2 local GM sites in line for federal cleanup money
Dayton Daily News – Two Moraine industrial sites — a former General Motors assembly plant and a former Delphi parts plant — are among more than 90 former GM sites in the country targeted for cleanup and reuse as part of an $836 million plan unveiled by the Obama administration Tuesday, May 18.
A third local site eligible for the funding is known as the Moraine Lagoon, according to Sen. Sherrod Brown’s office.
The plan was unveiled at a Washington, D.C., forum on auto communities hosted by the White House Council on Automotive Communities and Workers, the U.S. Dept. of Labor, the Brookings Institution and the Funder’s Network for Smart Growth and Livable Communities.
The plan calls for a trust to be established that would include $536 million for the clean up of properties and $300 million to help states and communities cover property taxes, demolition costs, plant security and other related expenses, according to a White House news release issued Tuesday, May 18.
The funding comes from $1.2 billion provided by the Treasury Department to wind down the “bad” assets of GM set aside in the company’s bankruptcy last year.
