April 24, 2007

Speaking of cars...

Honda planning new expansion at Alabama plant

TALLADEGA, Ala. (AP) The Talladega County Commission approved nearly $2 million in new tax breaks for Honda, which announced a $64.5 million expansion of its east Alabama assembly plant. [...]

That there is a lot of cash. What's weird is that when you read the story, it sure sounds like A LOT OF CASH, for what turns out to be a storage shed.

Well, sorta.

The tax abatements, approved during a meeting Monday, are related to a 27,000-square-foot expansion that will create 20 jobs. Work is set to begin May 1, with completion set for 2009.

The new space will be used to store steel near assembly lines where machines stamp out car parts. [...]

A really, really nice shed.

Posted by Terry Oglesby at April 24, 2007 12:13 PM