Agriprocessors bankruptcy could cost Postville millions
December 16, 2008
The city of Postville, Iowa, built a wastewater treatment plant
to help the Agriprocessors
meatpacking plant meet regulatory compliance. But the company is going to bankruptcy court
and is already behind on payments
to the city for the use of the plant. If the company goes under, then Postville may be forced to pay back the balance on the Federal loan it used to build the plant, but without the revenues it anticipated receiving to cover the bill.
last revised December 2008