HUNTSVILLE, Alabama – Remington won’t start making firearms in Huntsville until 2015, but the city has already named a street for the company.
At its meeting Thursday night, the Huntsville City Council voted to change the name of Pentastar Drive to Remington Trail. Located off Wall-Triana Highway, the four-lane road loops behind the sprawling former Chrysler electronics plant that Remington is leasing from the city.
The address of the future firearms plant is 100 Electronics Blvd.
Daniel Wilson, who represented Remington at a city subdivision committee meeting last month, said the company hopes to change the address to 1816 Remington Trail. Eliphalet Remington II founded the company in 1816 in upstate New York.
Remington announced in February that it plans to spend $110 million converting the vacant Chrysler plant near the airport into its third U.S. firearms factory. The company has promised to create a minimum of 1,868 advanced manufacturing jobs by 2021. At full production, Remington would be Madison County’s third-largest private employer.
Under a development agreement with the city, Remington will rent the plant for $1.25 million per year. However, the annual mortgage payment will be waived each year the company meets employment and salary targets.