Replies to post #29176 on Medient Studios Inc. (fka MDNT)

[michaelstl]

Article Relating to Bonds That may help you:
Please note the following information in the article. Please read the entire article.

"The bonds are a pass-through so the company can obtain tax concessions."

“They acquire outside financing, deposit it in their bank, then buy their own bonds in whatever amount they need for the project,” said IDA Chairman John Henry. “This is a simple conduit that we do for most projects. We have no financial obligation. We do not provide any funds or incur any financial liability under these bonds.”

The value of the total project, which is expected to create 1,000 jobs, is $300 million. Phase one is $90 million. Of that, $10 million is for a land lease, $40 million is for equipment and $40 million is for buildings.

The state is contributing a $3 million grant for site preparation and building improvements, and the IDA is chipping in $1.25 million for site development.

http://savannahnow.com/effingham-now/2013-06-21/effingham-ida-approves-bonds-medient-project#.U4WxSvldV-c







Please rely on your own due-diligence when deciding to invest.