County Purchases Property Near General Motors Plant

By Scott Sarvay

November 10, 2010 Updated Nov 10, 2010 at 6:41 PM EDT

ALLEN COUNTY, Ind. (Indiana's NewsCenter) - Allen County leaders have made an unusual deposit into what's called "the Land Bank."

The county is in the process of purchasing 151 acres near the General Motors plant for $1.4 million.

The property already has water and sewer lines. All that is left is finding someone to move in.

County Commissioner Nelson Peters says, “It will leave us from dotting so many i's and crossing so many t's in terms of getting the utilities, doing everything we need to do to get that site, site ready for a perspective employer.”

Peters went on to say the county has $3.6 million left in the land bank and intends to shop around for more property.

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