Saturday, August 28, 2010

Deadline looms over Crown in Hampshire

Over-expansion in Hampshire may mean that bondholder will receive only 33 cents on a dollar.  Could something similar be looming on any Boone County projects?

75 million worth of bonds were sold in 2007 to raise money to build roads, expand wastewater and water treatment plants, and other infrastructure improvements to serve the planned Prairie Ridge, Oakstead and Tamms Farm subdivisions. 

Three weeks ago, the village [of Hampshire] submitted a tender offer to the bond holders to buy back the bonds for about $28 million. The $28 million would come from funds still unspent from the original bond sale, plus $3.5 million kicked in by Crown.

Click on the following for more details:  Deadline looms over Crown in Hampshire :: The Courier News :: Local News

Chemtool keeping jobs at Crystal Lake facility

 

He estimated that 40 to 60 employees – down from about 250 jobs at its peak – would remain at 130,000-square-foot plant on 56 acres at 8200 Ridgefield Road [in Crystal Lake]

some production, some warehousing, and some packaging will remain. Crystal Lake is my town. I’ve lived here all my life.”

Click on the following for Mr. Athans’ plans for the Winnebago and McHenry County facilities:  Business Journal | Chemtool keeping jobs at Crystal Lake facility