Rather than seeing the General Electric Co. refrigerator plant in Bloomington close, the Monroe County Economic Development Commission plans to study whether it would make sense for the employees to buy and operate the site.
About 900 workers will lose their jobs next year if GE goes ahead with the plan it announced in January. The company said at the time that, despite efforts to improve efficiency, the plant was too expensive to operate.
Yesterday, development commission President Greg Travis told The Herald-Times of Bloomington that, while he doubts employee ownership would work, it nevertheless is worth studying.
Real estate experts have said the site holds potential to attract companies because the buildings are in good condition and the location is near railroads and major highways.
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