Northwest Herald | Stadium developers line up for fed stimulus bonds

Here is a new wrinkle to Boone County’s federal recovery bonds—give them to a county which  will use them. 

approved by the [McHenry]County Board, the request would take up more than half of the $27.5 million in federal bonding authority allocated to the  [McHenry]county under the economic stimulus bill for private businesses.

Munaretto said [McHenry] county was working with the Upper Illinois River Valley Development Authority to see if other Illinois counties were willing to part with some or all of their unused bonding authority.

See my earlier postings on this issue:  http://boonecountywatchdog.blogspot.com/2009/08/thinking-prudently-daily-chronicle.html 

http://boonecountywatchdog.blogspot.com/2009/08/distressed-kane-county-fits-zone-tag.html

http://boonecountywatchdog.blogspot.com/2009/08/public-hearing-on-countywide-recovery.html

 

Click on the following for the rest of the McHenry County Stadium story:

Northwest Herald | Stadium developers line up for fed stimulus bonds