NorthPoint looks like buyer for RACER trust

NorthPoint Development is set to buy the RACER Trust site in Wyandotte County, 80 acres of property in the Fairfax Industrial District that was once a General Motors plant. Visit website

An agenda for Monday’s Unified Government of Wyandotte County/Kansas City, Kan., Economic Development & Finance Committee indicates that the Revitalizing Auto Communities Environmental Response Trust has picked NorthPoint Development as the buyer.

The agenda also stipulates development incentives to attract 1 million square feet of new industrial space at the RACER Trust site with more than $40 million worth of investment there.

NorthPoint CEO Nathaniel Hagedorn was not immediately available for comment. A spokesman for RACER Trust declined to comment…

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