Lotte Aluminum bags a revised US$450 million incentive package from Elizabethtown City Council

The City Attorney Ken Howard exclaimed about the action in a statement released beforehand: "The industrial revenue bond, if they are going to issue it for property and equipment, the property and equipment then gets transferred to the city, and then we issue the bonds. We will have a lease agreement between the city and these companies that requires them to pay the lease payments."