Tazewell IDA approves conditional $1 million support for Richlands decompression facility
The Industrial Development Authority approved a $500,000 grant and a $500,000 loan to the Town of Richlands for decompression equipment, contingent on resolution of a billing dispute with the Tazewell Public Service Authority and documentation showing funds are applied to specified equipment.
The full story
The Industrial Development Authority of Tazewell County on Sept. 10 approved a resolution to provide up to $1 million in combined grant and loan support to the Town of Richlands to fund decompression equipment for a proposed gas facility, with strict conditions requiring documentation and a letter from the Tazewell Public Service Authority (PSA) that the PSA and the town are in good standing.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
Keep reading for free
Create a free account to finish this story and see the video, transcript and key details.
Continue with GoogleContinue with emailAlready have an account? Log in