Subscribe Register Login

Tuesday, September 02, 2014, 3:10 a.m.
Top Picks - Arkansas Daily Deal

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

  • Network tech

    Network Technician I Full-time position with the Central Ark...
    LITTLE ROCK, AR

  • Engineer, p.e.

    Engineer, P.EPosition #22110650Class Code B023C Grade C124En...
    LITTLE ROCK, AR

  • Production techs

    earn egg-cellent pay Along with an excellent compensation pa...
    SILOAM SPRINGS, AR

  • Comm. specialist

    University of Arkansas at Little RockDepartment of eLearning...
    LITTLE ROCK, AR

  • Program coordinator

    dah program coordinator Position 22092705, grade C117. The A...
    LITTLE ROCK, AR

Search 912 jobs >

Top Picks - Arkansas Daily Deal
Arkansas Online