Northern Beef Packers faces liens

by Meat&Poultry Staff
Share This:

ABERDEEN, SD – Mechanic’s liens have been filed against Northern Beef Packers, according to a report in the Aberdeen News.

The new liens total more than $474,000. Many other businesses have also filed mechanic’s liens against the processing plant in the past. Those liens total more than $12 million, according to the report. Money from the sale of tax increment finance bonds will be used to pay construction costs and the liens. Roughly $2.8 million in TIF bonds already have been sold. A total of $8.5 million in TIF bonds can be sold to fund construction on the plant. The deadline for the bonds to be sold is April 27.

Laure Swanson, spokeswoman for Northern Beef Packers, said the bonds are important because the company doesn’t want to borrow more money. Construction on the processing plant has slowed on lack of finances.

Comment on this Article
We welcome your thoughtful comments. Please comply with our Community rules.

 

 


The views expressed in the comments section of Meat and Poultry News do not reflect those of Meat and Poultry News or its parent company, Sosland Publishing Co., Kansas City, Mo. Concern regarding a specific comment may be registered with the Editor by clicking the Report Abuse link.