Planned implosion shifts back following financing shortfall.
Genesee Towers won’t be imploded before August 24 as previously announced by Uptown Reinvestment Corp, the group that purchased the building from the city of Flint for $1 in August 2012.
Tim Herman, president of Uptown Reinvestment Corp. and CEO of the Flint & Genesee Chamber of Commerce, announced the organization’s plans to implode the city’s tallest structure by the summer festival of races in March.
Herman said that the reason for the delay is that Uptown has not yet secured all of the money needed for the project, and that has had an effect on how they have gone forward.
Previous estimates had the cost of demolition and rubble removal at approximately $4 million.
“It took us a little longer than expected to pull the funding together, which impacted our initial timeline for imploding the Genesee Towers,” he said. “Once we get past the annual events and festivities in August, we will be on track for September.”
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