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Pocatello, Idaho Struggles After Factory Fails

November 6, 2013 /

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With great fanfare, a Chinese polysilicon factory broke ground on 67 acres here in 2007. Then, as the rest of the nation tumbled into recession, the plant rose up in shimmering promise, leaving this tough-edged railroad town — blue collar and union in a sea of southeast Idaho potato farms — feeling pretty good about the future.

So what if the company wanted breaks and concessions? The decision by the city to buy the land and lease it back almost free seemed like a bargain at $1.4 million, given the potential payoff.

By KIRK JOHNSON

Full Story: http://www.nytimes.com/2013/11/06/us/idaho-town-struggles-after-pinning-hopes-on-failed-factory.html?_r=0

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