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Vacant GM stamping plant to be demolished

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The former General Motors metal-stamping plant near downtown will be demolished to make the site more attractive for redevelopment, the property owner announced Friday morning.

The 2.1 million-square-foot plant, which sits on 102 acres, opened in 1930 and employed more than 5,000 at its peak. That number was fewer than 700 when it closed two years ago.

The Revitalizing Auto Communities Environmental Response Trust, based in Ypsilanti, Mich., took title to the property in March 2011, and the plant closed that June.

RACER has marketed the site for the past two years with the option of reusing the building, but recently concluded that the obsolete building was impeding a sale. The trust said local and state officials and real estate experts backed the decision.

"Its size and location just across the White River from Lucas Oil Stadium and downtown Indianapolis are ideal for a wide variety of development purposes," Elliott P. Laws, administrative trustee of the RACER Trust, said in a prepared statement. "Our primary mission and urgent goal is to do what the community has asked us to do—to attract a buyer who will invest in revitalization, jobs and other economic benefits for the community."

RACER is seeking bids for the demolition work, which is expected to start in late summer or early fall and last six months.

"We appreciate the RACER Trust's aggressiveness and urgency in marketing this property, and we're working shoulder-to-shoulder with the RACER staff to attract a buyer who will bring jobs and dynamic redevelopment to this prime location," Mayor Greg Ballard said in a prepared statement.

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  • Use for this land
    Maybe Cummins Inc could go there.
  • Not Entirely the Unions Fault
    It is true that this plant closed due to the union not wanting to accept concessions, however, this plant was doomed years ago because of union and management "negotiations". When the negotiations came to the point that the union threatened to strike, our weak labor relations crew would always bend over and take it in the cheeks, lest they be labeled as "not joint" to management in Detroit. Between the two of them they eroded the union/management relationship and made for a hostile environment that was not necessary and that led to where the plant is today. There was never any give and take, it was all take as much as we can when it came to the union. Good riddance to the UAW. I hope that I live long enough to see them totally decertified for what they have done to the auto industry.
  • DC Indy
    Comments like that are absurd and reflect your knowledge of what union's represent.....you proably think Right-to-Work is good for the middle class too.....
  • DC Indy
    EXCELLENT (funny) comment!
  • Irony
    The ultimate irony will be if the demolition project is undertaken by union labor. That would mean labor unions killed the plant twice!
    • brilliant decision
      this is the single most exciting site in the State of Indiana. It has everything needed to attract a significant mixed use development. Location location location and jobs jobs jobs. Great move for city that Racer taking this step.
    • Facade
      I understand needing to demolish the structure, but I wonder if the facade facing the river could be saved. It is somewhat iconic, and could form a nice tie to the building's history without the massive structure attached.

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