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Tipton Finalizing Details For New Chrysler Plant

Tipton is hoping Chrysler comes back to town. The automaker is looking to invest $162-million to start building a new transmission next year.

Nothing is final, but Chrysler received preliminary approval from Tipton county commissioners Monday on tax abatements for a vacant building. That building was constructed several years ago to house a transmission plant to be operated jointly by Chrysler and German company Getrag. That plant never opened.

Tipton Mayor Don Havens says the shell of that old building really needs a new tenant.

"A lot of community leaders have driven past that plant over the last four or five years and seen that as a glass half full, knowing there‘s an opportunity there for someone, just not knowing who it would be or when it be," he says.

Tipton officials are hoping Chrysler returns - bringing with it-850 jobs. The Tipton city council is expected to finalize the tax abatement deal Tuesday.

Meanwhile, Chrysler‘s request for tax abatements is also moving forward in a nearby city. The company intends to invest in new equipment for its Kokomo facilities and that investment could mean at least 400 new jobs.

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