Steel Mills
August 16, 2017
Algoma Lenders Make Deal on Taxes with City
Written by Sandy Williams
Lenders pursuing the purchase of Canadian steel mill Algoma have reached an agreement with the City of Sault Ste. Marie regarding payment of Algoma’s back taxes.
We have settled the tax issue,” Mayor Christian Provenzano told The Sault Star. “We are satisfied that we recovered enough moneys in our negotiations to ensure that we were very fair to the taxpayers of the City of Sault Ste. Marie and that they’re protected. We won’t have to pass on any tax increases or service cuts as a result of this issue.”
