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UPDATE: Chrysler may find use for vacant Tipton plant

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Chrysler Group might build transmissions in Tipton after all.

The company has requested tax incentives to launch production in a nearly 800,000-square-foot plant at U.S. 31 and State Road 28, according to Automotive News and the Kokomo Tribune.

The plant, which is about a half-hour south of the company’s transmission plants in Kokomo, never has been occupied. Chrysler partnered with Getrag Transmission of Germany in 2007 to build the plant, which was to employ 1,200 and make dual-clutch transmissions. But that partnership unraveled the next year, halting construction of the plant.

In 2010, W.W. Reynolds, a real estate developer, bought the building out of bankruptcy for $25 million and planned to lease it to Abound Solar Inc.

Loveland, Colo.-based Abound had hoped to hire 1,200 workers at the plant to make solar panels. But Abound crashed into bankruptcy this summer and now is liquidating.

After Abound failed, W.W. Reynolds listed the property for $39.5 million with the Indianapolis office of Cassidy Turley.

Chrysler confirmed to Automotive News that it is requesting incentives for a project at the vacant plant but wouldn’t say whether it has acquired the building.

“Chrysler will be working with the city regarding potential economic development incentives to assist us in making the business case for a possible future investment,” the company said in a statement.

“With the implementation of $1.3 billion in previously announced investments to provide the next generation of front- and real-wheel-drive transmissions, Kokomo remains at the center of the company’s power train offensive. We will continue to look for ways to improve our operations and our products to meet the new fuel economy standards and the needs of our customers.”

Mike Cline, president of the Tipton County Board of Commissioners, told the Kokomo Tribune that a request for a tax abatement on the property will be reviewed at the commissioners’ Dec. 17 meeting.

The Tipton County Council might consider the request Dec. 18, the newspaper said.

“The information will be coming out,” he told the Kokomo Tribune. “The company will determine when to make the announcement.”


 

 

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  • a building they shafted tipton with
    This building they built with tpton county funds and walked away from. Now that they need it and can buy it for 25% of the value, what a deal. We just keep helping these people who take advantage of us and with a smile. We need to give these guys the shaft like they do us.
  • Chrysler's plans
    This building was intended to be used by Chrysler & should be used by Chrysler for their Transmissions. With Chrysler being the fastest growing Auto company on the planet & Sales gains leading the entire industry & market share growing faster than any other company They're going to need more plants for production. American workers & the US economy and ultimately the Consumer are the winners. Go take a test drive & see the world class product Chrysler / Fiat is putting out, as opposed to the Junk that Daimler made them build, when Daimler sucked every single good thing from Chrysler to keep their own Junky Mercedes products a float! Chrysler is back & we should applaud them!
  • Getrag
    Your info is being validated

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  1. I had read earlier this spring that Noodles & Co was going to open in the Fishers Marketplace (which is SR 37 and 131st St, not 141st St, just FYI). Any word on that? Also, do you happen to know what is being built in Carmel at Pennsylvania and Old Meridian? May just be an office building but I'm not sure.

  2. I'm sorry, but you are flat out wrong. There are few tracks in the world with the history of IMS and probably NO OTHER as widely known and recognized. I don't care what you think about the stat of Indy Car racing, these are pretty hard things to dispute.

  3. Also wondering if there is an update on the Brockway Pub-Danny Boy restaurant/taproom that was planned for the village as well?

  4. Why does the majority get to trample on the rights of the minority? You do realize that banning gay marriage does not rid the world of gay people, right? They are still going to be around and they are still going to continue to exist. The best way to get it all out of the spotlight? LEGALIZE IT! If gay marriage is legal, they will get to stop trying to push for it and you will get to stop seeing it all over the news. Why do Christians get to decide what is moral?? Why do you get to push your religion on others? How would legalizing gay marriage expose their lifestyle to your children? By the way, their lifestyle is going to continue whether gay marriage is legalized or not. It's been legal in Canada for quite a while now and they seem to be doing just fine. What about actual rules handed down by God? What about not working on Sundays? What about obeying your parents? What about adultery? These are in the 10 Commandments, the most important of God's rules. Yet they are all perfectly legal. What about divorce? Only God is allowed to dissolve a marriage so why don't you work hard to get divorce banned? Why do you get to pick and choose the parts of the Bible you care about?

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