Green Bay Packaging`s $160 million tax-exempt bond request would use half of state program`s 2019 funds

GREEN BAY - A proposed financing package for Green Bay Packaging Inc.`s new mill would tap more than half of the money available this year through Wisconsin`s industrial revenue bond program.

Green Bay`s Redevelopment Authority on Tuesday approved the company`s request for the city to issue $160 million in industrial revenue bonds. If approved by the Green Bay City Council, the request would be considered by the Wisconsin Economic Development Corp., which administers the $300 million federal bonding program. 

The request will go before the Council later this month for final approval...

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Ken Notes: Since an IRB is paid back we may need to look into working with the Feds to expand the program.



- - Volume: 7 - WEEK: 23 Date: 6/6/2019 9:45:27 AM -