The city of Huntsville, as well as other north Alabama government entities, have fully recovered incentives used to lure Remington Arms to open a gun manufacturing facility in the Rocket City.
Huntsville officials made the announcement Friday in a statement, saying that $12.5 million in incentives to Remington has been regained through the sale of Remingtons 800,000 square foot facility on Electronics Boulevard near Huntsville International Airport, the announcement said.
Remington declared Chapter 13 bankruptcy last year.
Other government agencies involved in the project included the city of Athens as well as the commissions of Madison, Morgan and Limestone counties and the Limestone County Economic Development Association.
Rela…
Read the full article at: https://www.al.com/news/2021/07/city-of-huntsville-recovers-investment-in-bankrupt-remington-project.html
