Deal for former GM plant in Pontiac may create 30-50 jobs
RACER Trust has sold a large former General Motors Corp. plant to a Michigan-based firm that is planning renovations and new industrial development.
Lapeer-based North American Dismantling Corp. purchased the former Fiero Assembly property on Baldwin Avenue in Pontiac, RACER said Wednesday.
Terms of the deal were not disclosed.
North American Dismantling Corp. said it has signed a letter of intent with an employer interested in occupying the property after renovations take place. NADC will identify the company once a deal is finalized. NADC said the new development would initially create 30 to 50 new jobs, with potential for expansion.
GM had used the site as a warehouse until 2009; production, however, ended in the 1980s.
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