Subscribe Register Login

Wednesday, August 27, 2014, 12:02 p.m.
Top Picks - Mobile App

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

  • Diesel mechanics

    mechanicsa truck rental and leasing company inbusiness for o...
    LITTLE ROCK, AR

  • Maintenance person needed for apt

    maintenance personneeded for apt. complex must be HVAC certi...
    NORTH LITTLE ROCK, AR

  • Education

    The Warren School Districtis seeking qualified, applicants f...
    WARREN, AR

  • Civil service commis

    sionVacancyThe Maumelle City Council is accepting resumes fr...
    MAUMELLE, AR

  • Operators

    operatorpetro-Chemical refining plant has immediate openings...
    HOT SPRINGS NATIONAL PARK, AR

Search 937 jobs >

Top Picks - Mobile App
Arkansas Online