TITLE

Closing Proceeds

AUTHOR(S)
Williamson, Richard
PUB. DATE
September 2003
SOURCE
Bond Buyer;9/9/2003, Vol. 345 Issue 31715, p31
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that Philips Semiconductors Inc. has paid the city of Albuquerque in New Mexico $13.1 million for closing a three-old plant financed with $400 million of industrial revenue bonds. Amount of settlement to be received by Albuquerque Public Schools; Terms of the deal regarding repayment of tax breaks by Philips; Rationale behind the failure of efforts to find tenant for the facility.
ACCESSION #
10802726

 

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