Pratt gains Valparaiso council aid on revenue bonds, 10-yr tax reduction

摘要

Pratt Industries' proposed $260 million, 360,000 tons/yr containerboard mill project in Valparaiso, IN, gained backing from the Valparaiso City Council, which this week passed an ordinance allowing Pratt to borrow up to $200 million in a bond issue using the city's tax-exempt status.