The Herald Bulletin

Morning Update

Local Business

March 21, 2013

Contract approved in Autoworld relocation

Ground breaking to be within 90 days

ANDERSON, Ind. — The wheels are turning on Myers and Ford Autoworld’s move from Broadway.

In a special meeting Thursday, the Anderson Redevelopment Commission unanimously approved selling the old General Motors Plant 11 site, located just north of 32nd Street on Scatterfield Road, to Autoworld for $100,000,

When the move was announced in November, Autoworld President Mary Jamerson said she hoped the “new ultra-modern facilities” planned for the Plant 11 site would “bring a fresh and nice landscape to that area.”

Autoworld has 90 days after the signing of the agreement to break ground on the new dealerships, which are expected to total about 48,000 square feet. It must spend at least $5 million to complete the project before March 1, 2014, with additional improvements planned for the future.

“This is a set of parcels that, from a real estate standpoint, where the playing field is not level,” said city economic development head Greg Winkler.

The land is a former brownfield — a vacant industrial site possibly in need of environmental cleanup — and needs better access to main roads.

The city agreed to hand over its soil tests, topography-based studies and other results from its Phase One and Two environmental studies in 2011.

It also plans to make about $950,000-worth of improvements to the site, including adding at least three commercial accesses off Scatterfield Road and a turn lane to ease traffic flow. It will also add up to three separate sets of metered utility connections for water, wastewater and electricity.

The city would finance on a “pay as you go” basis, drawing out of a tax increment financing levy.

The new location is also in the state’s last-granted CRED — Community Revitalization Enhancement District — zone, which has gone unused for about 8 years.

In a CRED district, the city can collect any sales tax that would normally go to the state. That money will go toward infrastructure within the district, making it more attractive to other developers.

The district in Anderson is about 200 acres, 17 of which will be used by Autoworld. Once the district is activated the city can collect that sales tax for 15 years.

Find Baylee Pulliam on Facebook, @BayleeNPulliam on Twitter or call 648-4250.

 

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