Article: Fate of Albert Lea, Minn., Meatpacking Plant Affected by Bankruptcy Issue.

By Lee Egerstrom, Saint Paul Pioneer Press, Minn. Knight Ridder/Tribune Business News

Jun. 4--Prospects for rebuilding the fire-damaged Albert Lea meatpacking plant, already tied up in disputes with insurance companies, have become even more complicated by Farmland Industries filing for reorganization under bankruptcy laws and by an unsolicited offer from Smithfield Foods to buy Farmland's meat operations.

The Minnesota Legislature approved a package of economic incentives late in May for Farmland to rebuild the Albert Lea plant. These include extension of a tax increment financing district, a sales tax exemption on building materials, aid to the ...

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