[LMich]

This comeback has been kind of under the radar for years, now, but up Woodward, Pontiac has been storming back:

Tanya Moutzalias | MLive.com

Thousands of jobs, billions of investment headed for Pontiac, developers say

By Dana Afana | MLive.com

August 16, 2017

PONTIAC -- Pontiac's leaders say the city is on the verge of making major strides toward a comeback as a major economic hub in Metro Detroit.

The city's resurgence, however, won't be based on an over reliance on auto manufacturing this time, and instead supported by a series of developments and corporate moves diversifying its economy.

Waterman noted Downtown Pontiac will see an additional spur of developments and businesses in the city, including emerging tech hub and 3D printing industries, "particularly Peter Karmanos (who) brought in the five Maddog consortium of high-tech industries."

By 2018, Williams International, an aerospace defense contractor will move its headquarters to Pontiac from Commerce Township, bringing 500 jobs and a $1.5-billion investment over eight years, Waterman said.

Troy-based United Shore, a wholesale mortgage brokerage firm, announce plant to move headquarters and 2,100 jobs to Pontiac, Waterman added. Construction will begin in January.

Southfield-based developer REDICO is also constructing the Village at Bloomfield on a failed $500-million retail and housing development site. The previous developer spent nearly $300 million on the site, formerly dubbed "Bloomfield Park," but halted construction in 2008.


Tanya Mouztalias | MLive.com