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5,000 jobs on the line as clock winds down on FCA land deal

DETROIT – The Moroun family purchased the old Budd Wheel plant in 2007, demolished the building and has been allowing Fiat Chrysler Automobiles to use the site as a logistics hub for vehicles.

ORIGINAL: FCA sets deadline for city of Detroit on land dead

Now FCA wants the city to purchase the land and give it to the company so it can put $2.5 billion into its neighboring Jefferson North plant.

If the deal is accepted, nearly 5,000 new jobs will be created in the area and FCA agreed to hire people from the area first.

The city of Detroit and FCA already agreed to a $35 million community benefits package, scholarship money and career technology programs in Metro Detroit. 

The land acquisition still needs to be done and the deadline is approaching. A representative with the city of Detroit said the deal is currently "right on schedule."

Watch Mara Macdonald's full report from Local 4 News at 11 above.