Tennessee Governor says GM wants incentives to reopen plant - WKOW 27: Madison, WI Breaking News, Weather and Sports

Tennessee Governor says GM wants financial incentives to reopen plant

NASHVILLE (WKOW)-- It might come down to the highest bidder in the competition to win General Motors newest line of small cars.

Governor Phil Bredesen is expressing doubt that Tennessee can afford the financial demands from General Motors to select its Spring Hill plant to build a new small car.

The Democratic governor said Thursday that it became clear in meetings with GM officials this week that the automaker wants a large cash payment from Tennessee to pick Spring Hill. The other sites competing for the work are in Orion, Mich., and Janesville, Wis.

Wisconsin congressional delegation met with GM executives on Thursday as well.

Tennessee's incentive packages are usually tilted toward long-term tax incentives, training and infrastructure improvements. Bredesen says the state doesn't have "a lot of spare money available to make large upfront payments."

The governor wouldn't specify how much money GM was asking for, but said that hundreds of millions of dollars would be "the low end of the range."

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