Chapel Steel Company

Company: Chapel Steel Company
Location: Bourbonnais
Amount of Bond: $6,000,000
Interest Rate: 4.15% floating
Jobs: 120 jobs
Type of Project: Manufacturing
Bond Issued: December 1998

 
Project Overview
In December of 1998 WKRDA issued $6,000,000 of Tax-Exempt Private Activity Bonds on behalf of Chapel Steel Company (JRS Realty Associates, LLC) in Bourbonnais, Illinois. The project will create 120 new jobs. JRS Realty Associates LLC purchased the formerly vacant 400,000 square foot Chicago Bridge & Iron building in Bourbonnais, IL. The project will house facilities for Chapel Steel Company, a steel service center that manufacturers steel plating and Alabama Steel Industries who is a manufacturer of steel grates.