Moraine, Ohio – Former General Motors Assembly Plant

Challenge
General Motors (GM), one of America’s leading automotive manufacturers, shut down its Moraine assembly plant in 2008, impacting more than 2,000 workers and severely affecting the local economy. The 3.9-million-square-foot campus, situated on over 200 acres, remained vacant until 2011, when a bankruptcy agreement allowed it to be put up for sale. The site was plagued by abandoned machinery, years of neglect, and significant environmental issues, which hindered its sale.

Solution
ICP recognized a unique redevelopment and community revitalization opportunity in the abandoned facility. They purchased the entire campus and initiated a comprehensive revitalization effort. Through a combination of demolition, land sales, redevelopment, and space reallocation, ICP restored the vitality of the former manufacturing facility. The first new tenant, Fuyao Glass America, acquired 1.5 million square feet in 2014, and additional industrial tenants leased another 550,000 square feet. Furthermore, with funds from a GM trust, ICP completed environmental remediation efforts across the property. They also leased and redeveloped the 390,000-square-foot former paint building, the southernmost facility. Shearer’s Food moved in during early 2025, and that freestanding portion of the campus was sold to an investor in the first quarter of 2025.

Outcome
The sale of the GM Moraine assembly plant and the paint building provided the community with employment opportunities, tax revenue, and ongoing economic stimulation. With an overall capital investment exceeding $700 million, ICP and the new tenants have created approximately 2,500 jobs, generating an annual payroll of over $100 million. Additionally, local businesses have benefited from increased support related to short-term construction activities and long-term patronage from employees.