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University of Delaware buys Chrysler Newark Plant

by Bill Cawthon on

The University of Delaware has inked a deal to buy Chrysler’s former Newark Assembly Plant. The school got a good deal, paying $24.25 million, just over half of the property’s estimated value. In order to facilitate the deal, the university agreed to take responsibility for environmental remediation at the site.

UD plans to turn the 272-acre site into facilities for education and research and school officials say the deal could bring thousands of new jobs to the region and will increase the capacity of the graduate school.

The Newark Assembly Plant opened as a tank plant in 1951 and was converted to automobile production in 1957. Its most recent products were the Chrysler Aspen and Dodge Durango. The Newark facility was one of the properties shed during Chrysler’s bankruptcy.

Thanks to “gr8 dave” for the tip!

Bill Cawthon grew up in the auto industry in the 1950s. His Dad worked for Chrysler and Bill spent a number of Saturdays down on the plant floor at Dodge Main in Hamtramck. Bill is also the U.S. market correspondent for just-auto.com, a British auto industry publication, and a member of the Texas Auto Writers Association, which has named the Jeep Grand Cherokee the “SUV of Texas” several times and named the Ram 1500 as the “Truck of Texas” two years running.

Bill has owned five Plymouths (including the only 1962 “Texan”), one Dodge and one Chrysler and is still trying to figure out how to justify a Wrangler. He also has owned at least one of every 1:87 scale model of a Chrysler product. You can reach him directly at (206) 888-7324 or by using the form.


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