The General Motors plant with potential to employ
Monday was a good day for the village of Lordstown and for the Mahoning Valley.
A new industrial park will be developed on 173.5 acres of vacant industrial property adjacent to the General Motors plant with potential to employ up to 1,500.
“We are always looking for jobs,” Lordstown Mayor Arno Hill said. “If you put people to work, it helps the entire Valley.”
RACER, or Revitalizing Auto Communities Environmental Response Trust, announced Monday that it reached an agreement with NorthPoint Development for the purchase and development of the property.
When complete, the development is expected to cover 1.5 million square feet, Chad Meyer, NorthPoint president and chief operating officer, has said.
This is the second property NorthPoint has purchased from RACER Trust, which was created in March 2011 by the U.S. Bankruptcy Court to clean up and position for redevelopment properties and other facilities owned by General Motors before its 2009 bankruptcy, according to the RACER website.