Stimulas Funds Fuel Plants In Mississippi

If the plant will cost 250 million and it will employ 150, isn't that 1.6 million per job.

Now maybe the plant was a good idea. I'm for recycling. But how is this efficient "job creation"

What is this company getting out of this deal. I'll hire as many people as you want for 1.6 million for each job created.

Someone had to pocket the free fall.........

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FULTON – Fulton officials are looking into ways to recoup some of the money the city invested in the failed BlueFire Renewables project.

 

Last week, Fulton attorney Chip Mills, who represents the city’s board of aldermen, told city leaders that he’s exploring whatever legal avenues he can to see if the city can recover some of the money it invested in the long-gestating, now-defunct energy plant project.

“I’d like to look at some of the official channels as I try to decide if the city can recoup anything from BlueFire,” Mills said.

Mills told aldermen he’s sent official letters to the county asking for information regarding the contracts among the county, BlueFire and the city. Although the county complied, Mills said he believes he’s still missing some of the paperwork.

Here’s a quick review of the troubled relationship between BlueFire and Fulton: In 2009, the city borrowed $2.3 million from the Mississippi Development Authority to help develop land on Access Road, near Port Itawamba, to accommodate the California-based upstart, which planned to build a $400 million ethanol plant in the city. The city split the cost with Itawamba County, which paid $2.3 million.

Based on the agreement among BlueFire, Itawamba County and the City of Fulton, the energy company would make lease payments to the county, which would reimburse the city a portion of said payment.

That agreement held for several years. But beginning around 201, BlueFire began missing payments as it struggled with financing through the U.S. Department of Energy and, later, China Eximbank.

In 2014, BlueFire stopped making payments to the county altogether and, in turn, had its lease terminated the following year. The status of the company is currently unclear.

 

Calls and emails from The Times to the company and its CEO, Arnold Klann, have gone unanswered.

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Those mobumba years, he couldn't throw money away fast enough..
Everything he did failed.
Kraven posted:

Someone had to pocket the free fall.........

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FULTON – Fulton officials are looking into ways to recoup some of the money the city invested in the failed BlueFire Renewables project.

 

Last week, Fulton attorney Chip Mills, who represents the city’s board of aldermen, told city leaders that he’s exploring whatever legal avenues he can to see if the city can recover some of the money it invested in the long-gestating, now-defunct energy plant project.

“I’d like to look at some of the official channels as I try to decide if the city can recoup anything from BlueFire,” Mills said.

Mills told aldermen he’s sent official letters to the county asking for information regarding the contracts among the county, BlueFire and the city. Although the county complied, Mills said he believes he’s still missing some of the paperwork.

Here’s a quick review of the troubled relationship between BlueFire and Fulton: In 2009, the city borrowed $2.3 million from the Mississippi Development Authority to help develop land on Access Road, near Port Itawamba, to accommodate the California-based upstart, which planned to build a $400 million ethanol plant in the city. The city split the cost with Itawamba County, which paid $2.3 million.

Based on the agreement among BlueFire, Itawamba County and the City of Fulton, the energy company would make lease payments to the county, which would reimburse the city a portion of said payment.

That agreement held for several years. But beginning around 201, BlueFire began missing payments as it struggled with financing through the U.S. Department of Energy and, later, China Eximbank.

In 2014, BlueFire stopped making payments to the county altogether and, in turn, had its lease terminated the following year. The status of the company is currently unclear.

 

Calls and emails from The Times to the company and its CEO, Arnold Klann, have gone unanswered.

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Those mobumba years, he couldn't throw money away fast enough..
Everything he did failed.

Au contraire, Obama did his work well -- totally screwed up the US. 

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