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Michigan loaned $35M to mobility center. Debt could cripple it, boosters say
State officials say annual payments on the debt could erase a $1.59 million surplus and threaten operations at the self-driving test site.
- Michigan is demanding repayment of a $35 million loan from the American Center for Mobility, a 340-acre test facility in Ypsilanti Township that supporters say is critical to autonomous vehicle development.
- The Michigan Strategic Fund seeks to recover the $35 million invested since 2016 for land and operations, a move arising amid a broader legislative pullback in subsidy funding.
- With 229 days of test track bookings in 2025 and revenue rebounding to about $2.5 million that year, the nonprofit warns that requested annual payments could jeopardize its operations.
- Negotiations regarding the debt are ongoing with the Michigan Economic Development Corp., while state Sen. Jeff Irwin, D-Ann Arbor, has urged the state to forgive the loan or delay repayment.
- These tensions emerge as Michigan fights a "fierce battle" to remain relevant in autonomous vehicle development, facing competition from Ford Motor's expanding Long Beach, California facility.
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Associated Press News+15 Reposted by 15 other sources
Michigan loaned $35M to mobility center. Debt could cripple it, boosters say
Michigan is demanding repayment of $35 million from a state-backed mobility research center supporters say is critical to keeping autonomous vehicle development in Michigan.
·United States
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Total News Sources16
Leaning Left4Leaning Right2Center5Last UpdatedBias Distribution46% Center
Bias Distribution
- 46% of the sources are Center
46% Center
L 36%
C 46%
R 18%
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