I would anticipate the leasee being responsible for the bond. It may be funneled through the Port, but for the Port to issue bonds for the benefit of a private development, it would be a gift of public funds. I would be more concerned about finding enough buyers for the bonds. $130+ million is a tall order but perhaps some of the big utilities buying pellets will also be buying their bonds. Electric utilities have deep pockets and they have financial motives to see this get off the ground.
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