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$34M Project Gets Recovery Zone Bonds

FAIRFIELD, CA-Proceeds of the $22-million bond will be used to finance the construction of a $34 million, 288,000-square-foot building on 15 acres in the Tolenas Industrial Park.

By Natalie Dolce | Updated on August 02, 2010

FAIRFIELD, CA-San Francisco Bay Area city of Fairfield, CA has closed its bond financing for the Frank-Lin Distillers Products Ltd. construction project. The city of Fairfield worked through the California Enterprise Development Authority to issue a $22 million tax-exempt Recovery Zone Facility Bond.

Proceeds of this bond were used to finance the construction of a $34 million, 288,000-square foot building on 15 acres in the Tolenas Industrial Park. Frank-Lin was the first completed Recovery Zone Facility Bond project in California to go through the state reallocation process, according to a prepared statement.

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