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GM Plant Purchase Proposal
GM PlantProposal
The Parish Commission would allocate up to $7.5 million in parish funds to purchase the former GeneralMotors Assembly Plant. The money – which would come out of the reserve trust and oil and gas funds – would be directed to Caddo Parish’s Industrial Development Board (IDB) to purchase the facility, land and mineral rights. 

IDB would lease the facility to Stuart Lichter’s Industrial Realty Group (IRG), which would assist Elio Motors in developing operations at the plant, as well as fill the remainder of the facility with other firms, under the proposal.

Please reference the minutes of the Economic Development Committee meeting held on August 2nd to viewelio.jpg the context in which the documents linked below have been discussed by the Commission to date.