The Warren City Council – where the GM Tech Center is located – has already approved as of last month a massive, 12-year tax break for the project, which is scheduled to start construction work sometimes this year and finish at the end of 2020.
General Motors, the largest US automaker and the third-biggest in the world, is readying the detailed information surrounding its $419 million investment into renovating and expanding the Warren Tech Center later on today. Mark Reuss, the company’s executive vice president for global product development, the state governor Rick Snyder, Mark Hackel – the Macomb County Executive and Jim Fouts – the Mayor of Warren are expected to be on site for the ceremony. The renovation and expansion project is the largest upgrade for the campus and its buildings – with the ensemble being designed by renowned architect Eero Saarinen and opened in 1955. City officials have already said that due to the large incentive package, the tax revenue on the upgrades will come at around 50 percent their normal level – while the earnings for GM are yet unknown.
According to the existing documents on the project, the upgrades will create 2,600 new jobs – while another 3,860 jobs will be saved throughout the period. Officials are also touting overall investments worth more than one billion dollars. Additionally, city officials have been keen to explain that GM’s investment might create even more jobs and development work in the are, with the zone being eyed for development to become a downtown area.