General Motors has officially sold its former Janesville, Wisconsin, assembly plant, the GazetteXtra reported on Wednesday. The facility was once home to car, truck and SUV production.
St. Louis, Missouri’s Commercial Development Company signed on the dotted line this morning and officially closed the sale. The company did not provide additional details on the sale and what will become of the former manufacturing facility. General Motors and the new owner will hold a press conference on Thursday to discuss the site’s future. GM shut the plant down in 2009 during the height of the Global Financial Crisis and officially took the facility offline in 2015.
Original plans surrounded clean-up and repurposing for new industrial tenants. However, if Commerical Development Company cannot find a suitable tenant, portions of the plant could be demolished. Razing the plant entirely isn’t off the table, either.
At its peak in the 1970s, Janesville employed 7,000 workers and produces hundreds of thousands of cars.