IBJNews

Renewable-energy firm eyeing Tipton County plant

Back to TopCommentsE-mailPrintBookmark and Share

A renewable-energy firm is considering manufacturing solar panels in an empty Tipton County plant where transmissions were to be built for Chrysler automobiles, according to the Kokomo Tribune.

Sources told the newspaper that the company is based in the western part of the country and could create up to 800 jobs. A deal hinges on the company’s ability to secure a loan from the U.S. Department of Energy, the sources said.

The Tipton County Commissions, County Council and Redevelopment Commission are scheduled to meet at 7 p.m. Monday to discuss details about a potential deal.

Kenny Ziegler, president of the County Commissioners, told the Tribune he is “optimistic” that the building will be occupied soon.

Tipton County reportedly is one of two locations the renewable-energy firm is considering. The other site could be in Nampa, Idaho, according to Idaho television station KTVB. It reported that a solar-panel firm is exploring a potential location there.

In addition, the Howey Political Report newsletter is reporting on its Web site that Fiat SpA/Chrysler is preparing a bid for the abandoned plant.

Getrag Manufacturing LLC filed for bankruptcy in November and halted work on the plant in Tipton County after its partnership with Chrysler LLC collapsed. A federal bankruptcy court in Detroit turned the facility over to a trustee group consisting of contractors still owed money on the project. The court set a minimum price of $45 million for the property.

The joint venture around a new, fuel-efficient transmission was the sole reason for building the nearly 800,000-square-foot factory at the crossroads of U.S. 31 and State Road 28.

Work on the $530 million project came to a halt last October. The factory is 80-percent complete, and it has taxpayer-financed road and utility service.

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. How much you wanna bet, that 70% of the jobs created there (after construction) are minimum wage? And Harvey is correct, the vast majority of residents in this project will drive to their jobs, and to think otherwise, is like Harvey says, a pipe dream. Someone working at a restaurant or retail store will not be able to afford living there. What ever happened to people who wanted to build buildings, paying for it themselves? Not a fan of these tax deals.

  2. Uh, no GeorgeP. The project is supposed to bring on 1,000 jobs and those people along with the people that will be living in the new residential will be driving to their jobs. The walkable stuff is a pipe dream. Besides, walkable is defined as having all daily necessities within 1/2 mile. That's not the case here. Never will be.

  3. Brad is on to something there. The merger of the Formula E and IndyCar Series would give IndyCar access to International markets and Formula E access the Indianapolis 500, not to mention some other events in the USA. Maybe after 2016 but before the new Dallara is rolled out for 2018. This give IndyCar two more seasons to run the DW12 and Formula E to get charged up, pun intended. Then shock the racing world, pun intended, but making the 101st Indianapolis 500 a stellar, groundbreaking event: The first all-electric Indy 500, and use that platform to promote the future of the sport.

  4. No, HarveyF, the exact opposite. Greater density and closeness to retail and everyday necessities reduces traffic. When one has to drive miles for necessities, all those cars are on the roads for many miles. When reasonable density is built, low rise in this case, in the middle of a thriving retail area, one has to drive far less, actually reducing the number of cars on the road.

  5. The Indy Star announced today the appointment of a new Beverage Reporter! So instead of insightful reports on Indy pro sports and Indiana college teams, you now get to read stories about the 432nd new brewery open or some obscure Hoosier winery winning a county fair blue ribbon. Yep, that's the coverage we Star readers crave. Not.

ADVERTISEMENT