DETROIT -- Automotive supplier Comau Pico confirmed Tuesday that it is looking at a suburban site here for a 1.2 million-square-foot campus but said it has not completed a deal that could consolidate most of its 15 Michigan locations into a single site.
The project, which would cost $70 million to $80 million to develop and be completed by the end of 2007, was first unveiled to the media in December by Plymouth Township (Mich.) Supervisor Richard Reaume. It would hire 2,300 employees.
Keith Rochon, Comau Pico's project manager, on Tuesday offered the first public comments about the project.
He would not confirm or dispute the figures provided by Reaume. He said Comau Pico still has "hurdles" to clear with the township and the state but would not elaborate.
"There's nothing that's been finalized," Rochon told Automotive News Tuesday. "We're going through a due diligence and final analysis."
Reaume said the supplier likely will come before the township board in March to ask for a tax abatement that could slash the property tax on its equipment by 50 percent for as long as 12 years.
Paul Krepps, Michigan Economic Development Corp. managing director of communications, could not be reached for comment Tuesday afternoon. He said last week that the state could provide job training grants.
Rochon said it has not been determined which facilities in Michigan would be closed and have their operations moved to Plymouth Township.
"Having this number of different facilities around the area -- logistically, it hurts us a bit," Rochon said.
He said if the deal for the new site goes through, it should be completed in the first quarter of this year.
Rochon said Comau Pico would lease the site from the DeMattia Group, of Plymouth, Mich. Reaume said the supplier was considering a 20-year lease.
Comau Pico supplies industrial automation systems. It is owned by the Comau Group, of Turin Italy, which is a unit of Fiat S.p.A.
You may e-mail Greg Migliore at [email protected]