The land and facility portion of the project will be owned by Chester Wisniewski and leased to the company, which makes metal stamping products for the automotive industry.
Sterling will issue Industrial Development Revenue Bonds, which are issued to finance projects for manufacturers, solid waste/cogeneration companies and certain non-profit corporations. The interest paid to the bond buyer is exempt from federal,state and local taxes.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
