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WYANDOTTE, MI-The former Coca-Cola bottling plant site in Wyandotte will soon be torn down and rebuilt into the downriver regional headquarters of MBT Financial Corp., a holding company for Monroe Bank & Trust. The redevelopment, which includes demolishing the 1912 bottling plant, involves private investment of more than $2 million.

Several unsuccessful attempts have been made to redevelop the building that has been vacant for several years. The holding company plans to construct a new 10,000-sf, two-story building on the property located on Eureka Avenue. This new building will encompass the bank’s downriver regional headquarters and service center.

The project received approval to use up to $96,861 in state and local taxes in order to demolish the facility. The funds are part of a state brownfield redevelopment program, which turns unused and possibly contaminated properties, many of which would be difficult to find funding problems for clean up, into taxpaying sites once again.

“It is our belief that other businesses will see the benefits of brownfield redevelopment and be encouraged to do something similar,” said Ronald D. LaBeau, chairman and CEO of MBT.

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