Ontario signs development agreement for former GM property

Monroe Trombly Mansfield News Journal

Ontario mayor Randy Hutchinson gives council members a tour of the former GM property and discusses plans for the Ontario Commerce Park.ONTARIO – Ontario has reached an agreement with a commercial real estate developer regarding Ontario Commerce Park, site of the former GM plant.

Ontario City Council on Wednesday unanimously approved a development agreement with Cleveland-based Industrial Commercial Properties, giving the company the option to buy the former GM property in stages.

Ontario has owned the nearly 300-acre property, which has sat idle since the GM stamping plant closed in 2010, for just over two years.

Redevelopment has been a priority for Mayor Randy Hutchinson, who said in a statement that he looks forward to the city’s partnership with Industrial Commercial Properties (ICP).

For now, ICP is paying $525,000 to buy six acres and the press prep building — the lone standing structure after the other buildings were demolished in 2013.

Leave a Reply

Your email address will not be published. Required fields are marked *