This is some bean-counter decision, but it has a huge impact on the people who work there," Klonoski said of the IAT closure.
Klonoski will be fine financially. The lease runs for nearly two more years, so he'll get nearly $1 million in rent. He was willing to forgo $250,000 in rent if it would have helped retain the plant in Indianapolis.
Pratt &Whitney also is responsible for paying to put the building back the way it was when the company moved in more than eight years ago. Restoring it to a warehouse will cost at least $3 million, Klonoski said.
He'd rather Pratt & Whitney find another manufacturer to take over the lease.
"To tear this plant apart is a shame," he said. "It's like restoring a 1965 Corvette and in a fit destroying it with a sledgehammer."