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Board debates Star Bond program and denies sending initial notice of interest to state
Summary
LaSalle County discussed the Star Bond economic-development program April 9, including thresholds, financing mechanics and regional competition; after debate a motion to send an initial notice of interest to the state was denied by roll call (7 ayes, 19 nays).
LaSalle County discussed the Star Bond program April 9 as a potential economic-development tool. Staff reviewed program basics described in a state memo: district thresholds and project expectations were discussed (contributors to the discussion cited thresholds such as $30 million projected capital investment and $60 million annual gross sales), and staff noted that the first step to pursue a Star…
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