Subscribe Register Login

Escaped Pulaski County inmate arrested in Missouri

Tuesday, September 23, 2014, 11:51 p.m.
Top Picks - Capture Arkansas

Osceola approves revenue bonds for steel mill

By The Associated Press

This article was published May 6, 2014 at 1:26 p.m.

OSCEOLA — The Osceola City Council has unanimously approved the issuance of $1.5 billion in industrial revenue bonds for the planned Big River Steel mill.

The council approved the ordinance Monday night. Under the agreement, the city will take the title for the property then lease it back to Big River Steel for $1 a year.

According to the Blytheville Courier News, the agreement also calls for Big River Steel to pay 35 percent of regular millage taxes to the city annually for 20 years.

The company says a late June groundbreaking is expected for the plant. The steel mill is expected to employ more than 545 workers once it's fully operational.

Comments on: Osceola approves revenue bonds for steel mill

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

Subscribe Register Login

You must login to make comments.

TOP JOBS

  • Graphic designer

    Immediate opening!! Extensive experience with Adobe Creativ...
    Little Rock, AR

  • Project specialist

    University of Arkansas at Pine BluffProject/Program Speciali...
    PINE BLUFF, AR

  • Computers

    Acxiom Corp.- Conway•Solutions Developer(#34141, #34142, #34...
    CONWAY, AR

  • Carriers

    wanted earning from $800 to $1,200 per month for a few hour...
    Benton, AR

  • Finish heavy equipme

    Redstone Construction Group has the following positions avai...
    LITTLE ROCK, AR

Search 995 jobs >

Top Picks - Capture Arkansas
Arkansas Online