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Ex-GM site to receive $25M for cleanup

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Staff Report Updated 1:47 AM Thursday, October 21, 2010

The Obama administration has reached a deal on a $773 million environmental trust, the largest of its kind in U.S. history, to clean up dozens of former General Motors sites spread over 14 states, including the former GM assembly plant in Moraine, officials said Wednesday.

The trust includes $25.8 million earmarked for the former GM assembly plant in Moraine. The funds will target automotive sites containing hazardous waste that were left shuttered by the auto giant’s bankruptcy last year. About half of the 89 sites covered by the trust are in Michigan and others are in Indiana, New York and Ohio.

Ohio is to receive a total of $39 million for cleanup of GM sites in Moraine, Elyria, Mansfield, Parma and Toledo, with Moraine getting the largest portion.

Dave Hicks, Moraine city manager, sees the announcement as another step in finding productive uses for the plant, which closed in late 2008.

“We’re delighted to hear that,” Hicks said of the funds. “That is consistent with what we’ve been told before.”

Hicks said he has met with three potential plant buyers recently and plans to travel to Detroit today to meet with Motors Liquidation Co., the plant’s owner, to talk about the next steps in selling the property.

A decision on a buyer could come next month.

General Motors received  $50 billion in government aid to get through its bankruptcy. GM is 61 percent owned by U.S. taxpayers and planning an initial public offering that will allow the government to begin reducing its stake.

The money for Moraine would be used to remove contaminated soil and structures and monitor ground water, Ohio Attorney General Richard Cordray said.

The funds will come from more than $1 billion provided by the Treasury Department to wind down the “bad” assets of General Motors set aside in the bankruptcy.

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