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    County panel approves $14.5M for Big River Steel

    7:21 PM, Mar 6, 2013   |    comments
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    Local and State News:

    BLYTHEVILLE, Ark. (AP) - The Mississippi County Planning and Development Committee has signed off on $14.5 million in funding for the proposed $1.1 billion Big River Steel mill to be built near Osceola.

    The committee approved a resolution Tuesday to appropriate the money from the county's economic development tax. The measure still needs approval from the county's finance committee and the full quorum court.

    Mill developers say 2,000 construction workers would be needed to build the mill, which promises to employ more than 500 people.

    The project is contingent on the Legislature's approval of $125 million in bonds to help finance the project.

    The Jonesboro Sun reports that the Mississippi County Quorum Court plans to vote on the proposal at its March 26 meeting.

    (Copyright 2013 The Associated Press. All rights reserved.)

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