Environmental work almost completed on former stamping plant property
FREE NEWSLETTERS The former GM stamping plant site before any work began on Waterside. (IBJ file photo)
Environmental work on the former General Motors stamping plant property west of downtown is nearly complete, as plans move ahead for Elanco Animal Health Inc. to build a $100 million corporate headquarters on the site.
Remediation on the now 91-acre site has been ongoing for the past two years after the land was sold for $3 million to Ambrose Property Group in 2018 for a planned, massive development project that was called off.
The state of Indiana recently bought the property from Ambrose for the Elanco project and a planned revitalization of the White River riverbank and surrounding neighborhood. The Indianapolis Zoo received another 13 acres in a donation from Ambrose last year.
The Globe and Mail Adam Mayers Published December 14, 2020
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Animal welfare organizations across Canada have seen a surge in demand for pet adoptions as Canadians spend more time at home during the pandemic and opt for the comfort of animal companionship and the distraction that it provides from the hard realities of COVID-19.
For investors, health care for pets and livestock offers another way to look at this trend. It is growing strongly, has solid fundamentals and committed customers.
Kristin Peck, chief executive officer of Parsippany, N.J.-based Zoetis Inc. (ZTS-N), the largest pure animal pharmaceutical company, said as much in a recent conference call during which she called animal health care a “steady and reliable sector,” even in times of economic hardship.