Published on Thursday, 21 January 2010 19:00
City government expects to soon have a document that leaders hope will serve as a guide to redeveloping the former General Motors Corp. assembly plant off Ohio 741.
Moraine City Manager Dave Hicks hopes to have a final report from Angelou Economics, of Austin, Texas, Monday, Jan. 25.
“This is just one more tool we have in our tool box to improve economic conditions here,” Hicks said this afternoon.
The city hired Angelou last year for guidance on how to bring new business to the plant’s approximately four million square feet of industrial space.
“It talks in general about the kind of industries we should go after: Aerospace, for example,” Hicks said.
Two possible developers already have expressed interest in the site.
One developer is Downey, Calif.-based IRG (Industrial Realty Group). IRG bought former Delphi Corp. property around Cincinnati Street off Interstate 75 and is known outside Dayton for redeveloping a former Ford assembly plant in Lorain, as well as the Goodyear headquarters in Akron.
Another possible developer is Covington Capital, which controls the former Cooper Tire building off Dryden Road.
The expected report also will identify specific businesses within target industries to which city leaders could consider marketing. Hicks said those businesses won’t be publicly identified.
Steve Vierck, Angelou Economics president of economic development, said Friday the report is nearly complete.
The nine-month project for his firm identifies several industries or economic clusters that Moraine might target: advanced materials and manufacturing, aerospace, renewable energy, health services technology, business and professional services and logistics and distributions. Vierck also mentioned UAV (unmanned aerial vehicle) manufacturing.
He suggested the city concentrate on an intersection of aerospace, materials and renewable energy. “We can see that facility doing those three things,” Vierck said, adding that he is “optimistic.”
“I think the Dayton area will have success,” he said. “I really do.”
Hicks also expects recommendations on parts of the plant that can be saved and parts that can “go away.”