Shreveport, Louisiana, August 25, 2025
News Summary
The North Louisiana Economic Partnership (NLEP) has secured the former Libbey Glass Plant in Shreveport for redevelopment, aiming to revitalize the area economically. With a purchase contract set to finalize on September 5, NLEP plans to transform the 54-acre site into a prime location for new manufacturing operations, supported by a budget that includes state funds and additional local financing. The initiative responds to the economic impact of the plant’s closure in 2020, which affected 450 jobs in the region.
Shreveport, Louisiana
The North Louisiana Economic Partnership (NLEP) is set to acquire the former Libbey Glass Plant in Shreveport as part of a new industrial redevelopment initiative. The sale of the 54-acre property is currently under contract and is scheduled to finalize during the mortgage closing set for September 5.
The Libbey Glass facility boasts an extensive 851,672 square feet of building space, with many sections dating back to the early 1900s. However, NLEP has indicated that the plant has become “not usable anymore,” necessitating significant renovations or potential demolition of existing structures. NLEP’s vision for the site includes transforming it into a prime industrial location, which could attract new manufacturing operations and job creation in the region.
The project is backed by a budget that includes $10 million in state funds allocated for the 2024 and 2025 legislative sessions. Out of this amount, $7.2 million is designated for purchasing the property, while $2.8 million will cover remediation and other project needs. In addition, the Northwest Louisiana Finance Authority (NWLFA) has pledged $1,050,404 to support the redevelopment efforts.
NLEP is committed to both upgrading the site and marketing it effectively to potential industrial users. The location is strategically advantageous, being adjacent to an interstate and equipped with essential infrastructure, including rail, water, sewer, and electrical services. Moreover, the property is zoned for industrial use, enhancing its appeal for future manufacturing endeavors.
Background on Libbey Glass
The Shreveport Libbey Glass Plant was a vital employer in the area for 47 years before its closure in December 2020, which resulted from dwindling demand and financial challenges exacerbated by the COVID-19 pandemic. The closure impacted approximately 450 employees, contributing to the urgency for economic revitalization in the community.
In light of the plant’s closure, NLEP is addressing the need for job replacement and overall economic development in Shreveport. The sale of remaining equipment and fixtures from the plant will be managed through an online auction, offering over 1,000 lots of industrial assets to bidders. The auction is handled by NexBid of Tyler, Texas, with previews scheduled before bidding concludes.
Community Focus
There is a strong local emphasis on utilizing the redevelopment of the former Libbey Glass site to bring back jobs and boost the economy in Shreveport. City leaders recognize that economic development initiatives are crucial for replacing positions lost during the plant’s closure and for ensuring future growth.
Summary of Features
| Feature | Details |
|---|---|
| Property Size | 54 acres |
| Building Area | 851,672 square feet |
| Purchase Allocation | $7.2 million |
| Remediation and Needs Allocation | $2.8 million |
| Additional Funding | $1,050,404 from NWLFA |
| Closure Impact | Affecting 450 jobs in Shreveport |
| Auction Details | Over 1,000 lots of industrial equipment |
FAQs
What is the North Louisiana Economic Partnership planning for the Libbey Glass site?
The NLEP plans to acquire and redevelop the Libbey Glass site into a premier location for a new industrial user, which may include building demolitions and significant renovations.
When will the acquisition of the Libbey Glass Plant be finalized?
The acquisition of the Libbey Glass Plant is set to be finalized at the mortgage closing on September 5.
What funding is being allocated for the redevelopment project?
The project is budgeted with $10 million in state funds, which includes $7.2 million for the purchase and $2.8 million for remediation and other project needs.
Deeper Dive: News & Info About This Topic
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Additional Resources
- Shreveport Bossier Advocate: Libbey Glass to be Sold and May be Demolished
- Wikipedia: General Information
- Shreveport Bossier Advocate: Libbey Glass Sells All in Weekend Online Auction
- Encyclopedia Britannica: General Articles
- KTAL News: Libbey Glass Plant to be Demolished
- Google Search: Libbey Glass
- Shreveport Bossier Advocate: What Comes Next for Libbey Glass
- Google News: Libbey Glass
Author: STAFF HERE SHREVEPORT WRITER
The SHREVEPORT STAFF WRITER represents the experienced team at HEREShreveport.com, your go-to source for actionable local news and information in Shreveport, Caddo Parish, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Mudbug Madness Festival, Red River Revel Arts Festival, and Independence Bowl. Our coverage extends to key organizations like the Shreveport-Bossier Chamber of Commerce and Shreveport Regional Arts Council, plus leading businesses in gaming, healthcare, and energy that power the local economy such as Horseshoe Casino, Ochsner LSU Health, and Atmos Energy. As part of the broader HERE network, including HEREBatonRouge.com and HERENewOrleans.com, we provide comprehensive, credible insights into Louisiana's dynamic landscape.
