Arizona lumber mill struggles to pay interest on $200 million in bonds
Restoration Forest Products plan to profit from thinning small pines from U.S. forests hasn't panned out. The company needs more cash for its sawmill.
Source: yahoo.com
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$200 million bond issued to ramp up forest restoration in northern Arizona
Large-scale restoration in northern Arizona has moved at a slow pace for nearly a decade. Now, the company tasked with thinning hundreds of thousands of acres as part of the Four Forest Restoration Initiative has been issued a $200 million bond to ramp up work.
Source: knau.org
Biden administration announces plan to boost fight against 'megafires'
The new initiative is intended to jump-start a struggling forest-thinning project in Arizona, where overgrown forests have led to huge wildfires.
Source: azcentral.com
Arizona company restoring forests while creating wood products for industries
A company based out of Mesa is hoping to help prevent catastrophic wildfires, while at the same time help construction companies stay fully stocked during a lumber shortage.
Source: fox10phoenix.com