Region 8 Community Marketing Newly Vacant Plant as Low-Cost Opportunity

JUNE 15, 2006 - Posted at 7:46 a.m. CST

MELBOURNE, AR - A plant where more than 100 workers once repaired jetliner doors and flight controls now sits empty in the Izard County city of Melbourne.  But local officials say they now have an opportunity to bring in a new company to set up at the plant.

Boeing Company closed its 100,000-square-foot Melbourne plant on April 15.  On May 9, the company signed over the deed to the facility to the Melbourne Industrial Development Corporation, which had originally provided the land to Boeing in 1989.

Officials say the plant building is worth up to $6 million, not including the land.  The plant site in Izard County has drawbacks, because of limited access to highways and rail lines.  But officials say low labor costs and corporate taxes that are comparatively low in Arkansas will be attractive to a company that needs a new site.

(Copyright 2006 by The Associated Press.  All Rights Reserved.)