'How much is the land costing ?' $850,000, down from $1.4m
'where is the $25m they intend to invest in the Kentucky district going to come from ?'
"Further benefits possible via Tennessee Valley Authority, both from Valley Investment Initiative and possible low interest financing through the Economic Development Funds facility"
Or I would suspect Alcoa have access to cheap financing through the CDB which can be provided to 'friends' of Alcoa. The conversions of options. Or at last resort, the possibility of one of the big banks(UBS etc) coming onboard for a small issue of capital($5m/5m shares) for cheap financing.
Ann: MHM US Site Selection and Incentives , page-40
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