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Kentucky Releases Records on $15 Million Plant Investment

Jan. 10, 2020, 10:28 PM

Kentucky Gov. Andy Beshear (D) released records of a confidential incentive deal in which the state became a 20% owner in a proposed aluminum mill but kept the identity of other investors secret.

The disclosure on Friday followed a multiyear legal fight with the Courier Journal. The newspaper argued the state’s unusual 2017 direct-investment into Braidy Industries Inc., a proposed $1.3 billion aluminum plant, required the state to release documents naming the project’s other investors.

Braidy released the names in late 2017, but former Gov. Matt Bevin (R) refused to produce the letter of intent, stock purchase agreement, ...