[CPEO-BIF] Allis Chalmers site, LaPorte, Indiana

[Lenny Siegel <lennysiegel@gmail.com>]

LaPorte sees hope at old site


BY STAN MADDUX
Gary Post Tribune (IN)
April 4, 2008

LaPORTE -- A developer has signed a contract to turn the area 
surrounding the former Allis Chalmers brownfield site near LaPorte's 
downtown into an outlet for major retailers.

"This is our first step back," said Tim Gropp, executive director of the 
Greater LaPorte Economic Development Corp.

Despite the dotted line being signed, there are no guarantees.

But at least the development group can say to the nationally known 
retailers already lined up to build, "This is the green light. Let's 
go," said LaPorte City Attorney Don Baugher.

Under terms of the contract signed this week, Reliance Capital of 
Cincinnati has agreed to develop the 156,000 square feet into retail 
space and invest $15 million in the project.


...

For the entire article, see
http://www.post-trib.com/business/877078,lpdevelop.article

-- 


Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org



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