The Senate Institutions Committee on Friday approved on a 5-0 vote legislation to authorize the sale or lease of the Brighton State Airport to either the Town Brighton or Vermont Renewable Energy Co. The details of the sale or lease will be left up to the Agency of Transportation to negotiate. The property will be sold at fair market value. The legislation next goes to the full Senate for review and consideration.
"This legislation, if ultimately approved by the 2010 General Assembly, will help pave the way for much needed jobs in the Northeast Kingdom and create a new market for wood in the region. It is estimated that 34 new jobs will be created at the plant and approximately 150 jobs will be either created or impacted in a positive way in the region," Sen. Vince Illuzzi, Chair
Senate Economic Development, General Affairs & Housing Committee. "The wood pellet plant will also help to support those businesses in the region that depend in whole or in part on the logging industry."
Source: Senate Economic Development, General Affairs & Housing Committee. 3.12.2010
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