Cook Group expects to close on the $6.5 million purchase of Bloomington’s former General Electric plant by the end of the month.
Baltimore-based Cross Street Partners has been chosen to take on the redevelopment of the General Electric Broadway Campus in Fort Wayne.
GE management is proposing closing the Bloomington plant, but says 94 percent of employees are eligible for a retirement package.
More than 300 workers will be impacted if the closure moves forward.
The president of Bloomington’s electrical workers union says the union will likely finalize the tentative agreement with GE next week.
How Indiana lawmakers are addressing sexual assault, a Chinese school in Terre Haute is expanding and we go back to the largest disaster in state history.
GE announced plans earlier this month to lay off 160 workers from its Bloomington plant.
The president of a local union says the company has not created 200 jobs it promised in 2010.
Bloomington’s mayor says an announcement of $93 million more in investment for the city’s General Electric plant does more than just boost the city’s economy.
General Electric plans to invest $93 million in its Bloomington facility.