Eighty pieces of property and 64 separate rights to develop oil, gas and other minerals were sold by the county for taxes. The most valuable parcel was the south half of the former IMP Boat plant, which included three buildings now occupied by Sea Environments, Inc. It was sold to ACB, Inc. for $78,600, about $15 more than the taxes owed. Iola Industries, Inc., the communitys economic development arm, loaned ACB the money to make the purchase. The sale brought in a total of $111,188.
Stay connected to the stories and events that make your community a special place to call home.
Subscriptions start at $14.90/month.View subscription options
- Unmatched coverage of Allen County’s local news and sports, a tradition dating back to 1867
- Compelling portraits of our residents, experienced reporting and thoughtful analysis
- Unlimited online access to iolaregister.com and our archives