Prime industrial land for sale/lease in Shreveport, LA

Transcription

RACER TRUST PROPERTY AVAILABLE IN SHREVEPORT, LA
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Prime industrial land for sale/lease in Shreveport, LA
January 2012
racertrust.org
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Table of Contents
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Property Summary
Property Location
Property Assets
Property Details
Property Ownership and Recent History
Environmental Conditions
Collateral Information, including:
Transportation Assets
Access/Linkage
Airports
Port Facilities
Regional Bus Service
Utilities and Natural Gas
Zoning and Business Assistance
Regional Overview, including:
Community Snapshot
Workforce Programs & Services
Education
Largest Manufacturing Employers
Employment Snapshot
Medical Facilities and Emergency Services
Links to Helpful Resources
Demographic Information
RACER Summary
Conditions
Transaction Guidelines/Bid Instructions
Links for Bidders
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Property Summary
Shreveport Assembly and Stamping Plant
7600 General Motors Boulevard
Shreveport, LA 71130
This plant comprises a 529.8-acre area located in a quality
industrial park southwest of Shreveport, LA. While not in the
City limits (the Property is located in Caddo Parish), it enjoys
City services and utilities. The main building contains more
than 1.8 million square feet of air-conditioned floor space and
approximately 18 miles of conveyor line for assembly under
one roof. Wastewater treatment, heating, steam generation,
deionized water, bulk-fluid transfer and air conditioning is
supplied by the plant’s powerhouse.
County:
Caddo Parish
Land Area:
529.8 acres
General Description:
One main building with 1.8 million
square feet and an associated paint
shop building with 1.5 million square
feet
Zoning:
I-2 Industrial District (land and structures used for heavy manufacturing located with convenient
access to existing and future arterials, thoroughfares and railways)
Tax Parcel Number:
171528000002800
RACER Site Number:
11920
More information about this property may be reviewed on RACER’s website at
www.racertrust.org/Properties/PropertyDetail/Shreveport_1192/Details_1192.
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Property Location
Shreveport Assembly and Stamping Plant
7600 General Motors Boulevard
Shreveport, LA 71130
©2011 Google - Imagery ©2011 Cnes/Spot Image, DigitalGlobe, GeoEye, U.S. Geological Survey, USDA Farm Service Agency, Map data ©2011 Google
*Disclaimer: Property boundaries presented on this map are for informational purposes only and have not been prepared for legal, engineering, or
surveying purposes. RACER makes no representations as to the accuracy of the maps, aerial photographs, or boundary depictions contained herein.
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Property Assets
• Ideally suited for heavy manufacturing use with ample
room for expansion opportunities.
• Rail service to Property.
• Heavy utility available to Property; heavy utility
distribution within facilities.
• Good geographical access.
• Buildings in excellent condition.
• Local community boasts good quality of life and
pro-industry attitude.
• Abundant skilled labor workforce.
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Property Assets (continued)
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Property Assets (continued)
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Property Details
Overview
Location
Tax Parcel ID Numbers
Total Land Area of Property (Acres)
Total Land Assessed Value*
Total Improvement Assessed Value*
Total Assessed Value*
Total Annual Property Taxes
Zoning
Visibility
Shape
Road Frontage
Road Access
Number of Structures at Property
Types of Structures at Property
Total Floor Area (SF)
7600 General Motors Boulevard, Shreveport, LA 71130
171528000002800
529.8
$655,970
$2,016,050
$9,038,720
$136,467
I-2 Industrial District (land and structures used for heavy
manufacturing), with convenient access to existing and
future arterials, thoroughfares and railways
Average
Irregular
4,365 feet
Adequate
3
Main plant including former assembly and stamping areas;
associated paint shop and sludge building; wastewater
treatment plant and power house
3,386,975
*Assessed values are significantly reduced through a tax abatement program.
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Property Details (continued)
Utilities
Electricity
Sewer
Water
Natural Gas
Adequacy of Utilities
Licenses for Temporary Use (If Any)
Storm Water Management System
Wastewater Management System
Industrial Pretreatment System
Vehicle Parking (Number of Spaces)
Prior GM Use
Surrounding Owners/Uses
Rail Service
Name and Proximity to Nearest Interstate Highway(s)
Name and Proximity to Nearest Commercial Airport(s)
Name and Proximity to Nearest Commercial Seaport(s)
School District
Available at site
Available at site
Available at site
Available at site
Available at site
Adequate
GM manufacturing operations to continue until
August 31, 2012
On-site wastewater treatment plant
N/A
Manufacture of mid-size pickup trucks
Industrial land to north and east; vacant land to south;
and vacant and industrial land to west
Yes
I-20 (2 miles); I-49 (12 miles)
Shreveport Regional Airport (5 miles)
Port of Shreveport-Bossier (20 miles)
Caddo Parish Schools
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General Assembly and Stamping Plant
Year Constructed
Floor Area, General Assembly Area (SF)
Floor Area, Stamping Area (SF)
Floor Area, Body Shop Area (SF)
Number of Floors
Roof Construction
Mezzanine Floor Type
Column Spacing
Dock Doors, General Assembly Area
Dock Doors, Stamping Area
Dock Doors, Body Shop Area
Floor Type
Elevators
2002
997,375
240,000
602,500
1
Single ply membrane
Metal
50’ (General Assembly Area and Body Shop Area)
49
4
10
Concrete
1 freight in Stamping Area
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General Assembly and Stamping Plant (continued)
Fire Suppression System
Lighting System
Heating System
Electric Service
Natural Gas Service
Steam Service
Compressed Air Service
Water Service
IT Service
Emergency Generator
Security System
Asbestos-containing Materials
Sprinklers
Sodium and/or fluorescent tube
Direct-fired natural gas or steam from powerhouse; natural
gas door heaters
Southwestern Electric Power Company 13,800
CenterPoint Energy
Provided by on-site powerhouse
City of Shreveport
Provided by HP Enterprise Services
Diesel generator
24-hour staffed gates, security cameras, 8-foot chain-link
fence topped with barbed wire, security patrols
Fire doors, roof flashing, arc chutes in substations
Note: The plant also is air conditioned.
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Paint Shop and Sludge Building
Year Constructed
Uses
Floor Area (SF)
Number of Floors
Floor Type
Ceiling Height (ft.)
Clear Height (ft.)
Column Spacing (ft.)
Roof Construction
Dock Doors
Elevators
Lighting System
Heating System
Electric Service
Natural Gas Service
Steam Service
Paint Shop
1978
Old Trim Building
1978
General Assembly Trim/Paint Shop
Medium-duty truck painting
buffer
712,800
226,800
1 - Conveyors on roof
Concrete
Concrete
32’ 8”
32’ 8”
25’ 4”
25’ 4”
~45’
~45’
Built up
Built up
Metal
None
2
4
1 - freight
None
Cardox tank
Sprinklers
Direct-fired natural gas or steam from powerhouse; natural gas door heaters
CenterPoint Energy
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Paint Shop and Sludge Building (continued)
Paint Shop (continued)
Old Trim Building (continued)
Water Service
City of Shreveport
IT Service
Emergency Generator
1 diesel generator
Fire alarm call boxes
Fire Doors, cardox system gaskets,
Fire doors, roof flashing, arc chutes
roof flashing, arc chutes in subin sub-station
station
ELPO/Phosphate Building
Sludge Building
Year Constructed
2002
1978
Uses
Electro-coating sheet metal Paint sludge processing
bodies
system
Floor Area (SF)
Number of Floors
Floor Type
Ceiling Height (ft.)
Clear Height (ft.)
Column Spacing (ft.)
Roof Construction
Dock Doors
60,750
4
Concrete
30,375
1
Concrete
Built up
None
0
~45’
Single ply membrane
None
0
Old General Assembly
Building
1978
Skilled trades shops,
admin, main medical,
security
516,375
Concrete
32’ 8”
25’ 4”
~45’
Built up
None
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ELPO/Phosphate Building
Old General Assembly
Sludge Building (continued)
(continued)
Building (continued)
Elevators
1 - freight
None
None
Sprinklers
Lighting System
Heating System
Direct-fired natural gas or steam from powerhouse; natural gas door heaters
Electric Service
Natural Gas Service
CenterPoint Energy
Steam Service
Water Service
City of Shreveport
IT Service
Emergency Generator
Included with paint shop
Included with paint shop
1 diesel generator
Fire doors, roof flashing,
Fire doors, roof flashing,
Asbestos-containing
None
Materials
arc chutes in sub-station
arc chutes in sub-station
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WWTP and Powerhouse Building
Year Constructed
Roof Construction
Number of Floors
Floor Type
Elevators
Lighting System
Heating System
Electric Service
Natural Gas Service
Steam Service
Water Service
IT Service
Emergency Generator
Security System
WWTP
1978
Built up
2
Concrete
Concrete
None
Sprinklers
Powerhouse Building
1978
Built up
6
Concrete
Metal
1 - freight
Sprinklers
Steam/electric
CenterPoint Energy and Renovan
CenterPoint Energy
Lanfill Gas
Steam provider
Compressed air provider
City of Shreveport
Included with powerhouse
1 diesel generator
24-hour staffed gates, security cameras, 8-foot chain-link
fence topped with barbed wire, security patrols
Fire doors, roof flashing, arc chutes in sub-station
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30.8 Acres
62 Acres
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Property Ownership and Recent History
Construction of the plant began in 1978 and was completed in 1981. The facility was built on undeveloped land
onto which large volumes of soil was imported for fill.
General Motors began its manufacturing activities in the latter half of 1981. Here, GM builds Chevrolet and GMC
brand light-duty pick-up trucks. Automotive parts representing the chassis, motor, transmission-drive train, trim
accessories and all other components are manufactured at other GM facilities and/or GM vendors and shipped to the
Property via railroad, highway or air for final assemblage. The main processes that occur at the plant include: welding
of steel subassemblies and parts into trucks and sheet-metal assemblies; washing and painting; inside and outside
hardware assembly; chassis assembly including installation of the engine, axle, transmission, and associated parts
to the chassis frame; and final assembly operations for a finished truck. Other operations include final truck repairs,
maintenance, administrative offices and other minor associated activities.
The property was expanded to the east in 2002. Operations were expanded with a new stamping plant and general
assembly body shop areas. Significant modifications also were made to the natural gas-fired powerhouse and paint
shop.
The RACER Trust acquired the Property in March 2011. GM now leases the Property from RACER and has
announced its intention to shut down manufacturing operations at the Property on August 31, 2012, because of
shifting consumer demand.
The Property is expected to be available for purchase or lease early in 2013.
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Environmental Conditions
In 1984, GM submitted a Resource Conservation and Recovery Act (RCRA) Part A application to the Louisiana Department
of Environmental Quality (LDEQ) for the storage of hazardous waste over 90 days at two hazardous waste management
units: the Drum Waste Management Pad and the Thinner Tank System Pad. These areas are discussed below.
GM removed the only underground storage tank on the property (a 5,000-gallon steel tank) and associated underground
service lines. An existing above-ground fuel system was modified to handle the operations previously assigned to the
underground tank system. The project was documented in a closure report dated December 14, 1989, and complied with
all current state and federal regulations. LDEQ approved the closure in a letter dated January 31, 1990.
In April 1992, the LDEQ completed a RCRA Facility Assessment for the Property, which was designed to identify
environmental releases or potential releases from Solid Waste Management Units (SWMUs). Fourteen SWMUs were
identified, including: the Solid Waste Separator Area; the Sludge Storage Area; the Waste Treatment Area; the Barrel Storage
Area; the Waste Thinner Tank Area; the Central Sludge-Sludge Storage Areas; the Strip Room; the Tank Farm; the Retention
Basin; the Emergency Electrical Generators; the Paint Mix Sealer and Powder Storage; the West Side Expansion Area; the
ELPO Pump House; and the Chrome Treatment Area. After completion of the preliminary review and a site visit, the LDEQ
found no evidence to warrant further investigation of any of these areas.
During a proposed expansion plan in December 1999, GM completed a Phase II investigation, as required by LDEQ, of two
undeveloped tracts east of the Property. In January 2000, additional soil and groundwater data were collected. Groundwater
metal concentrations were detected above screening standards. Additional groundwater data collected in November 2005
indicated that lead concentrations were greater than the screening standards. In May 2006, a Risk Evaluation/Corrective
Action Program Report and Request for No Further Action was submitted to LDEQ, based on current land use and
exposures. LDEQ approved the No Further Action letter on October 11, 2006.
GM operated the Drum Waste Management Pad and the Thinner Tank System Pad from 1979 to April 26, 2002. While the
facility was considered as an interim status hazardous waste storage facility, the storage that did occur was within an aboveground tank and in drums stored on curbed concrete. Waste has not been stored in surface impoundments, waste piles or
disposed of on-site. In May 2001, GM submitted a Hazardous Waste Storage Facility Closure Plan to the LDEQ, which was
approved by LDEQ on February 27, 2002. Activities associated with the closure of the two areas began March 5, 2002, and
were completed April 26, 2002.
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Environmental Conditions (continued)
To verify that operation of the two hazardous waste storage areas had not adversely impacted subsurface soils or groundwater
at the Property, GM conducted a site investigation. Associated tanks and pads were dismantled, removed and disposed or
recycled. A loading pad was replaced with concrete and the remainder was covered with rock to facilitate reuse for parking
or equipment storage. The Drum Pad was decontaminated and inspected for integrity and will continue to be used for <90day storage of hazardous waste until GM ceases operations at the Property. LDEQ approved the closure of the plant’s interim
status in a letter dated February 16, 2004.
In 1999, a small landfill was removed from the Property and a Fire Training Area, used to simulate conditions within the
plant during emergencies, was investigated. Reportedly, diesel fuel was introduced and ignited within the structures and the
resultant fires were doused using extinguishers and water hoses. The results of the investigation indicated that a very limited
area of shallow soil impact occurred. An appropriate evaluation of the data was conducted and no further investigation was
deemed necessary. LDEQ issued a closure approval letter for the area on July 1, 1999.
Based on the above, the relatively young age of the plant and the systems in place to prevent issues, there are no current
open or unresolved environmental issues on the Property. As a result, the Settlement Agreement that established the Trust
set aside $0 for future investigations and potential cleanup activities.
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Collateral Information: Transportation Assets
Airport
Railroad
Line
Highway
Property
Port
1 mi
2 km
©2011 Google - Imagery ©2011 Cnes/Spot Image, DigitalGlobe, GeoEye, U.S. Geological Survey, USDA Farm Service Agency, Map data ©2011 Google
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Collateral Information: Access/Linkage
Northwest Louisiana is central to the entire Southeast and boasts an intermodal
network of interstate highways, railways, airports, and four interconnected ports
with access to deep water. Ground transportation can deliver goods to nearly 30
million consumers in some of America’s largest markets in just one day. This
makes Northwest Louisiana an ideal location for companies that need quick
access to multiple population centers.
The region is served by three interstate highways: I‐20, I‐49 and I‐220.
Completion of I-49 between the Arkansas state line and Shreveport, which will
enhance the connection between Texarkana and I-30, is expected within the
next 3 years. I-49 offers convenient access to I-10, the southernmost interstate
highway that stretches coast-to-coast. A third interstate, the proposed I‐69, also
will serve the region as a north/south corridor. U.S. Highways 63, 71, 79, 80,
84, 165, 167, 171, 371 and 425 also serve the region.
The Shreveport Property is located two miles from I-20, convenient to two interchanges, and five miles from Shreveport
Regional Airport, which has a Free Trade Zone designation.
Two Class I railroads also serve the area — Union Pacific Railroad (www.up.com) and Kansas City Southern Railway
(www.kcsouthern.com). There also is a connection to the Burlington Northern Santa Fe Railway (www.bnsf.com). The largest
railyard in the KCS network is located in Shreveport. UP also has a substantial presence in the area.
*Information obtained from North Louisiana Economic Partnership.
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Collateral Information: Airports
Two primary airports serve the Shreveport area.
• Shreveport Downtown Airport — www.shreveportla.gov/airport/dtnairport.htm
Shreveport Downtown Airport, located just north of downtown Shreveport in Bossier Parish, has two runways — 5,017
feet and 3,200 feet. It accommodates private aviation, mostly small planes and helicopters.
• Shreveport Regional Airport — www.shreveportla.gov/airport
Shreveport Regional Airport, located in southwest Shreveport (Caddo Parish), is served by five regional air carriers, with
flights to Atlanta, Dallas, Houston, Las Vegas, Memphis and seasonal service to Destin and Orlando. It has two 8,351foot runways and two 6,202-foot runways. The airport is recognized as the second-busiest air cargo airport in Louisiana,
with daily service through FedEx Express and United Parcel Service.
*Information obtained from
North Louisiana Economic
Partnership.
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Collateral Information: Port Facilities
The Port of Shreveport-Bossier is a 2,300-acre, multi-modal transportation and
distribution center that links customers throughout the region to domestic and
international markets. As one of the fastest inland ports in the nation, The Port
of Shreveport-Bossier (www.portsb.com) is known for its ease of doing business
and for having some of the lowest utility rates in the country.
Located on the Red River Waterway just south of Shreveport-Bossier, the port
has immediate access to barge, rail, motor freight and air transport, providing a
robust network of distribution.
The port provides access to the Mississippi River, Gulf Intercoastal Waterway and
Gulf of Mexico. It features a Free Trade Zone, Enterprise Zone and U.S. Customs
Port of Entry designation.
The broader region has three other shallow draft ports and access to the
Louisiana Port Network, the largest network of ports in the U.S.
Primary cargoes at the Port of Shreveport-Bossier include liquid products,
aggregate, coiled steel, plate steel, fertilizer, ship modules, containers,
scrap steel, steel beams, coal, tire chips, logs and industrial wastewater.
*Information obtained from North Louisiana Economic Partnership.
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Collateral Information: Regional Bus Service
SporTran (Shreveport Transit System) — www.sportran.org
SporTran is the largest public transportation system in northwest Louisiana. Based in Shreveport, SporTran provides service
to Shreveport and Bossier City.
Its 50 buses operate daily, including weekends. It has nine vans that serve as a demand‐response transit system for the
disabled, including three that are available on weekends. Discount fares accommodate students, senior citizens and
monthly riders.
*Information obtained
from www.spotran.org.
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Collateral Information: Utilities
The City of Shreveport, Caddo Parish and the Shreveport/Bossier City MSA area is served by AEP Southwestern Electric
Power Co. (www.swepco.com), an operating company of publicly held Columbus, Ohio-based American Electric Power
(AEP). AEP SWEPCO’s operating headquarters is based in Shreveport. The company is known for its reliable quality and
competitive rates.
Industrial electric rates in the AEP SWEPCO compare favorably to state and national averages. As of June 30, 2011, the
industrial average electric rate for AEP SWEPCO was 5.46 cents/kWh compared to the state average of 5.62 cents/kWh and
the national average of 6.68 cents/kWh, according to the Edison Electric Institute bi-annual survey. AEP SWEPCO’s average
industrial rate was 2.9 percent less expensive than the state average and 18.3 percent less than the national average.
The Property is supported by a strong 138 kV transmission source. The facility is served by dual 12,500-volt distribution
lines through dual 40 MVA transformers with multiple delivery locations within the facility. AEP SWEPCO provides
maintenance services to a substation that is on the Property.
Collateral Information: Natural Gas
CenterPoint Energy (www.centerpointenergy.com) provides natural gas service in Northwest Louisiana and to the Property.
With more than 5 million metered customers and a long history of service, CenterPoint Energy is composed of: an electric
transmission and distribution utility serving the Houston metropolitan area; local natural gas distribution for businesses in
six states; a competitive natural gas sales and service business serving customers in the eastern half of the U.S.; interstate
pipeline operations with two natural gas pipelines in the mid-continent region; and a field services business with natural gas
gathering operations, also in the mid-continent region.
Shreveport’s proximity to natural gas in the Haynesville Shale keeps energy costs low and results in billions of dollars of
economic activity for the region. There are more than 100 natural gas rigs in Northwest Louisiana.
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Collateral Information: Zoning and Business Assistance
The Property is zoned Industrial.
The Caddo Parish government (www.caddo.org) and the Metropolitan Planning Commission
(www.shreveportla.gov/MPC) can provide detailed information and support as needed.
Companies, consultants or other representatives considering investment in the area can rely
on support from several other organizations as well.
The North Louisiana Economic Partnership is a private, non-profit economic development
marketing organization that often serves as the first stop for either existing companies
or prospective companies looking to expand or locate in the Shreveport metro area and
northwest Louisiana. NLEP facilitates information gathering with useful tools and resources
on its website, www.nlep.org, and with customized request-for-information packets. NLEP’s
services include advice and advocacy on incentives, building a team of partners to support growth plans, and providing
logistical support and coordination for site visits, all at no cost to businesses. NLEP helps companies/consultants with direct
connection and introduction to local business leaders and others as desired as part of the review and selection process,
including leaders with Caddo Parish, Shreveport and other entities.
The NLA Employment Opportunities Network, or NEON (www.workthisway.org) is a branded initiative of the NLEP. NEON
offers a variety of resources for businesses and individuals considering a move to northwest Louisiana, including news and
advice about workforce recruitment, connections to area colleges and universities, and cultural and community information
that are important to both local and out-of-town employers and prospects.
Louisiana Economic Development is responsible for strengthening the state’s business environment and creating a
more vibrant Louisiana economy. To position Louisiana for greater economic success, LED is aggressively pursuing eight
integrated economic development strategies:
• Increase state economic competitiveness.
• Cultivate top regional economic development assets.
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Collateral Information: Zoning and Business Assistance (continued)
• Enhance community competitiveness.
• Focus on business retention and expansion.
• Develop national-caliber business recruitment capabilities.
• Cultivate small business, innovation and entrepreneurship.
• Develop robust workforce solutions.
• Tell the story of Louisiana’s economic renaissance.
LED strives to help businesses find the resources they need to make relocation and expansion a successful, profitable
endeavor. LED recently was ranked the No. 1 state economic development agency in the nation.
Louisiana FastStart (www.louisianaeconomicdevelopment.com) is a free and customized service provided to qualifying
companies wishing to operate in Louisiana. To qualify, a company must first commit to creating a net of at least 15 new,
permanent manufacturing jobs, or a net of at least 50 new, permanent service-related jobs. Louisiana FastStart works
with a wide variety of companies — from advanced manufacturing to corporate headquarters, customer support to game
development and other digital media facilities. Louisiana Economic Development also has listings of incentives available to
business, including federal and state tax incentives, the application process, and so forth. FastStart has twice been ranked
the top state workforce development program/solution in the nation.
The state of Louisiana offers a host of other incentive programs, including Enterprise Zone tax credits, Restoration Tax
Abatements and a Technology Commercialization Credit and Jobs Program. For more information on Louisiana’s incentives,
please call 225-342-5675.
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Regional Overview: Community Snapshot
Forbes.com and KPMG Competitive Alternatives ranked the northwest Louisiana region the most cost-competitive
region in the nation and in North America, respectively, in 2010. The region delivers both value and quality.
Northwest Louisiana is home to 12 universities and colleges, approximately 130,000 individuals with associate
degrees or higher, and a civilian labor force of 341,281 workers familiar with manufacturing processes.
The Shreveport-Bossier Metro Area has among the nation’s most vibrant, diverse, and balanced economies of its
size. The Bureau of Economic Analysis has ranked the metro area among the top 10 for regional GDA growth in
both 2009 and 2010.
Caddo Parish, where the Property is located, has more than 250,000 residents, and the Shreveport-Bossier City
metropolitan area is home to more than 375,000 residents. The broader northwest Louisiana region has more
than 800,000 residents in 14 parishes. The warm climate makes outdoor recreation a year-round possibility.
Shreveport is considered to be the commercial and cultural center of the Ark-La-Tex confluence. The economy was
historically driven by oil. However, the downturn in the 1980s greatly impacted the area. Today Shreveport has
transformed its economy into one of the most diverse for its size. The State of Louisiana has the third-largest film
industry, behind California and New York.
Northwest Louisiana supports a large and sophisticated healthcare sector, a competitive manufacturing base, a
reenergized oil and gas sector, a sizeable and diverse service sector and supplier network, a transforming timber/
paper industry, a hospitality/gaming industry, federal installations and more. The region also provides a rich
quality of life with diverse choices of entertainment, sporting events, outdoor activities, restaurants, shopping and
culture. The Strand, a restored grand theater, and Municipal Auditorium are among the area’s cultural destination
highlights.
Beyond its more traditional business sectors, northwest Louisiana also nurtures emerging sectors including information
technology, biotech/life sciences and creative industries, which in addition to film include music and other entertainment.
The region also is home to one of the nation’s most strategic military installations, Barksdale Air Force Base. Barksdale adds
strength and stability to the economy through its active duty personnel, their families and a large and growing retiree base.
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Regional Overview: Community Snapshot (continued)
According to the Louisiana Workforce Commission (www.laworks.net), the Shreveport-Bossier Metropolitan Statistical Area
(MSA) added 4,800 new jobs from May 2010 to May 2011. The metro’s 12-month overall gain came from 2,600 additional
goods-producing jobs and 2,200 more service jobs.
Numerous national news outlets have recognized Shreveport-Bossier’s job growth. Forbes ranked Shreveport-Bossier seventh
among mid-size metros on its national list of “Best Cities for Jobs.” The Daily Beast, a news website, named ShreveportBossier one of the best cities for new graduates, based on job growth, cost of living, per capita personal income and other
factors. Site Selection, a leading economic development journal, ranked Shreveport-Bossier fourth in the country for
economic development, based on the number of new corporate locations and business expansions.
The region also is rich in cultural diversity. National touring musical artists perform at the CenturyLink Center
(www.centurylinkcenter.com) in Bossier City and riverboat casinos in Shreveport-Bossier; there are numerous annual festivals
to suit a variety of tastes; and a symphony orchestra in Shreveport. The Robinson Film Center (www.robinsonfilmcenter.org)
opened as the first film center of the South in downtown Shreveport in 2008, across the street from Artspace
(www.shrevearts.org/artspace), Shreveport’s first arts center dedicated to the creation, production, presentation, promotion
and exploration of all of the art disciplines for multi-generational audiences.
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Regional Overview: Workforce Programs & Services
The U.S. Department of Labor’s Bureau of Labor Statistics
reported a preliminary unemployment rate of 6.0 percent in
the Shreveport-Bossier City labor market for November 2011,
the most recent month for which statistics are available. The
state rate was 6.9 percent and the national rate was 8.6
percent.
There are numerous resources in Northwest Louisiana to
help employers engage, hire, train and re-train employees.
These programs and services range from federal to state to
regional to local, and are administered by public, private
and non-profit organizations. Below is a brief description of
the workforce programs and services available in Northwest
Louisiana.
NEON
The North Louisiana Employment Opportunities Network, or
NEON, is a program of the North Louisiana Economic Partnership designed to grow awareness of this region’s employers
and the skills they are seeking, as well training programs that address demand skills, and opportunities for networking with
target companies or their employees. NEON services include:
•
•
•
•
Internet and social media sites that market the region to local and non-local job seekers, and individuals who have
been recruited here by a local employer and may have a trailing spouse that is looking for a career.
Consultation with specific employers (new or existing) or sector-specific groups of employers to address particular
recruitment issues.
Recruiter training.
Introductions to relevant faculty/staff at regional universities, community and technical colleges.
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Regional Overview: Workforce Programs & Services (continued)
Louisiana FastStart
A program of Louisiana Economic Development, FastStart provides customized employee recruitment, screening, training
development and training delivery for eligible, new or expanding companies – all at no cost. It has been recognized for its
innovation, effectiveness, flexibility and efficiency and was named by Business Facilities magazine as the nation’s best state
workforce training program.
Based on a company’s immediate and long-term workforce needs, the FastStart team crafts unique programs that ensure
high-quality, flexible workers are prepared day one and beyond. The FastStart team includes dozens of experienced
professionals from a range of businesses – manufacturing to corporate headquarters, digital media to customer support
centers and R&D.
Louisiana Workforce Commission
Formerly Louisiana’s Department of Labor, the mission of the LWC is to lead the redevelopment of the state workforce
system to deliver the workforce that Louisiana’s current and future employers need. Services are delivered by the 18
Business & Career Solutions Centers located throughout the state.
Business Customer services include:
•
•
•
•
•
•
•
•
•
Employee recruitment and screening.
Posting job openings on local, state and national websites.
Receiving and forwarding applicant resumes.
Pre-screening and referral of qualified job seekers.
Tax credit information.
Workers compensation information.
Unemployment Insurance (UI) information.
On-the-job Training program (OJT)—reimburses employers for wages paid to WIA participants who are being trained
on the job.
Incumbent Worker Training Program (IWTP)—reimburses employers for the skill development of existing employees.
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• Labor laws information.
• Labor market information, such as:
Occupational Information
1. Employment Projections 2008 to 2018.
2. Occupational Employment by Industry.
3. Occupational Wages—current estimated wages for select occupations.
4. Demand Occupations.
Industry Information
1. Industry Employment Projections 2008 to 2018.
2. Industry Staffing Patterns—occupations within a certain industry in a specific geography.
3. Quarterly Census of Employment and Wages—employment data in a specific geography.
4. Monthly Non-farm Employment—current and historical data in a specific geography.
5. Employer Database—lists employers in a specific area by type of industry.
Higher Education & Training
Within an hour’s drive of the Shreveport metro area, there are nine two- and four-year Louisiana colleges and universities
that provide excellent training for a variety of workforce needs. The community and technical colleges in the region have
proven especially responsive to the needs of regional employers and have quickly adopted new degree and certificate
programs to address critical skills shortages in industry sectors that have strong growth potential in the region, such as
healthcare, energy, manufacturing, hospitality and information technology. Their enrollment has grown significantly over the
last several years as a result. There are also many strong higher ed training providers in east Texas that are within an hour’s
drive of the Shreveport metro region.
Industry-Education Collaboration in Workforce Development
Northwest Louisiana has witnessed some impressive partnerships develop between industry and education over the last
several years to create new interest in target occupations among the future workforce living in the region. Organizations like
the Biomedical Research Foundation and the Cyber Innovation Center have sponsored innovative programs at the K-12 level
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to attract students to science, technology, engineering and math fields of study. Most recently, a collaboration of energy
companies operating in the Haynesville Shale have partnered with the Consortium for Education, Research and Technology
and several regional colleges and universities to develop the Energy Camp Summer Program for regional high school
students to learn more about the energy industry and careers it offers.
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Regional Overview: Education
K-12 Education
The Shreveport-Bossier area offers many excellent K-12 education options.
In 2010, several schools in both Caddo (www.caddo.k12.la.us) and Bossier (www.bossierschools.org) parishes scored
4- and 5-star ratings (with 5 the maximum) based on state school performance scores (www.doe.state.la.us/data/school_
accountability_reports.aspx). Many of these high-ranking schools are within a 20-minute commute of the city centers of
Shreveport and Bossier.
Caddo offers a diverse mix of traditional public, public magnet and private schools at every grade level, including many with
very high student achievement. North Bossier in particular offers a strong, growing network of neighborhood-based public
schools at every grade level with consistently strong student achievement and community support. Examples of some of the
superior schools in the area include:
•
Caddo Magnet High School (www.caddomagnet.net) is a college preparatory school for academics and
performing arts located in Shreveport. It is one of the top high schools in the U.S. and is nationally recognized by
“U.S. News and World Report” as a Silver Medal winner (in the top 3 percent of high schools) and by the U.S.
Department of Education as a Blue Ribbon School (for academic superiority). It is the only 5-star high school in
northern Louisiana.
• The Montessori School for Shreveport (www.montessorishreveport.com) is one of the oldest Montessori schools in
the United States. MSS is accredited by the American Montessori Society and is at the forefront of Montessori
education in Louisiana.
• Stockwell Place Elementary (stockwell.bossierschools.org), a Bossier City kindergarten-5th grade school, is a
Louisiana 4-star school of excellence, with a School Performance Score in the top 1 percent of all schools in
Louisiana. It was also designated a U.S. Department of Education Blue Ribbon School.
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Regional Overview: Education (continued)
Additional K-12 options are available to high school students with special interests, including:
• Schools with focused industry-based curricula (e.g., biotechnology, engineering, vocational and technical trades).
Some of the regional organizations that support industry-K-12 education collaboration include:
— Math Science and Technology Program at Southwood High School and Keithville Middle —
www.southwoodcowboys.org/pages/mst-history
— Math/Science Magnet Program at C.E. Byrd High School — www.cebyrd.com
— Engineering Magnet Program at Captain Shreve High School — www.captainshreve.com/engineering_
magnet.php
— Cyber Camps and more through the Cyber Innovation Center — www.cyberinnovationcenter.org/academic outreach
— Barksdale Air Force Base STARBASE program — warthognews.blogspot.com/2010/12/starbase-engaging-young minds.html
— Caddo Career & Technology Center — teacherweb.com/LA/CaddoCareerandTechnologyCenter/SchoolHomePage/
sdhp1.aspx
— Louisiana State University at Shreveport’s Animation and Visual Effects Program — www.lsus.edu/academics/
college-of-arts-and-sciences/school-of-humanities-and-social-sciences/animation-and-visual-effects-program —
offers regular workshops open to area high school students.
• One of the nation’s preeminent public residential high schools, The Louisiana School for Math, Science and the Arts
(www.lsmsa.edu), is within an hour’s drive in Natchitoches, La.
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Louisiana has one of the most aggressive school improvement approaches in the U.S.
• Louisiana consistently ranks among top 5 states in “standards and accountability” and “teacher quality” in third party evaluations.
• Louisiana has long maintained one of the nation’s leading pre-K programs.
Higher Education
Northwest Louisiana offers many options for building academic and technical resumes. From industry certification programs
at one of the Louisiana Technical College campuses to a liberal arts degree at Centenary College to a PhD in Computational
Analysis at Louisiana Tech, there is a wide variety of options to help in pursuit of a chosen career path.
As a healthcare hub, Northwest Louisiana also offers a number of options for pursuing medical education and careers,
including three nursing schools (Northwestern State University, Southern University at Shreveport and the University of
Louisiana at Monroe), the medical school of Louisiana State University and its Allied Health and graduate level programs,
the College of Pharmacy at ULM, and a number of associate degrees and certification courses to qualify for just about any
job in the medical field.
Louisiana two- and four-year, undergraduate and graduate colleges and universities within an hour’s drive of ShreveportBossier include:
• Bossier Parish Community College — www.bpcc.edu/tem/index.html
• Centenary College of Louisiana — www.centenary.edu
• Grambling State University — www.gram.edu
• Louisiana State University, Shreveport — www.lsus.edu
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• Louisiana Tech University — www.latech.edu/ifm
• LSU Health — www.lsuhscshreveport.edu/Education/AcademicDepartments.aspx
— School of Medicine
— School of Allied Health Professions
— School of Graduate Studies
• Northwest Louisiana Technical College — www.region7.ltc.edu
• Northwestern State University — www.nsula.edu
• Southern University at Shreveport — www.susla.edu
Community and Technical Colleges
The Louisiana Community and Technical College System works closely with business and industry to ensure that its schools
are producing the workforce that Louisiana employers want and need by offering relevant degree programs (associates
through certificate program) as well as being quality providers of specialized training through programs such as Incumbent
Worker Training. All of these schools welcome feedback and guidance from area employers and most have program-specific
advisory boards made up of private sector employers to ensure program relevancy. In the Shreveport-Bossier area, the
schools that fall under this system include:
•
Bossier Parish Community College (www.bpcc.edu/index.html): BPCC is a two-year community college with
approximately 6,500 students enrolled each semester (enrollment grew 17 percent year-on-year based on Spring
2011 data). In addition to its degree programs, BPCC provides courses that transfer to four-year degree granting
institutions. Some of the more recent industry-specific programs (from Associates Degree to certificate) designed in
response to regional demand include:
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— Oil & Gas Production Technology, developed to address the dramatic increase in energy occupations in the
region resulting from the discovery of the Haynesville Shale.
— Industrial Technology, to provide a stable supply of qualified workers who are ready for work or further training
with regional manufacturers.
—
— Associate of Engineering, designed to give students a path to a career after two years or allow them to transfer to
Louisiana Tech’s Engineering Program in their junior year.
• Northwest Louisiana Technical College (www.nwltc.edu): NWLTC has five campuses throughout Northwest Louisiana
that offer quality technical education. Programs that specifically address the needs of manufacturers include:
— Machine Tool Technology
— Welding
— Industrial Instrumentation & Maintenance Technology
— Electrician and Electromechanical Technology
— Diesel Power Equipment Technology
Computer Information & Information Security Technology, to address the ramp-up in demand for computerbased technology skills resulting from the standing up of Global Strike Command at Barksdale AFB, the launch
of the Cyber Innovation Center, the growth of local software development and digital media firms, and a general
increase in IT-related jobs throughout all industry sectors.
While not part of the LCTCS system, Southern University at Shreveport (web.susla.edu/Pages/SUSLAhome.aspx) is the only
two-year college within the Southern University system. SUSLA was voted the 3rd-best two-year university by Washington
Monthly Magazine, recognized as the 6th-fastest growing two-year institution in the country and ranked 44th among
two-year institutions graduating African American students. SUSLA offers a variety of Associate of Applied Science and
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Associate of Science degrees, Certificate of Technical Studies areas, and certificate programs. SUSLA has three academic
centers and several satellite classrooms conveniently located throughout the community to meet the needs of its students.
Programs that specifically address the needs of area manufacturers include:
• Airframe/Powerplant maintenance
• Electronics Technology
• Maintenance Technology
• OSHA-related safety training
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Regional Overview: Largest Manufacturing Employers in Shreveport-Bossier MSA
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Libbey Glass
GM Shreveport*
Frymaster LLC
Cellxion LLC
Calumet Shreveport Lubricants
Foremost Dairy
Shaw Alloy Piping Products
Dolet Hills Mining Venture
UOP, LLC
McElroy Metals
Dr. Reddy’s Laboratories
Printpack Inc
Pratt Paper
Gordon Inc
Ternium USA
950 employees
900
580
458
373
350
250
247
208
200
191
160
140 (est.)
113
108
*Scheduled for closure in August 2012.
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Regional Overview: Shreveport-Bossier MSA Employment Snapshot
• Education & Health Services
25.67%
• Trade, Transportation & Utilities
19.15%
• Leisure & Hospitality
12.82%
• Professional & Business Services
12.19%
• Natural Resources, Mining & Construction
9.75%
• Manufacturing
5.78%
• Government (Public Administration)
4.68%
• Other Services
2.78%
• Financial Activities
2.54%
• Information
1.67%
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Regional Overview: Medical Facilities and Emergency Services
The Shreveport-Bossier Metro Area and surrounding region have a highly developed and robust
healthcare delivery system. A combination of prominent private, non-profit health systems and
large academic teaching hospital that is home to a medical school, along with significant federal
veteran healthcare, make the sector a quality-of-life asset and a key, stable economic driver for
the region. More than 26,000 work in healthcare-related fields in the area. Assets include:
• Willis-Knighton Health System — www.wkhs.com
• Other major medical providers in the Shreveport area include:
— The Christus Schumpert Health System (680 beds) — www.christusschumpert.org
— The LSU Health Science Center in Shreveport (476 beds) — www.lsuhscshreveport.edu
— Overton Brooks VA Medical Center (100 beds) — www.shreveport.va.gov
One of the region’s leading employers and innovators in providing care to area
residents, the Willis-Knighton Health System, includes multiple health
campuses, related operations and a continuing-care community.
The LSU Health Science Center Core Lab
A part of the Christus health system, this faith-based health ministry operates multiple campuses and practices
across the community.
Overton Brooks and its associated operations are part of the South Central Health Care Network and provide
comprehensive inpatient and outpatient healthcare to eligible veterans of the U.S. Armed Services. Overton
Brooks serves more than 131,000 veterans in its primary service area.
As a healthcare hub, northwest Louisiana also offers a number of options for pursuing medical education and careers,
including four nursing schools (Northwestern State University, Southern University at Shreveport, Grambling State University
and the University of Louisiana at Monroe), the medical school of Louisiana State University and its Allied Health and
graduate level programs, the College of Pharmacy at ULM, and a number of associate degrees and certification courses to
qualify for just about any job in the medical field.
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Links to Helpful Resources
* Local Resources
• City of Shreveport — www.shreveportla.gov
• Caddo Parish — www.caddo.org
• Regional Economic Development — www.nlep.org
• Community Information — www.workthisway.org
* State Resources
• State — www.louisiana.gov
• Grow A Business — www.louisiana.gov/Business/Grow_a_Business
• State Economic Development — www.louisianaeconomicdevelopment.com
* Federal Resources
• U.S. Census Bureau — www.census.gov
• U.S. Department of Commerce — www.commerce.gov
• U.S. Economic Development Administration — www.eda.gov
• U.S. General Services Administration — www.gsa.gov
• U.S. Small Business Administration — www.sba.gov
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Regional Overview: Demographic Information for Shreveport-Bossier MSA
Population:
2010: 398,604
2000: 392,302
Renter Occupied:
2010: 56,541
2000: 50,814
Population Growth:
2000 – 2010: 6,302
Housing Value:
2010: $122,900
Median Age:
2010:
2000:
2010 Household Income:
Income less than $15,000: $15,000 to $24,999: $25,000 to $34,999: $35,000 to $49,999: $50,000 to $74,999: $75,000 to $99,999: $100,000 to $149,999: $150,000 to $199,999: $200,000 and Higher: 36.0
35.1
Median Household Income:
2010: $40,997
Per Capita Income:
2010: $23,466
Housing Units:
2010: 173,669
Vacant Units:
2010: 15,753
Average Household Size:
2010:
2.47
2000: 2.53
Owner Occupied:
2010: 101,375
2000: 100,289
17.2%
16.6%
11.7%
12.5%
17.0%
10.7%
9.6%
2.3%
2.5%
2010 Population by Race and Origin:
White:
224,828
Black:
155,174
Hispanic or Latino (of any race): 13,816
Asian:
4,652
Native Hawaiian and
Other Pacific Islander:
300
American Indian/Alaska Native: 1,937
*Some Other Race:
5,095
Two or More Races:
6,618
2010 Population by Age:
TOTAL POPULATION:
Aged Under 5 Years:
Aged 5 to 9 Years:
Aged 10 to 14 Years: Aged 15 to 19 Years:
Aged 20 to 24 Years:
Aged 85 Years and Over:
398,604
28,323
27,673
26,957
27,451
28,160
29,686
26,070
24,542
23,799
27,420
28,561
25,802
21,643
15,926
12,402
9,988
7,460
6,741
*Includes people who self-identified as Hispanic or Latino.
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Regional Overview: Demographic Information (continued)
2010 Population Over 25 by Educational
Attainment:
Did Not Complete High School: 14.8%
Completed High School: 35.2%
Some College: 23.1%
Completed Associate Degree: 6.6%
Completed Bachelor’s Degree: 13.7%
Completed Graduate Degree: 6.7%
2010 Owner Occupied Units by Housing
Value:
Valued Less than $50,000: 20.0%
Valued $50,000 to $99,999: 19.8%
Valued $100,000 to $149,999: 20.7%
Valued $150,000 to $199,999: 16.9%
Valued $200,000 to $299,999: 13.8%
Valued $300,000 to $499,999: 6.0%
Valued $500,000 to $999,999: 2.0%
Valued More than $1,000,000: 0.8%
2010 Estimated Housing Units by Year
Structure Built:
Structure Built 2000 or Later: 15.3%
Structure Built 1990 to 1999: 10.9%
Structure Built 1939 or Earlier: 6.9%
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Who is RACER and What Do We Do
The RACER Trust was created in March 2011 by the U.S. Bankruptcy Court to clean up and position for
redevelopment 89 properties and other facilities owned by the former General Motors Corp. before its 2009
bankruptcy.
Elliott P. Laws
Trustee
RACER Trust
Offers for purchase or lease must be evaluated by RACER against six criteria required by a Settlement
Agreement that, with the Court’s approval, created the Trust. You may view the Settlement Agreement at
www.racertrust.org/About_RACER/Settlement_Agreement. While purchase price is a factor, RACER also must
consider each proposal’s ability to create jobs and generate new economic opportunity in the communities
hurt by the GM bankruptcy. RACER will require prospective buyers/lessees to furnish detailed information to
demonstrate that its offer satisfies each of the six criteria described in the Settlement Agreement.
RACER will retain full responsibility for environmental conditions at the Property that are related to GM’s
ownership of the Property, even after the Property has been sold or leased for reuse. RACER can transfer title
to the Property prior to completion of any ongoing or required cleanup activities as long as the Trust retains
the right of access to complete any ongoing or required cleanup while the new buyer/lessee redevelops the
property, invests in job-creating activities, and records land use controls as may be required by a regulatory
agency.
racertrust.org
47
Conditions
The RACER Team:
Bruce Rasher
Redevelopment Manager
[email protected]
Pat Spitzley
The material contained in this brochure is for the purpose
of considering the purchase or lease of the Property (the
“Property”) described herein.
The information contained in this brochure was prepared
on January 6, 2012 by the Revitalizing Auto Communities
Environmental Response Trust (“RACER” or “Trust”), which
owns the Property. It is intended to be used by prospective
buyers and lessees in evaluating this Property for sale or
lease. Neither RACER, nor its respective officers, employees
or agents, makes any representation or warranty, express
or implied, as to the completeness or the accuracy of the
material contained herein or any of its contents, and no
legal commitments or obligations shall arise based upon this
brochure or any of its contents.
Prospective buyers/lessees are advised (i) that changes may
have occurred in the Property or property value described
herein, as well as the condition of the Property since the
time this brochure was issued and that (ii) all information
is provided for general reference purposes only in that they
are based on assumptions relating to the general economy,
competition, and other factors beyond the control of RACER
and, therefore, are subject to material variation. Prospective
buyers/lessees are advised and encouraged to conduct their
own comprehensive review and analysis of the information
contained herein.
This brochure is a solicitation of interest only and is not an
offer to sell or lease the Property. RACER expressly reserves
the right, at its sole discretion, to reject any or all expressions
of interest or offers to purchase or lease the Property, and
expressly reserves the right, at its sole discretion, to
terminate discussions with any entity at any time with or
without notice.
RACER has no legal commitment or obligation to any entity
reviewing this brochure or making an offer to purchase or
lease the Property unless and until a written agreement
satisfactory to RACER has been fully executed, delivered and
approved by RACER and any conditions to RACER thereunder
have been satisfied or waived.
By accepting this brochure, you agree that the information
contained herein (i) will be used solely for the purpose for
which it is intended; (ii) will remain the property of RACER
and; (iii) will not be used by you for your own purpose except
in connection with a potential agreement with RACER.
The terms and conditions stated in this section relate to
all sections of this brochure as if stated independently
therein. If, after reviewing this brochure, you have no further
interest in purchasing or leasing the Property at this time,
kindly destroy any downloaded due diligence at your earliest
possible convenience.
Deputy Redevelopment Manager
[email protected]
racertrust.org
48
Transaction Guidelines/Bid Instructions
Prospective buyers and/or lessees interested in bidding on the Property described
herein must first execute a Confidentiality Agreement, schedule a Property inspection
through RACER’s Redevelopment office and then submit a Letter of Intent form. A
Confidentiality Agreement and Letter of Intent form are available for download at
RACER’s website: www.racertrust.org.
RACER will evaluate all Letters of Intent for the Property against six criteria (the
“Sales and Lease Criteria”) required by the Settlement Agreement that established
the Trust. These Sales and Lease Criteria are described in detail on RACER’s website
and generally include:
i.
ii.
iii.
iv.
v.
vi.
whether the monetary value of the purchase price is sufficient in light of
the projected budget for the sale of the Property, taking into account any
surplus from past Properties sold or projected shortfall on the sale of the
remaining Properties;
the potential for the proposed reuse to create jobs in the State and the
affected community;
other benefits to the State and affected communities (such as increasing
tax revenue, reducing blight, and providing a sense of renewal);
avoiding a material increase in the cost of or interference with the
Environmental Action;
the views of the State and affected communities; and
the reputation and credibility of the prospective buyer/lessee.
The Letter of Intent will not constitute a binding offer by prospective buyers/lessees
to purchase/lease the Property for the price submitted. Letters of Intent must include
a detailed proposal for the redevelopment of the Property and a detailed explanation
with supporting information for how the proposal would satisfy all of the Settlement
Agreement Sales and Lease Criteria.
RACER will evaluate the Letters of Intent received for the Property and may, in
its sole discretion, select one or more for further due diligence and may request
submission of final proposals for sale/lease. If RACER approves a Letter of Intent,
RACER is not obligated to sell/lease the Property. RACER reserves the right to accept
or reject any or all proposals, regardless of purchase/lease price, or to withdraw the
assets from the sale/lease, in its sole discretion, for any or no reason. Approval or
consent by any community or stakeholder. is not needed for RACER to move forward
with a particular project.
Prospective purchasers may be asked to participate in the negotiation of a Purchase
and Sale Agreement, which will be available for download on RACER’s website.
Purchase and Sale Agreements for the Property will be evaluated against the
Settlement Agreement Sales and Lease Criteria generally described above and more
fully described on RACER’s website.
Each transaction involving Trust property will have unique circumstances, which may
require RACER to consider additional factors, and balance their relative merits and
weight differently, after analyzing the requisite due diligence, including a careful
review of objective information, consultations with community officials and local
community investment in the subject project, with due consideration given to any
intangible benefits of the offer. The Trust will strive to balance all of these factors,
with the ultimate goal of achieving the optimum outcome for stakeholders in every
case, but the Trust retains the ultimate discretion on how best to weight these factors
and which offer or project, if any, best satisfies the Sales/Lease Criteria and the
Trust’s other requirements.
As Purchase and Sales Agreements are evaluated, RACER also will encourage local
community officials to execute a development agreement with prospective buyers/
lessees describing, among other things, the level of investment, schedule for the
project and specific job creation goals.
The Property will be sold for cash, due at closing, based upon the terms and
provisions described in the Purchase and Sales Agreement. RACER will not pay a
seller’s commission to brokers, unless approved in advance by RACER in writing.
File Review:
Prospective buyers/lessees are encouraged to review the information contained in this
Brochure and on RACER’s website prior to submission of a Letter of Intent.
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49
Links for Bidders
* Settlement Agreement — www.racertrust.org/About_RACER/Settlement_Agreement
* Sale Process — www.racertrust.org/Economic_Development
* Sale/Lease Criteria — www.racertrust.org/Economic_Development/Sales_Lease_Criteria
* Confidentiality Agreement — www.racertrust.org/Economic_Development/Download_Non_Disclosure_Agreement
* Letter of Intent — www.racertrust.org/Economic_Development/Download_Letter_of_Intent
* Online Property Information — www.racertrust.org/Properties/PropertyDetail/Shreveport_1192/Details_1192
racertrust.org

Prime industrial land for sale/lease in Shreveport, LA

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