Should Arnold Issue Bonds to Pay for AB-InBev Plant Expansion?
At least two councilmembers say no and voted against the issuance of up to $88 million in bonds, as well as the associated tax abatement on the expansion to the facility.
At least two Arnold City Council members say they are against the city financially helping Anheuser Busch-InBev expand its Arnold Metal Container Corporation. On Thursday, the Arnold City Council approved a measure issuing up to $88 million in bonds to help pay for the 130,000-square-foot expansion. The measure also provides tax abatement on the expansion of the facility. The council voted 5-to-2 in favor of the measure. Councilmembers Doris Borgelt, Ward 1, and Michelle Hohmeier, Ward 2, cast the opposing votes. Ward 4 Councilwoman Sandra Kownacki was absent from the meeting. Stay up-to-date on business news in the community by liking Arnold Patch on Facebook. "This isn't the proper role of government," said Hohmeier, referring to the …
In this Article:
Bob Falkenberg
10:18 am on Tuesday, December 11, 2012
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