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Superior City Council Approves To Pay Off $2.5 Million Debt From Kestrel Aircraft Deal

Superior City Council Approves To Pay Off $2.5 Million Debt From Kestrel Aircraft Deal
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Superior City Council Pays Off $2.66 Million Kestrel Loan

Superior City Council Pays Off $2.66 Million Kestrel Loan
Sometimes you need to move forward. One of those forward-looking steps for the Superior City Council was to pay off the $2.66 million bond that they had secured on behalf of Kestrel Aircraft Company in 2012 - when the company was trying to build a manufacturing plant in the city; that deal dissolved when the company s leadership had a dispute with the State of Wisconsin. The move to pay off the bond was approved by the Superior City Council at their meeting on March 2.
The plans for Kestrel Aircraft and Superior were large in scope. Details released by the Superior Telegram show that there had been a promise of 600 jobs at a plant where Kestrel would build its K-350 model - a turboprop, carbon composite airplane . Kestrel had been making payments on the $2.66 million bond it had secured until October 2015. Since that time, the company has been in default on the loan. ....

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Superior City Council Pays Off $2.66 Million Kestrel Loan

Superior City Council Pays Off $2.66 Million Kestrel Loan
Sometimes you need to move forward. One of those forward-looking steps for the Superior City Council was to pay off the $2.66 million bond that they had secured on behalf of Kestrel Aircraft Company in 2012 - when the company was trying to build a manufacturing plant in the city; that deal dissolved when the company s leadership had a dispute with the State of Wisconsin. The move to pay off the bond was approved by the Superior City Council at their meeting on March 2.
The plans for Kestrel Aircraft and Superior were large in scope. Details released by the Superior Telegram show that there had been a promise of 600 jobs at a plant where Kestrel would build its K-350 model - a turboprop, carbon composite airplane . Kestrel had been making payments on the $2.66 million bond it had secured until October 2015. Since that time, the company has been in default on the loan. ....

Douglas County , United States , State Of Wisconsin , City Of Superior , Jim Paine , City Council , Wisconsin Economic Development Corporation , Kestrel Aircraft Company , Douglas County Revolving Loan Fund , Superior City Council , Kestrel Aircraft , Superior Telegram , Mayor Jim Paine , Eclipse Aircraft , Duluth Superior News , டக்ளஸ் கவுண்டி , ஒன்றுபட்டது மாநிலங்களில் , நிலை ஆஃப் விஸ்கான்சின் , நகரம் ஆஃப் உயர்ந்தது , ஜிம் பெயின் , நகரம் சபை , விஸ்கான்சின் பொருளாதார வளர்ச்சி நிறுவனம் , கெஸ்ட்ரல் வான்கலம் நிறுவனம் , டக்ளஸ் கவுண்டி சுழலும் கடன் நிதி , உயர்ந்தது நகரம் சபை , கெஸ்ட்ரல் வான்கலம் ,