US EditionIndiana Sells Former GM Stamping Plant Site for $27M
Elanco Animal Health purchased the former GM plant for $27 million to develop a global innovation district connecting research, facilities, and community spaces, supported by state and university partners.
- The State of Indiana sold the former GM Stamping Plant site in Indianapolis to Elanco Animal Health for $27 million, moving the property into private ownership on Monday, Aug. 25.
- Once a 2.1 million-square-foot facility, the GM Stamping Plant operated from 1930 until 2011, with an industrial cleanup trust addressing its pollution before Elanco's 2020 announcement followed a scrapped May 2019 redevelopment plan.
- The new campus will employ about 725 people at opening, with Elanco Animal Health advancing a $200,000,000 investment and tax credits aiming to add more than 570 jobs over 10 years.
- Under the sale the State of Indiana will remain actively involved through the Indiana Office of Commerce, and Elanco Animal Health will soon break ground on its new headquarters.
- The project is designed to anchor an innovation district around Elanco's global headquarters, linking research institutes, pilot facilities, diagnostic labs and animal clinical care with housing, retail and green space near the Indianapolis Zoo and White River.
19 Articles
19 Articles
The Republic
Indiana Capital ChronicleState-owned chunk of former GM stamping plant site sold to Elanco for $27M
Indiana sells former GM stamping plant site for $27M
By Jason Ronimous Click here for updates on this story Indiana (WISH) — Governor Mike Braun announced the sale of the former GM Stamping Plant property in Indianapolis to Elanco Animal Health for $27 million on Monday. The transaction is set to advance the creation of a global innovation district with the State of Indiana as a continuing partner. The sale transitions the land into private ownership, with Elanco and its partners, including Pu…
wibc.com
106.7 WTLCElanco Purchases Old GM Stamping Plant in Indianapolis for $27 Million
WISH-TV INDIANAPOLIS–Elanco, a veterinary medicine company, is moving forward with a $100 million plan to build its new headquarters in Indianapolis. The company purchased the old GM Stamping Plant for $27 million with help from the state and city. Elanco plans to create an innovation district with research institutes, labs, and clinical care facilities for animals, partnering with organizations like Purdue University. The site, located near the…
Fox 59 Indianapolis
Braun: Indiana approves sale of former GM Stamping Plant to Elanco Animal Health
INDIANAPOLIS -- The office of Indiana Gov. Mike Braun announced on Monday that the state-owned land at the former GM Stamping Plant site near downtown Indianapolis has been sold. According to a news release from Braun's office, the state sold the plant site to Elanco Animal Health for $27 million, allowing the company and its partners, like Purdue University, to "accelerate" the creation of an innovation district downtown. With the sale, the lan…
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