Tuesday, January 29, 2013

Super project day

Posted By on Tue, Jan 29, 2013 at 6:52 AM

Gov. Mike Beebe announces this morning a recipient of tens of millions in state taxpayer assistance in return for location of a major manufacturing facility.

Another steel mill for Mississippi County, perhaps by a steelmaker who's been here before and pitched a previous project? That's all the buzz on an Internet chat board that focuses on Northeast Arkansas. Several commenters there are betting on Osceola. Others are skeptical. These rumors focus on John Correnti, the former Nucor steel chief, who's more recently developed a steel mill with Russian backing in Mississippi.

Legislative approval is necessary to issue bonds to back the project's startup cost. Nobody really expects any significant opposition to borrowing money to give to a private corporation, though talk of balanced budgets and the perils of government borrowing should resume shortly thereafter among the chattering Republican majority.

Tags: ,

From the ArkTimes store

Favorite

Speaking of Gov. Mike Beebe, super Project

Comments (7)

Showing 1-7 of 7

Add a comment

 
Subscribe to this thread:
Showing 1-7 of 7

Add a comment

More by Max Brantley

Readers also liked…

Most Shared

Visit Arkansas

Paddling the Fourche Creek Urban Water Trail

Paddling the Fourche Creek Urban Water Trail

Underutilized waterway is a hidden gem in urban Little Rock

Most Viewed

  • Camera catches racist rant in NWA Walmart

    A Facebook video that catches an ugly rant against a Latina woman and a black person in a Walmart in Centerton, Ark., has gone viral. Note that a Walmart manager in the video takes the side of those berated and the company said it doesn't condone such.
  • Wisconsin congressman nails Betsy DeVos on charter schools

    Education Secretary Betsy DeVoss, testifying before Congress about the Trump plan to send federal dollars into the black hole of charter schools and vouchers, squirmed when a Wisconsin congressman confronted her with the failure of charters in Wisconsin and elsewhere.
  • The highway name game in Conway

    Signs are going up for a new parkway in Conway that memorializes living legislators. Ah, memories.
  • Rutledge praises government regulation in lawsuit settlement

    Arkansas will get $499,138 as one of 33 states in a $33 million settlement with Johnson & Johnson of a complaint about quality of over-the-counter drugs. PS: Today only, Attorney General Leslie Rutledge LIKES government regulation.
  • Former legislator loses appeal in defamation lawsuit

    The Arkansas Court of Appeals today upheld the dismissal of a lawsuit by former state Rep. Dan Greenberg against publishers of the Benton Courier over critical editorials written about him during his unsuccessful race for Senate against Sen. Jeremy Hutchinson in 2010.

Most Recent Comments

Blogroll

Slideshows

 

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