Tuesday, 26 March 2013 03:39
St. Clair County approves bonds for 2 companies' expansion at MidAmerica
When Boeing and North Bay Produce expand their operations at MidAmerica Airport, they'll get a little help from St. Clair County to pay for it.
The County Board approved $3.65 million dollars in bonds to finance the expansions on Monday. The Belleville News-Democrat reports that both companies will repay the county through renewed lease agreements at the Mascoutah airport.
County Board Chairman Mark Kern told the paper that the companies expect to add a combined 60 jobs at the site.
The bonds are part of an upcoming $30 million bond sale, which will also fund more than $20 million in road projects and refinance bonds previously issued by the county.
The County Board approved $3.65 million dollars in bonds to finance the expansions on Monday. The Belleville News-Democrat reports that both companies will repay the county through renewed lease agreements at the Mascoutah airport.
County Board Chairman Mark Kern told the paper that the companies expect to add a combined 60 jobs at the site.
The bonds are part of an upcoming $30 million bond sale, which will also fund more than $20 million in road projects and refinance bonds previously issued by the county.
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