Why should a profitable company look for taxpayer subsidies??
NGL Offers Reason for Construction Delay
By Rosanne Boyett
Cibola Beacon 01/23/15
MILAN – Village of Milan
received notification early last week that NGL has delayed the construction of
its $50 million project.
"NGL Energy Partners,
LP confirmed today that the start of construction for its crude-by-rail loading
facility in Milan, N.M., has been pushed back by between two to three months
because of delays in receiving certain authorizations. A revised start
date for construction is under evaluation," said Project Manager Greg
Staff in a Jan. 19 email. (The project manager’s office is located in Houston,
Texas.)
“I told the Board of
Trustees during last week’s closed session that the project has been put on
hold because of the crude oil market,” said Bruce Boyton, Village legal
counsel. “Hopefully it has been delayed for only a short time.”.....
...The company received a Local
Economic Development Act grant from the State last year. Governor Susana
Martinez made the $1.2 million award during the Oct. 16 ceremony at the
Village Hall.
Eileen Chavez Yarborough,
Cibola Communities Economic Foundation executive director, had been
instrumental in assisting with the NGL application for the LEDA grant. The
award was designed to provide funding for upgrades to the Burlington Northern
Santa Fe Railroad crossing at Mill Road. “I have not received an official
response from the State about how the project’s delay will affect the LEDA
funding,” she said on Tuesday.
Boynton noted, “My
understanding is that the LEDA funds must be used before the end of the current
fiscal year, which is June 30.”..... more here
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