Commission agrees to inducement resolution for large wind project; vote splits 3–2
Grant County approved a nonbinding inducement resolution to extend the issuance period for industrial revenue bonds for a proposed wind project (not-to-exceed amounts discussed near $650M–$700M). The inducement is an economic-incentive step and passed 3–2 amid commissioners' concerns about subsidies and long-term energy costs.
The full story
The Grant County commission adopted an inducement resolution to extend the timeline for issuance of industrial revenue bonds (IRBs) for a proposed wind-energy project. The resolution is nonbinding but provides the project company capacity to pursue tax-exempt certificates and financing necessary for construction.
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