RACER Trust, Ultimate Soccer Arenas to Make Joint Economic Development Announcement in Pontiac

PONTIAC, MI (04/15/2013)(readMedia)-- The news media are invited to attend an announcement concerning an economic development project at Ultimate Soccer Arenas in Pontiac.

Oakland County Executive L. Brooks Patterson and City of Pontiac Emergency Manager Louis Schimmel, in addition to representatives from Ultimate Soccer Arenas and the RACER Trust, are among the scheduled speakers.

On-camera interviews will be available at the conclusion of the event.

About RACER Trust: The RACER (Revitalizing Auto Communities Environmental Response) Trust was created to clean up and position for redevelopment properties and other facilities owned by the former General Motors Corp. before its 2009 bankruptcy. RACER is one of the largest holders of industrial property in the United States and is the largest environmental response and remediation trust in U.S. history. When the Trust was formed, it owned 89 properties in 14 states, principally in the Midwest and Northeast. The Trust, which is independent, was created by a settlement agreement in the U.S. Bankruptcy Court between the U.S. Government, the 14 states where the former GM properties are located, and the St. Regis Mohawk Tribe, which owns land adjoining property in Massena, NY. For more information, please visit www.racertrust.org