Real estate outlook mixed as Ford exodus looms
Elyria real estate brokers warn a Ford worker shift to Kentucky could press down prices across Lorain County. Officials note a buyer’s market with 10 percent more listings, slower fall and winter sales, and prices above 150000 selling better while overall activity dips.
MENTIONED IN THIS ARTICLE
Stewart
Amherst
Vermilion
Lorain
Louise Wehri
Real Estate Realty Inc
Woehrle
Ford
Lorain County
Avon
Avon Lake
McKenzie
Lorain Ford workers move to Kentucky after plant shutdown
Dennis Allen, 23 years at Lorain Assembly, transfers with 677 colleagues to Ford Kentucky Truck Plant as Lorain ends car production. The company will stop Thunderbirds and Cougars, while Econoline van assembly continues. Families face relocation within 30 days with a $45,000 incentive.
MENTIONED IN THIS ARTICLE
Allen
Ford
Kentucky
Myra
Loraim
Alien
United Auto
Louisville
Lorain
Allens
Detroit
Ohio
Mississippi
Allee Kciubianoy
Myra Allen
Shawnda
Aleidia
Bryan
Hawthorne School
Ford families leave Lakeview Baptist Church in Lorain
The Lorain pastor Rev. Guy Morton notes 30 church members about to relocate to Louisville Kentucky to work at Ford Motor Co. Kentucky Truck Plant. The 650 member church loses about 25 percent of its yearly 250000 budget and 20 percent of Sunday school volunteers. Morton stresses faith in the families and church's future.
MENTIONED IN THIS ARTICLE
Ford
Lakeview Baptist Church
Lorain
Guy Morton
Louisville
Ford Motor Co
Kentucky
Morton
Lakeview
America
Lorain Assembly
Ford Workers
Southern Baptist Churches
Lorain County diversifies after Ford loss hope grows
Lorain County officials and business leaders report early signs of resilience after Ford Thunderbird and Mercury Cougar lines shutdown at the Lorain Assembly Plant. Jobs at the Lear Corp. supplier fade while diversification cuts feared impacts, with Moody's praising the broader tax base and a historically low debt level. Local officials stress a global economy mindset and continued diversification to avoid future shocks.
MENTIONED IN THIS ARTICLE
Lorain County
Ford
Lorain
Frank DeTillio
Lear Corp
DeTillio
John Rokasy
Seasongood & Mayor of
Cincinnati
Wall Street
Moody's Investors Service
New York City
Also Mentioned on This Page
Jane Trager
The
Chronicle-Telegram
Elyria
Mark Stewart
Joe McKenzie
Lehman Johnson Corp
N& Manheim
Dennis
Shawanda
Aleidra
Dennis Allen
Chuck Homel
Chronicle
Que
Ov. Moletoor
the Chronicle-Telegram
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