Local Tech Wire

KANNAPOLIS, N.C. – The is still waiting for word about a possible rating from Standard & Poor’s for proposed tax increment bonds.
The future of the TIF bonds is still “up in the air,” the Salisbury Post reported.
Kannapolis City Manager Mike Legg told the Kannapolis City Council earlier this week that a decision is due within two weeks.

”If it’s not positive, if they have reservations or say no, we’re back to square one,“ the newspaper quoted Legg as saying.

”I don’t have any other answers in my back pocket, so it’ll be wait and see on that point.”

The bond issue has been put off due to the slumping economy,

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