News Article | 7/1/2014

Hillwood mulled bidding on $5B Tesla battery plant

Jacksonville (Florida) Daily Record: Hillwood Investment Properties discussed pitching Cecil Commerce Center for Tesla’s new $5 billion battery-production plant but discovered that Tesla was not considering any locations east of Texas. In its first-quarter report to the city, Hillwood said it discussed with the JAX Chamber and the JAXUSA Partnership “the feasibility of pitching AllianceFlorida for Tesla Motors’ new battery-production facility.” The subsequent investigation revealed that Tesla was looking only at several Western states — Texas, Arizona, New Mexico, Nevada and possibly California — for the “gigafactory.” See full story.