Big announcement for shuttered Chrysler plant
KSDK
January 27, 2011
A big announcement Thursday could lead to thousands of new jobs at the former Chrysler plant in Fenton.
State Senator Eric Schmitt and State Representative Mike Leara say they have a plan for the vacant 300 acres at the Chrysler plant.
State officials hope to lure new business to the area by offering tax credits and property tax relief for redevelopment.
Supporters said attracting new companies to the Chrysler site will benefit the region as well as the state of Missouri.
"Basically if a company comes in and promises good paying jobs with benefits we are allowing them to keep some of the withholding taxes," said Senator Eric Schmitt.
Redevelopment bills are being filed Thursday and will have to make their way through the legislative process.
Details of the plan are being released Thursday at 3 p.m. at Fenton City Hall.
