Ascension Parish residents push for transparency on potential $900M Hyundai Steel bond deal

Louisiana weighs approval of $900 million in tax-free bonds for Hyundai steel mill

Gov. Jeff Landry has held up the project as key to economic development. But it comes with major subsidies negotiated with the help of non-disclosure agreements.

Hyundai is seeking $900M in tax-exempt bonds. The proposal is drawing pushback

Opponents of Hyundai’s planned $5.8 billion Ascension Parish steel mill on Monday urged state financing officials to halt a proposed $900 million tax-exempt bond issue. The pushback came during a… Already an INSIDER? Sign in. Already an INSIDER? Sign in

Ascension Parish residents push for transparency on potential $900M Hyundai Steel bond deal

BATON ROUGE — Residents in Ascension Parish attended a bond hearing on Monday held by the Louisiana Public Facilities Authority regarding a potential $900 million tax-exemption bond agreement for the proposed Hyundai Steel facility. So far, the state has given over $100 million directly to Hyundai for construction and over $300 million to purchase land and build a road and rail for the facility.Residents on Monday voiced their concerns about the…

$900M Tax-Exempt Bond Deal for $6bn Hyundai Louisiana Steel Facility Draws Massive Opposition

A proposed $900 million tax-exempt bond deal for the $6 billion Hyundai Louisiana steel facility is now under review. The LPA has scheduled a public hearing to outline plans for issuing the bonds. The bonds would be sold by the entity behind the mill, Hyundai-POSCO Louisiana Steel. But those who oppose the steel mill have […]

Ascension Parish residents push back on $900M Hyundai steel mill bond

Residents and community advocates expressed opposition to a proposed $900 million revenue bond for the Hyundai-POSCO steel mill during a public hearing held by the Louisiana Public Facilities Authority.