Skip to main content
You are the owner of this article.
You have permission to edit this article.
Edit
Site of closed GM plant in Indianapolis going back on market
AP urgent

Site of closed GM plant in Indianapolis going back on market

{{featured_button_text}}
Autos-Production Cuts

A worker prepares a chassis to receive an engine on a new aluminum-alloy body Ford F-150 truck at the company’s Kansas City Assembly Plant in Claycomo, Missouri, last year. Ford Motor Co. is temporarily idling four North American plants in response to slowing consumer demand for new vehicles. The company has scheduled one-week closures in October 2016 for its plants in Kansas City, Missouri; Hermosillo and Cuatitlan, Mexico; and a two-week closure in Louisville, Kentucky.

INDIANAPOLIS — The site of a closed General Motors metal-stamping plant near downtown Indianapolis is going back up for sale after a developer's plans for a $30 million outdoor concert amphitheater fell through.

The 102-acre site along the White River is owned by a trust that's overseeing its clean up and sale since Detroit-based GM shut down the plant in 2011.

Trust redevelopment manager Bruce Rasher tells the Indianapolis Business Journal (http://bit.ly/2iB3kTV ) that developers have suggested plans including residential, office and retail buildings.

Rasher says the trust plans to seek proposals in January or February and select an offer later in the year.

A Carmel-based developer had planned to build an amphitheater at the site, but its contract was terminated in June after it couldn't secure financing.

___

Information from: Indianapolis Business Journal, http://www.ibj.com

0
0
0
0
0

The business news you need

* I understand and agree that registration on or use of this site constitutes agreement to its user agreement and privacy policy.

The AP is one of the largest and most trusted sources of independent newsgathering, supplying a steady stream of news to its members, international subscribers and commercial customers.

Related to this story

Get up-to-the-minute news sent straight to your device.

Topics

News Alerts

Breaking News

Crime

Entertainment & Dining

Latest News

Local Sports

NWI Prep Sport News

Weather Alerts