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To: Uncle Chip
From you on another thread ...

Huy Fong Sriracha Controversy [wikipedia]:

The City of Irwindale offered a low interest loan to Huy Fong Foods in 2010 to locate its Sriracha factory in Irwindale.

Huy Fong took the loan and contributed $250,000 a year to the city as part of the deal.

Huy Fong built a $40-million factory planned to generate about $300 million a year in sales.

Shortly after Huy Fong paid off the loan early and stopped contributing to the city, Huy Fong became involved in lawsuits brought by its neighbors and the city of Irwindale, who complain of the odors of jalapeño pepper and garlic generated by the plant.

Typical racist foreigner - pays off his loan early and forgets that interest is forever. Wouldn't be surprised if the city reappraises the property for double it current value.

28 posted on 04/17/2014 8:28:13 AM PDT by texas booster (Join FreeRepublic's Folding@Home team (Team # 36120) Cure Alzheimer's!)
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To: texas booster

They should sue the city for the $40 million it spent for the factory.


29 posted on 04/17/2014 8:48:35 AM PDT by Uncle Chip
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