05-03-2016 01:39 via nevadaappeal.com

Faraday to post bond to protect state if factory flops

NORTH LAS VEGAS — An electric carmaker that was granted up to $335 million in incentives to build a factory in Nevada said this week it will put up a $75 million bond so taxpayers aren’t on the hook if its planned car factory goes belly-up.Executives for Faraday Future sent a letter to Nevada officials this week promising to help guarantee some of the $120 million in public investments in infrastructure at the Apex Industrial Park in North Las Vegas. Faraday would be released from th
Read more »