Rehab planned at closed S. Indiana toothpaste plant

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The owner of a closed Colgate toothpaste factory along the Ohio River says major renovations are planned there next year in hopes of attracting more businesses to the site where several hundred people once worked.

Only one business occupies a small part of the 54-acre site in Clarksville, although investment firm managing partner Jayesh Sheth says a health care company move in next year.

Sheth tells The Courier-Journal the long-term goal is to rehab about 85 percent of the about 1 million square feet of space available in the plant.

Colgate in 2007 closed the factory known for its landmark 40-foot-diameter clock facing Louisville.

Clarksville redevelopment director Rick Dickman says he's frustrated that more tenants haven't moved to the site and believes it has astronomical potential.

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