Caddo commission considers purchase of GM plant
SHREVEPORT - Caddo Commissioners will consider introducing a proposal Thursday that could help Elio Motors move ahead with plans to locate at the former General Motors assembly plant and provide the parish with a new asset.
Commissioners briefly discussed an economic development committee recommendation Monday that would allocate up to $7.5 million in parish funds to purchase the former assembly plant. The money would be directed to Caddo Parish's Industrial Development Board to purchase the facility, land and minerals.
IDB would lease the facility to Stuart Lichter's Industrial Realty Group, which would assist Elio Motors in developing operations at the plant, as well as fill the remainder of the facility with other firms, under the proposal.
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