The Grand Traverse Town Center, labeled here as Acme Town Center, is located along M-27 in Acme, Michigan. Image from Google Maps

The Grand Traverse Band of Ottawa and Chippewa Indians has acquired a stake in a major development project in Acme, Michigan.

The GTB Economic Development Corporation invested in the Grand Traverse Town Center, a 180-acre project that includes retail, housing and commercial components. The size of the tribe's state was not reported.

"Investing in the Grand Traverse Town Center development is a natural and strategically important addition to the Band's business interests along the M-72 corridor," David Arroyo, the chairman of the corporation's board, said in a press release quoted by the local media.

The tribe is the fifth group to invest in the property, 9 and 10 News reported. A grocery story is due to open there later this year.

The site is across the road from the tribe's Grand Traverse Resort & Spa.

Get the Story:
GT Band buys interest in GT Town Center (The Traverse City Record-Eagle 8/20)
Grand Traverse Band Now A Town Center Investor (The Traverse City Ticker 8/19)
GT Band of Ottawa and Chippewa Indians Invest In Acme Twp. Site (9 and 10 News 8/19)