In March, CART announced it would move its 24-year-old organization to Indianapolis by June.
"We had worked with the state to try to keep CART here in Troy, but the CART board makeup, of four members from Indianapolis, made it difficult," says Doug Smith, the city's real estate and development director in a letter to the city council.
Smith says Frank's Nursery will probably keep its headquarters on Long Lake Road in the city.
"Chief executive Steve Fishman has been considering consolidating two or three office buildings, including the headquarters on Long Lake, and has looked at a number of sites including Auburn Hills and out-of-state," Smith says.
Frank's has been fighting through bankruptcy and store closings for about two years.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more information visit Asset & Logo Licensing.
