Demolition planned at closed GM plant
The Associated Press June 7, 2013 2:26PM
Updated: July 9, 2013 6:12AM
INDIANAPOLIS — The owner of a closed General Motors metal stamping plant in Indianapolis announced Friday it planned to demolish the buildings in hopes of attracting a buyer for the site.
The factory, which covers more than 2 million square feet on 102 acres, was shuttered two years ago and it is now owned by a trust established to clean up and sell properties the automaker owned before its 2009 bankruptcy, The Indianapolis Star and the Indianapolis Business Journal reported.
Officials of the Revitalizing Auto Communities Environmental Response Trust said they had determined the factory’s existing buildings were a hindrance to selling the property just west of the city’s downtown.
“Its size and location just across the White River from Lucas Oil Stadium and downtown Indianapolis are ideal for a wide variety of development purposes,” administrative trustee Elliott Laws said in a statement. “Our primary mission and urgent goal is to do what the community has asked us to do — to attract a buyer who will invest in revitalization, jobs and other economic benefits for the community.”
Trust officials are seeking bids for the demolition work, which is expected to start in late summer or early fall and take six months to complete.
GM started operating the factory in 1930 and it once employed some 6,000 workers. It had about 600 employees when GM closed it in 2011.
Mayor Greg Ballard said he supported the demolition plan.
“We appreciate the RACER Trust’s aggressiveness and urgency in marketing this property, and we’re working shoulder to shoulder with the RACER staff to attract a buyer who will bring jobs and dynamic redevelopment to this prime location,” Ballard said.