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New Albany Site Could Become Industrial Park With Bond Money

Last updated on Thursday, December 27, 2007

(NEW ALBANY) - The New Albany city council has approved a resolution authorizing up to eight million dollars in bonds to improve a 40-acre site that could become an industrial park.

Money from the bonds will be used for capital improvements like sewers and road work in the Southern Indiana city.

Outgoing Mayor James Garner calls the bond authorization a key to future economic development. The 40-acre site could be used for companies interested in expanding or moving to the area.

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