County looks at options for Apple data center cash
Monday, March 12, 2012
BEND, Ore. (AP) -- Crook County commissioners are working on a plan for spending the $5.6 million they acquired in a recent land purchase by Apple Inc.
The Bend Bulletin reports (http://bit.ly/ApXOn0 ) that commissioners voted last week to put most of the money into a fund they can use to pay off debt or get access to capital in the future. County Judge Mike McCabe, the chief commissioner, says officials might use some of the money to pay back the county road fund, which was drawn down to pay off a $1 million bank loan for airport improvements.
Commissioners also voted to put some money in the county's general fund and a contingency account.
Apple bought a 160-acre parcel from the county last month with plans to build a data center in Prineville.