Lacassine sugar mill debt dilemma - WLOX.com - The News for South Mississippi

Lacassine sugar mill debt dilemma

It took $78 million dollars to build a sugar mill in Lacassine that only operated for 90 days.

Now, Agriculture Commissioner Mike Strain is borrowing $7 million dollars to take control of the defunct mill, which is teetering on default of its debt payments.

Strain says if the state doesn't buy out the mill, a bank would take over the property and the Department of Agriculture wouldn't be able to sell it or lease it to recoup some of its investment.

Copyright 2012 WAFB. All rights reserved.

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