Search
 

Car Maker Eyes Former Air Base

SAN BERNARDINO, CA-Build-To-Order Inc., a Los Angeles-based start-up car maker, is considering a $53 million incentive package to locate at Ross Perot Jr.'s AllianceCalifornia development at the former Norton Air Force Base.

By Bob Howard | Updated on September 02, 2002

SAN BERNARDINO, CA-Build-To-Order Inc. (BTO), a Los Angeles-based company with plans to become the nation’s newest auto maker, is considering a $53 million incentive package to locate its manufacturing operations at AllianceCalifornia, a 2,200-acre project at the former Norton Air Force Base that is being developed by Ross Perot Jr.’s Hillwood Investments of Texas.

BTO says the deal would include a $30 million financing package from Hillwood, which is the master developer of the former air base under an agreement with local officials, and $23 million in tax and training incentives from the state of California for creating manufacturing jobs.

The BTO facility would produce automobiles in what the company describes as a “lower-volume capability” by making customized cars that would be “individualized to customer specifications” rather than producing cars in anticipation of orders and keeping inventory on hand. The company also envisions its manufacturing plant as a retail sales center and a tourist attraction. It estimates the total economic impact on California could include 1,000 high-paying jobs.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.