After a 60-day waiting period, the board can officially approve the LDFA and set up a tax increment finance authority (TIFA). The board will hold a public hearing on Nov. On Monday, the Superior Township Board of Trustees unanimously approved a resolution of intent to establish a Local Development Finance Authority (LDFA) - which can be set up to capture tax dollars for economic development purposes - to help address electrical transmission problems at Hyundai's operation.
Terri Blackmore, executive director of WATS, confirmed that the automaker had contacted WATS to discuss issues related to the expansion plan. The Hyundai-Kia America Technical Center is located on a 140-acre parcel on Geddes Road. According to a recent job posting, Hyundai is already performing driving tests at the 3,850-acre Chrysler proving grounds in Chelsea. Hyundai's technical center is located on a 140-acre parcel - which is comparable in size to the ex-Pfizer campus in northern Ann Arbor but not nearly large enough for a typical test track, which can be thousands of acres.Īuto companies typically need very large parcels of land for test tracks because secrecy is imperative for vehicle development. Hyundai has also discussed plans connected to a test track of some kind, local government officials said today at a policy meeting for the Washtenaw Area Transportation Study (WATS) group. Paul Krutko, CEO of economic development group Ann Arbor SPARK, said Hyundai is considering an initial $20 million investment that would involve installation of a dynamometer.
Superior Township Supervisor William McFarlane confirmed that Hyundai officials have met with the township to discuss their expansion plans - and that it involves adding about 50 new jobs. The 200,000-square-foot Hyundai-Kia America Technical Center on Geddes Road - which employs about 170 workers - conducts powertrain testing, calibration and some design and engineering. Korean automaker Hyundai is exploring an expansion of its testing and calibration center in Superior Township, local governmental officials confirmed. The Hyundai-Kia America Technical Center in Superior Township employs about 170 workers.
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