[CPEO-BIF] Tesla Motor's San Jose (CA) greenfield doesn't qualify

[Lenny Siegel <lsiegel@cpeo.org>]

Plans for Tesla auto plant in San Jose appear doomed

By Matt Nauman
San Jose Mercury News (CA)
January 29, 2009

Tesla Motor's plans to build a 500-worker auto assembly plant in San 
Jose appear to be dead.

The company failed to secure $100 million in venture financing for the 
factory in the fall, and now realizes that the $450 million it hopes to 
get from government loan programs favor retrofitting existing buildings 
rather than constructing new ones in green fields, company spokeswoman 
Rachel Konrad said Thursday.

...

Tesla continues to wait for government loans from programs promoting 
alternative-vehicle technologies to help defray the cost of building its 
factory and second electric car, the Model S. Those programs, Konrad 
said, favor companies with plans to retool existing buildings, or 
so-called "brown-field" sites.

...

For the entire article, see
http://www.mercurynews.com/business/ci_11583367

--


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



_______________________________________________
Brownfields mailing list
Brownfields@lists.cpeo.org
http://lists.cpeo.org/listinfo.cgi/brownfields-cpeo.org