NASHVILLE, TENNESSEE (WKOW) -- Tennessee Gov. Phil Bredesen said Wednesday that Tennessee wouldn't have met General Motors' cash requirements to build a small car at its Spring Hill plant even if the state's finances were in better shape.
GM last week selected a facility near Detroit to assemble small and compact cars over two other finalists in Tennessee and Janesville.
Bredesen told The Associated Press after a groundbreaking ceremony for a highway project in Nashville that GM had wanted "north of $250 million" in upfront money to select Spring Hill.
"That that was not even remotely in the range of something we could do at this time - or would really even do on this project even if times were good," the Democratic governor said.
Bredesen said the state offered about $20 million in training and education money in addition to long-term tax breaks.
"GM made it clear when we were talking with them that they didn't care much about those things, what they really cared about was how much cash you could put up on the front end," he said.
GM's choice of the Orion Township, Mich., site leaves the future of about 2,500 employees at the Spring Hill plant uncertain when it stops making the Chevrolet Traverse around Thanksgiving.