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Article: Caterpillar Logistics Services to move into Waco's old General Tire building.
- Article from:
- Waco Tribune-Herald (Waco, TX)
- Article date:
- February 2, 2007
CopyrightCOPYRIGHT 2007 Waco Tribune-Herald. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: J.B. Smith
Feb. 2--Caterpillar Logistics Services is close to a deal to bring the huge, abandoned General Tire building back to life as a distribution center.
The Waco City Council on Tuesday will vote on giving $400,000 in city and county incentives to the company, which plans to take over more than 900,000 square feet of the building, a massive symbol of one of the city's most trying economic periods.
Caterpillar would spend $7.6 million on improvements by summer and employ up to 40 people at a wage of $12 an hour or more, city documents show.
Caterpillar officials and the real estate broker on the deal, Bland Cromwell, ...