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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. Again, Maria.... how much are YOU contributing? The man doesn't HAVE to give a red cent! What don't you get about that? And, I know this might actually require some actual "facts", but can you please point me to the parking garage that the city gave to him?

  2. Another internet tuff guy I see. And what would the basis of taking the person to jail? If they were drunk, yea. But if not, there would be no jailable offense. All these gestapo, Nazi, jackboots are running SCARED. When the SHTF in this country who's side are you going to be on? The citzens, or the establishment? Better make up your mind quick because it's not far off. I would rather be trying to make friends than enemies. But no worries my "friend", God will take care of you and your likes in good time. It tells us that in the bible. If you stand, support and help carry out the plans of evil rulers, you will NOT be spared the wrath of God. That simple. All you can do is repent now and ask God to forgive you.

  3. Yes, Ersal, thank you for donating a whole $75,000, while the city gives you a parking garage for free and is going to pay for a multi million dollar stadium for you. I'd be donating money too if I was on welfare.

  4. I live and work in Broad Ripple and agree 100% that the traffic is not a significant problem. It can be slow at some times, but hey...this is an urban area. As for the development itself...HOORAY. Office and retail development brings people during the day, something that our community needs much more of. Thank goodness people are finally waking up to take advantage of the serene White River views. The BRVA land us committee endorsed the project because they know how these kind of projects help offset the cries of "too many bars". Pray that this development, and the proposed major investment by Browning, move forward. And remember Good Earth, these will mean hundreds of daytime people - potential shoppers for your store.

  5. Under current, previous existing law, this new law would be unconstitutional. Not that supposedly having to have a driver's license to drive isn't in the first place.

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