In reversal, SLIB approves money for Casper project

Feb 7, 2014 The Associated Press

CHEYENNE -- The State Loan and Investment Board has approved a $2.5 million loan to develop infrastructure on the site of a proposed conference center near downtown Casper.

The 3-2 decision by the board comes about three weeks after it had rejected a similar proposal.

In addition, the money is less than the $5 million grant the Amoco Reuse Agreement Joint Powers Board originally requested.

The joint powers board chairman, Bryce Row, his board will have to meet with private developers to see how the new amount affects the project.

The project seeks to develop former refinery land into a commercial district, with a conference center and luxury hotel as the anchor.

The SLIB is made up of the five state elected officials. Gov. Matt Mead, State Treasurer Mark Gordon and State Auditor Cynthia Cloud voted for the loan, while Secretary of State Max Maxfield and Superintendent of Public Instruction Cindy Hill were reported as the "no" votes.

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