Industrial bond issue coming | Arkansas Blog

Monday, December 15, 2008

Industrial bond issue coming

Posted By on Mon, Dec 15, 2008 at 1:30 PM

The city of Little Rock is preparing to approve a $150 million industrial development bond issue to build facilities for LM Glasfiber, the windmill blade manufacturer that will have plants on Lindsey Drive and Scott Hamilton.

Because the property will be exempt from taxation under city ownership of the facilities while bonds are repaid, a payment in lieu of taxes agreement is set for approval by the City Board of Directors. The company will agree to pay 35 percent of the normal property taxes, most of which benefit public schools.

Agreement here. Better than nothing, which was the agreement the city gave Acxiom in a near-secret deal a few years back.

From the ArkTimes store



Subscribe to this thread:

Add a comment

More by Max Brantley

  • More criticism of UA proposal to change tenure policy

    Reason is among the latest to offer critical commentary of a proposal from University of Arkansas System lawyers to change the tenure policy so that a lack of collegiality could be used as a justification for firing a tenured professor.
    • Nov 23, 2017
  • The Clintons

    I wasn't particularly excited about the 25th anniversary celebration of Bill Clinton's election. Life goes on.
    • Nov 23, 2017
  • The Thanksgiving eve open line

    Here's an open line. And a batch of headlines for the day before Thanksgiving.
    • Nov 22, 2017
  • More »

Readers also liked…

Most Recent Comments



© 2017 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation