Ardmore Approves Michelin Loan

12-20-04 - Ardmore’s Michelin plant cleared a hurdle in the plans for a $100 million expansion. The city commission signed off on a $100 million loan on Monday from the Ardmore Development Authority to Michelin.

The expansion was announced in February of 2003. The money approved on Monday will pay for equipment and facilities. Michelin will then repay the loan to the ADA.