PONTIAC, MICH (WXYZ) - The City of Pontiac will be getting a much needed boost.
A very large plant site, once used by General Motors as an assembly plant and later a warehouse until just a few years ago, will soon be home to a new company and more jobs.
A letter of intent for the site has been issued by the North American Dismantling Corporation (NADC) out of Lapeer, which id working with a company that will fix the property to meet its needs.
GM once built the Fiero there. There's plenty of room, 43 acres, but NADC isn't saying yet what it will do with the property. However, it's projected 30 to 50 new jobs will be brought in, and maybe more later with a possible expansion.
The Emergency Financial Manager for the city of Pontiac, Louis Schimmell, says, "Pontiac needs to rebuild its industrial base, and the sale and planned redevelopment of the Fiero Assembly site is an important step in this process.”
NADC President Rick Marcicki is very excited about the project, "Our
purchase of this property paves the way for new long-term jobs here, and we’re excited
about the future here.”
NADC is hoping to have the property renovated and operational by the end of 2013.
Recently, the property had been owned by RACER, which is a trust firm that holds and sells former GM properties. But, terms of this sale are not available.
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