Business Services Industry

Warren grants GM sought-after tax break.(Warren City Council, General Motors Corp.)(Brief Article)(Statistical Data Included)

Crain's Detroit Business, November, 1999 by SNAVELY, BRENT

From the perspective of General Motors Corp., some positive achievements came out of a political tussle between Troy and Warren that held up a $91 million tax-break package for the GM Technical Center. Warren City Council passed an abatement package on GM's $1 billion reinvestment plan last Tuesday with a series of 8-1 votes.

Councilman Michael Wiecek cast the dissenting votes. The vote was held up for several months when Troy City Council exercised a seldom-used provision of the state's 1974 tax-abatement legislation. Called an exit visa, the provision gave cities facing a job loss veto power over proposed abatements. The outcry that followed Troy's action led to an amendment to the state law eliminating the exit-visa provision. It was signed by Gov. John...

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works. HighBeam Research

 

BNET TalkbackShare your ideas and expertise on this topic

Please add your comment:

  1. You are currently: a Guest |
  2.  

Basic HTML tags that work in comments are: bold (<b></b>), italic (<i></i>), underline (<u></u>), and hyperlink (<a href></a)

advertisement
Click Here
advertisement
  • Click Here
  • Click Here
  • Click Here
advertisement