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Bankruptcy Court settlement agreement to redevelop former GM locations. “We The Caddo Parish Commission also is negotiating potential incentives to support Elio’s redevelopment of the former GM site. Elio Motors is purchasing the GM plant from the Revitalizing Auto Communities Environmental Response Trust, known as the RACER Trust.
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Many locations adhere to statutory incentives, with legally mandated conditions, and avoid discretionary incentives, which are negotiated for a particular deal. So the federal bailout of General Motors, the restructuring of the company, the shedding of aging plants and GM’s subsequent investment of $7.3
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