The plant was sold to the Boston Development Group, which is led by a local doctor. The group previously was the top bidder for the plant at an auction, but the deal fell through late last year. Much like that sale, the new deal anticipates foreign investors helping finance the redevelopment of the plant and the surrounding area into Clark’s Landing.
Details surrounding last month’s sale of the old Colgate plant in Clarksville are sparse, but the property is slated for redevelopment, and the project could be funded largely by foreign investors.
The former Colgate plant in Clarksville, Indiana was sold at auction Tuesday, but the plant’s buyer and the buyer’s plans for the property are unknown.