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What were the "Experts" thinking?

PSMJ Resources

For example, Jefferson County Alabama (Birmingham) expanded and modernized their water and sewer system with a large investment in their system. When this market declined and interest rates spiked in this market, the county has been pushed to brink of bankruptcy since they are unable to refinance the thirty day debt.

Finance 40
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State by State Incentives Guide

Buisness Facilities Contributed Content

Alabama Infrastructure Grant Program: Funds are available to public entities for extension of water, sewer and road facilities to service new or expanding industries. Alabama Industrial Access Road & Bridge Program: Provides financial assistance to communities for industrial access to new and expanding industries.

Income 108
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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

ALABAMA INFRASTRUCTURE GRANT PROGRAM: Funds are available for extension of water, sewer and road facilities. ALABAMA INDUSTRIAL ACCESS ROAD & BRIDGE PROGRAM: Provides financial assistance to communities for industrial access to new and expanding industries. Funds cannot be used for debt refinancing or contingency funding.

Income 75