The Fairmount Project Area was created by the RDA in 1992 and encompasses 87 acres generally located near Pennsylvania Avenue and the 31st Expressway. This project area was formed to assist in the redevelopment of the Volvo White GMC heavy truck plant.

In 1992 the RDA issued tax increment bonds in the amount of $2,070,000 for the purpose of correcting detrimental conditions and deficiencies at the Volvo White facility and to reverse the regional economic hardship created with the closing of the truck manufacturing plant.

Morton International's Automotive Safety Products Division purchased the Volvo White facility for a major expansion of its air bag manufacturing operations. 1996 employment levels exceeded 1,200 employees.