Braun: Indiana approves sale of former GM Stamping Plant to Elanco Animal Health

INDIANAPOLIS -- The office of Indiana Gov. Mike Braun announced on Monday that the state-owned land at the former GM Stamping Plant site near downtown Indianapolis has been sold.




According to a news release from Braun's office, the state sold the plant site to Elanco Animal Health for $27 million, allowing the company and its partners, like Purdue University, to "accelerate" the creation of an innovation district downtown.




With the sale, the land will now be under private ownership, according to the release. Braun's office said the state of Indiana will continue to be an "active partner" to support the site's future development through the Indiana Office of Commerce.




"This agreement is a responsible step forward," Indiana Gov. Mike Braun said in the release. "It places this property in the hands of a company with a clear vision of a world-class innovation district, while ensuring the state of Indiana remains a full partner in what comes next. This is about more than redeveloping land; it's about creating jobs, attracting talent, and driving long-term growth for Indiana."

The release said the district, anchored by Elanco's global headquarters, is expected to connect research institutes, pilot-scale facilities, diagnostic labs and animal clinical care with housing, retail and green spaces. Officials aim for this area to become a "globally significant destination for innovation" that helps attract companies, talent and investment.




"This is about partnership and progress," Jeff Simmons, the CEO of Elanco Animal Health, said in the release. "The state's willingness to work with us-not as a landowner but as a partner-makes this possible. Securing this property now gives us the certainty we need to integrate it into our headquarters campus and move forward with speed. That means jobs, investment and an accelerated path to creating an innovation district dedicated One Health. In the near term, we're excited to join the Valley Neighborhood with our move to our new global headquarters in early October. We see it as the first of many big moments for the district. Together with Purdue and the state of Indiana, we're building something that will drive innovation and improve lives for decades to come."





via: https://fox59.com/indianapolitics/braun-indiana-approves-sale-of-former-gm-stamping-plant-to-elanco-animal-health/