A Texas company that makes biodegradable plates and bowls from vegetable starch is considering buying an empty building in Fayetteville for a factory that could employ up to 450 people.

The Fayetteville Observer reports that Variety Global Business of Houston has signed a letter of intent to purchase the 125,000-square-foot "shell" building. The Fayetteville-Cumberland County Chamber of Commerce built the facility in 2002 to lure new business.

According to a chamber quarterly report given to the Fayetteville City Council last week, VGB would employ 450 people if it opened an operation there. But the deal could still fall through if the company and local officials can't agree on a price, the newspaper reports.

Read the full Fayetteville Observer story here.