11-17-11
CROWN POINT — Lake County Indiana Solid Waste Management Board members got a chance to find out more about a new deal to finance the proposed garbage-to-ethanol plant during a Wednesday meeting.
California-based hedge fund manager Hugo Cadena, who heads up Visage 1 LLC, said he’s making final preparations for a $12 billion bond sale — $300 million of which would finance the plant that will likely be located near Schneider. Cadena said the board will have a good idea of whether the sale is successful in 90 days. Cadena and other parties spoke with board members via teleconference at the Purdue Technology Center.
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