IIRC the stem in that valve housing is a common replacement part. Its been a long time since I fooled with one but IIRC it was the same size as the ones used on the A/C ports. Removal requires a special tool. Remove the valve and head down to a full line auto store for a replacement. 
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    " THE BLACK PARALYZER"   -87GT 3800SC Series III engine,  custom ZZP /Frozen Boost Intercooler setup, 3.4" Pulley, Northstar TB, LS1 MAF, 3" Spintech/Hedman Exhaust, P-log Manifold, Autolite 104's, MSD wires, Custom CAI, 4T65eHD w. custom axles, Champion Radiator, S10 Brake Booster, HP Tuners VCM Suite.
            "THE COLUSSUS" 
87GT - ALL OUT 3.4L  Turbocharged engine, Garrett Hybrid Turbo, MSD ign., modified TH125H
 " ON THE LOOSE WITHOUT THE JUICE "