, China and (left) The Dryden Building, Photo courtesy of Skypoint Ventures business on the planet? Ask Bob Waun and Jeff Lamarche, veteran Turkey before selecting Flint for this plant. At the end of the day, (above) Students at UM-Flint, Photo courtesy of UM-Flint executives of the banking and automotive manufacturing we felt that we could really win with the workforce that is here in trades, respectively, and they’ll tell you. Genesee County. It is hard to find 300 qualified manufacturing Access to markets, a world-class logistics network, and a highly people, and we had 600 applicants for our first 50 job openings. REVITALIZING FLINT’S URBAN CORE skilled technical workforce are prerequisites, they say — three We easily found the first 50 hires.” Tim Herman, president of Uptown Reinvestment Corp. and big reasons why their companies are spending substantial sums CEO of the Flint & Genesee Chamber of Commerce, says the to make products in Flint, Michigan. GM KEEPS ON TRUCKIN’ IN FLINT investments of GM and C3 are emblematic of what’s happening Waun, CEO of C3 Venture Flint LLC, is overseeing a $9.68-million Jeff Lamarche, director of Flint Manufacturing Operations and in this county of 418,408 people at the confluence of I-75, I-69 investment that will create up to 400 jobs making plastic parts plant manager for Flint Assembly for General Motors, says the and US 23. for automotive clients. C3 will initially occupy 35,600 sq. ft. on a same advantages give GM a leg up in Flint. “There is a combination of events that are bringing people 17.69 acre site in an industrial park on James P. Cole Boulevard “The faith that we have in the Flint workforce has been rewarded,” to Flint, and that is driving continued investment into our in a town that is rapidly building a case for “Comeback Capital he says. “We have been winning JD Power quality awards over downtown,”he says. “Over the past 10 years, we have seen $100 of America.” the last several years for the trucks that we build right here in million poured into the redevelopment of downtown Flint. “We became interested in Flint after reading about the water Flint. This is the best quality you can get from any plant.” These include projects like the Capitol Theatre, the Health & crisis,” says Waun, whose firm has big plans for the town known GM demonstrated its faith by investing $2.8 billion into various Wellness District, and the Flint Farmers Market. The $32-million as Vehicle City. “We were actively working on our manufacturing expansion projects in Flint since 2009. This includes a 1.6-million Health & Wellness District won the Redevelopment of the Year program in Pontiac. It was also a hard-hit automotive town, and sq. ft. paint shop that opened in October and an 800,000 sq. ft. Award from the Urban Land Institute.” we are in the automotive parts business. Four factors sold us body shop that just broke ground. Herman notes that Uptown Reinvestment Corp. started in on Flint: the well-trained manufacturing workforce in the city Originally opened in 1947, GM Flint Assembly today employs 1999 and has played a pivotal role in revitalizing Flint’s urban and region; a location that is central and proximate to many 2,800 workers and is considered one of the most technologically core. “Eighty percent of the buildings in downtown Flint were of the companies that we do business with in the automotive advanced manufacturing plants in the world. It makes the vacant in 2000,” he says. “Today, more than a million visitors sector; the relative cost, which makes it easier for us to compete Chevrolet Silverado and GMC Sierra full-sized pickups, including flock to downtown Flint every year. Some 1,300 people live in with foreign markets; and the environmental awakening that Heavy Duty and Light Duty. downtown lofts and apartments, and the goal is to have 4,000 America is having right now.” “Flint had some issues but the investments GM is making shows people live downtown within five years.” C3 stands for “Clean Air. Clean Water. Clean Soil.” The firm will the resilience of Flint,” says Lamarche. “There really are a lot of The transformation of the city continues, adds Herman, but use both recycled plastic and bio-plastic in its manufacturing good things going on here. It is not just the water crisis. Flint is signs of progress abound. “We had a lot of challenges with the process. “This is the green cleantech vision that we have for C3,” doing well and is poised for an even brighter future with the water crisis, but Flint is open for business. Flint is transforming its says Waun. investments we are making. This is also helping our suppliers to economy.