This just came for JSinclair. You would think that the excitement around mining ventures in Idaho should be reaching crescendo proportions and that every effort possible would be made to be minig friendly. For potentially elephant projects like SFMI, one has to think there should be every encouragement and support possible. The future for the Boise area in particular must depend very much on the jobs, investment and input that projects like SFMI present.

"Boise County files for bankruptcy
CIGA Eric

And, so it begins, driven not by politics (leadership) but rather market forces.

In a move rare in the United States and perhaps unprecedented in Idaho, Boise County is filing for federal protection against a multimillion dollar judgment.

“This was not our first option. This was our last option,” said Jamie Anderson, chairwoman of the three-member Boise County Board of Commissioners. “This protects us so we can continue to operate.”

Chapter 9 protection, from a section of federal code expressly for financially distressed municipalities, means that creditors can’t collect while the county is developing a plan for reorganizing its debts.

Dan Chadwick, an attorney and executive director of the Idaho Association of Counties, said he is not aware of any other county, city or taxing district in Idaho ever filing for bankruptcy. He’s been with the association for 20 years and before that was at the Attorney General’s Office for 10 years, he said.

Source: idahostatesman.com