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Sloane update, part II.

Sloane Update, Part II

Sloane, a manufacturer of plastic pipe fittings and valves, began looking at Little Rock to escape California's tougher environmental regulations and its unions.

We hear a third party will do a fancy land swap that will net Sloane millions in tax savings and a new building at the port.

Reportedly, three banks already have agreed to finance the deal.

Little Rock City Manager Tom Dalton says such land swaps are "not uncommon," but he wouldn't comment further.

Bob Brave, director of the Little Rock Port Authority, claims he doesn't know what we're talking about.

Want more info on Sloane?

It's a subsidiary of Colorado-based Susquehanna Corp., which has operations in Bakersfield, Calif.; Cleveland; British Columbia and Mexico.
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Publication:Arkansas Business
Date:Sep 16, 1991
Words:121
Previous Article:Tax deductible, baby.
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