For the past 12 months, TTC has been conducting various due diligence activities in preparation to close on the property. Later this month, TTC will begin by removing existing structures formerly occupied by the State Psychiatric Hospital. The land will be remediated and construction of the first development phase will begin in the fall of 2006. TTC will build a 400,000-square-foot facility to house its expanding engineering design operations and will add 400 new jobs by 2010. The capital investment is projected to be approximately $150 million.
TTC will maintain operations at its current Ann Arbor campus. The York Township property will serve as the second TTC campus and will allow for immediate and future expansion for Toyota North America engineering, vehicle development and research operations. TTC's expansion is designed to complement Toyota's increased localization and growth of manufacturing and sales in North America.