Alstom Plant sold for $30 million dollars

CHATTANOOGA, Tenn. (WDEF) – A local group bought the former Alstom manufacturing site in Chattanooga for $30 million.

With it’s new owner, officials say the group that is taking over has big plans for it.

The 95 acre site on Riverfront Parkway was purchased by an investor group headed Jimmy White for 30-million dollars.

The property is adjacent to a former plant, which made parts for wind turbines.

That’s also owned by West End Property…White’s group.

“TDEC can confirm that this property is in the process of being sold. We are not aware of particular redevelopment plans at this time. We have a Brownfield Voluntary Agreement with GE that requires public notice, a Soil Management Plan, and Land Use Restrictions – including single family residential. We will work with the purchaser if the site is redeveloped.”