Local economic development officials are hoping to get details on future plans for the former Terex Corporation crane manufacturing plant in Waverly next week.

According to public records, Oklahoma-based CMI Investments purchased the entire 49-acre site for $2.85 million just before the end of the year. A deed transfer document filed with the Bremer County Recorder's Office shows the sale was finalized on Dec. 21, 2016.

The site includes four buildings and is located along Iowa Highway 3 on the east edge of Waverly.

The Terex manufacturing complex was left vacant in July when the company closed the plant and announced the lay-off of 175 employees, 100 of them immediately.

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