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Mayor says former Caterpillar site has been annexed; village is seeking new tenants
Summary
The mayor said the former Caterpillar site has been annexed into Montgomery and that attracting forward-thinking businesses to occupy and invest in that property is a top priority to restore local manufacturing jobs.
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The mayor described the annexation of the former Caterpillar site and said finding new tenants and owners for that property has been a top village priority in recent years. "One of the more impactful projects that we have been working on in recent years was, finding new, tenants to move into a new owners for the Caterpillar site, which has now been annexed into Montgomery," the mayor said.
The speaker framed the redevelopment as part of a broader effort to retain and grow jobs that historically supported downtown and surrounding neighborhoods. The transcript does not record specific prospective tenants, incentive packages or timelines for redevelopment.

