Kestrel Owes Millions to City of Superior and State of Wisconsin

Owner of Kestrel Still Optimistic About Building Plant in Superior

SUPERIOR, Wis.-The state of Wisconsin is moving forward with legal action against Kestrel Aircraft.

The state says the company is in serious default on millions of dollars in loans that were supposed to be used to build a manufacturing plant in Superior.

That plant was expected to break ground by the Superior airport in 2013 and bring more than 650 manufacutring jobs with it.

All of that right now is way up in the air.

Tonight, beyond the roughly $4 million Kestrel owes the Wisconsin Economic Development Corporation, there’s another $2 million the company owes the city of Superior.

That money was supposed to go toward the development of the Kestrel plant in Superior with the promise of new jobs.

Superior Mayor Jim Paine’s office says the city council will be meeting to decide what to do about the future of their loan.

Meanwhile, Kestrel CEO Alan Klapmeier told Fox 21 that he feels obligated to continue to move forward in building the plant in Superior.

During our 9 p.m. newscast, we will have anĀ  interview with Klapmeier himself.

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