Marathon Petroleum Offers To Buy Residential Properties in Detroit

abarrelfullabarrelfull wrote on 11 Nov 2011 17:53
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Marathon Petroleum Company LP (MPC) today announced its intention to create nearly 100 acres of green space adjacent to its refinery in Oakwood Heights by offering to purchase all residential properties in the immediate neighborhood.

Oakwood Heights is a small southwest Detroit neighborhood that includes approximately 500 residential properties surrounded by large industrial complexes. MPC’s 210-acre refinery has been a fixture in the community since 1930 and is expanding with its current $2.2 billion Detroit Heavy Oil Upgrade Project (DHOUP).

“Due to their close proximity to surrounding industries, many Oakwood Heights residents have expressed their desire for a property buyout,” said Tracy Case, manager of MPC’s Michigan Refining Division. “We have listened to our neighbors and have designed a voluntary program to enable Oakwood Heights residents to relocate to an alternative neighborhood.”

MPC’s Oakwood Heights Property Purchase Program will provide offers on all residential property in the neighborhood and will assist neighbors who wish to relocate. Oakwood Heights residents were notified today of the program and received a schedule of information meetings planned to provide program details.

MPC has hired an experienced real estate consulting firm, Community Interaction Consulting, Inc. (CIC), to manage the property purchase program. CIC representatives will staff an Information Center in the Oakwood Heights neighborhood to inform prospective sellers about the program.
Residents will be able to sign up for the Oakwood Heights Property Purchase Program until Feb. 29, 2012. It is expected that the program will be completed by the end of 2013.
While the DHOUP is slated for completion in the last half of 2012, MPC plans to continue to have a positive impact on the city of Detroit and the state of Michigan for many years to come.
“The refinery expansion strengthens the long-term viability of Michigan’s only refinery. It’s creating thousands of construction jobs and will add 135 permanent positions at the refinery,” said Case. “Marathon Petroleum is proud to have an important role in the future of Detroit, while at the same time being responsive to our neighbors’ interests.”

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