NorthPoint, UG reach $40M deal for former GM plant site

NorthPoint Development completed a deal Thursday to develop the site of the former General Motors assembly plant.

The Board of Commissioners of the Unified Government of Wyandotte County/Kansas City, Kan., approved a $40 million development agreement for what is dubbed Central Industrial Park, which could yield 2,000 jobs.

The agreement clears the way for NorthPoint to close its purchase of the 80-acre site in the Fairfax Industrial District from the RACER Trust, which was created to dispose of GM real estate in its bankruptcy…

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