FREDERICK, Md. (AP) — The cost of a proposed trash incinerator near Frederick is rising.
The Frederick News-Post reported Wednesday on figures released by Michael Marschner, the county’s special projects manager.READ MORE: Maryland Weather: Frigid, Blustery Morning In Store Saturday After Snow
He says the Northeast Maryland Waste Disposal Authority, which would own the incinerator, would have to issue about $471 million in revenue bonds to finance it. That’s up nearly $6 million from a year ago.
Marschner says the increase reflects probable higher interest rates by July, when the bonds may be sold.READ MORE: Person Sought In Fire That Killed 3 Baltimore Firefighters; $30K Reward Announced
He says Frederick County’s share of the projected construction cost has declined more than a million dollars to $225 million.
The project is awaiting approval from the Maryland Department of the Environment. Frederick County officials are also awaiting Carroll County’s decision on whether to remain a partner in the project.MORE NEWS: LIVE LOOK: Ocean City Expecting Up To A Foot Of Snow
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