Pfizer Selling Terre Haute, Indiana Site to County Agency
Thu, 09/03/2009 - 4:33am
TERRE HAUTE, Ind. (AP) — Drug maker Pfizer Inc. is planning to sell most of its Terre Haute manufacturing site to a local development agency for $1.1 million. The Vigo County Redevelopment Commission hopes by Sept. 30 to complete the purchase of 845 acres and 383,000 square feet of manufacturing facilities. Pfizer announced last year it would shut down its 800-worker operations and sell the site. Redevelopment Commission member Pat Ralston says the agency is getting a "bargain-basement deal" on the property. The agency says the purchase will allow for future growth at the county's adjacent industrial park. Pfizer continues to produce antibiotics at one plant at its complex and has delayed the elimination of the plant's 140 jobs until the second half of 2010.