Racer Trust sold the old GM plant to Elio Motors. A key provision of selling the plant to Elio was the company's promise to create 1,500 jobs manufacturing its three wheeled concept vehicle in Caddo Parish.
It now appears Elio can not afford to purchase the plant, and the promise of those 1,500 jobs materializing is doubtful.
We are petitioning the Caddo Parish Commission to keep its cash and ask Racer Trust to re-market the property to find a more qualified and financially stable buyer than Elio Motors.
I do not support using $7.5 million of hard earned, Caddo Parish taxpayer monies if it will not result in a significant number of good, high paying jobs, as was expected of Elio Motors, the company currently under contract to buy the old GM plant from Racer Trust.
Please ask Racer Trust to re- market the old GM plant to a more qualified and financially stable buyer.
In the meantime, let's keep our hard earned tax dollars under the financial management of the parish.