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Article: Site worth millions less, liquidators say ; Attorney and two consultants put the plant's current value at $21,413,101.
- Article from:
- Dayton Daily News
- Article date:
- October 15, 2009
- Author:
CopyrightCopyright 2009 Dayton Daily News. Provided by ProQuest LLC. (Hide copyright information)
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DAYTON -- The value of the former General Motors Corp. Moraine
assembly plant has fallen some $600,000 since March, according to
Motors Liquidation Co., the company responsible for assets GM
discarded this summer through bankruptcy.
In March, GM appealed to Montgomery County to reduce the value of
its closed midsize SUV assembly plant from the county's valuation of
$69 million to $22 million.
On Wednesday, Oct. 14, an attorney and two consultants for Motors
Liquidation put the plant's current value at $21,413,101. The three
appeared before the Montgomery County Board of Revision arguing for
that property value.
In December 2008, GM closed the plant found on about 177 acres
between ...