REI Investments agrees to buy former Indy GM plant property

INDIANAPOLIS (WISH) — An agreement has been reached to sell the former General Motors Stamping Plant property west of downtown Indianapolis.

RACER Trust announced on Monday it has reached a deal to sell the 102-acre former site to REI Investments for an undisclosed amount.

RACER Trust says the city has set 56 acres at the western edge of the property as its preferred location for construction of a consolidated city-county justice center.

The remaining half of the property “would be developed pursuant to an agreement to be reached between REI Investments and the city,” a release from RACER Trust said.

Proposals for use of the other half of the property have included a 15,000-capacity outdoor concert venue and mixed use residential/office space. provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others and keep the conversation on topic and civil. If you see an inappropriate comment, please flag it for our moderators to review.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s