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Commission gives preliminary approval to industrial revenue bond for Miscan expansion
Summary
Owensboro commissioners granted preliminary approval to an industrial revenue bond package to support a Miscan expansion estimated at $156 million and 44 jobs; the structure would abate much property tax by having the city own the project property while the company makes negotiated payments and the school district receives full funding.
The Owensboro City Commission granted preliminary approval to Municipal Order 19-2025, authorizing steps toward an industrial revenue bond (IRB) financing for a proposed Miscan expansion at the local facility. City staff said the expansion was previously estimated at roughly $156 million and expected to create about 44 new jobs.
City Manager Nate Pagan explained the financing structure: the city…
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