69°
Baton Rouge, Louisiana
7 Day Forecast

Latest Weather Blog

Follow our weather team on social media

Caddo commission considers purchase of GM plant

3 years 9 months 3 weeks ago August 06, 2013 Aug 6, 2013 Tuesday, August 06 2013 August 06, 2013 7:22 AM in News

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.

More News

Desktop News

Click to open Continuous News in a sidebar that updates in real-time.
Radar
7 Days