Aviation IRBs

Williamson, Richard
May 2004
Bond Buyer;5/25/2004, Vol. 348 Issue 31891, p31
Trade Publication
Reports on the authorization of a $45 million industrial revenue bond (IRB) deal by the Albuquerque Development Commission in New Mexico that will allow Eclipse Aviation to buy equipment and expand operations at the city's Double Eagle II airport. Pending approval of the bond issue by the city council; Estimated number of jobs that will be created in exchange for local property tax exemptions for the 20-year term of the IRB; Negative experience which made city council wary of IRB.


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