GM Stamping Plant Reuse Commission
The shuttering of the General Motors Stamping Plant prompted questions about what comes next for this prime property just west of downtown. The City's primary goal for the site is to find another industrial user that will create a significant number of jobs, and efforts are underway to identify such a user. However, to ensure that an appropriate backup plan is in place and ready for implementation if needed, Mayor Greg Ballard announced the creation of the GM Stamping Plant Reuse Commission - a task force of national experts charged with studying the industrial site and developing a recommendation for future use that will spur economic development in the area.
About the GM Stamping Plant Site
Address: 340 S. White River Parkway West Dr.
Size: 101 acres
Current Building: 2.1 million square feet of heavy industrial, distribution, support
Current Owner: Motors Liquidation Company (Old GM)
Unique Features: Riverfront property; access and visibility from I-70; adjacent to the Indianapolis Zoo and White River State Park; proximity to downtown Indianapolis; over $40 million in federal environmental cleanup funds available
About the Commission
Former Indianapolis Mayor William H. Hudnut will chair the GM Stamping Plant Reuse Commission, and the members will be independent, national experts from the Urban Land Institute (ULI). During the summer of 2011, the Commission, guided by ULI, will hold a week-long series of public and private meetings; conduct tours; and talk to local redevelopment experts and stakeholders. Factors taken into consideration will include local market conditions, environmental concerns, and existing infrastructure. At the end of the week, the Commission will publicly present its recommended use for the site.
GM Stamping Plant Presentation - Slides 1 and Slides 2
City of Indianapolis News Release