MARION - A bill designed to make possible a major development project in Marion has been filed and awaits action in the House.
Senate Bill 2093, sponsored by state Sen. Gary Forby, D-Benton, and state Rep. John Bradley, D-Marion, will authorize Sales Tax and Revenue (STAR) bonds for the project as an incentive to bring major destination development businesses into the area. The project was announced Saturday, just one day after a similar deal proposed by project developer Holland Construction of Swansea was killed over arguments and disagreements in its establishment.
The Marion project is expected to create 6,000 construction jobs for the region and earnings of more than $174 million, according to a study done by the Franklin County Economic Development Corp. Once completed, 5,685 full-time jobs could be created with earnings of more than $250 million, the study further states.
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Total regional economic impact is expected to be more than $756 million.