CALEXICO — More than $40 million could be given to the non-profit New River Committee here if the U.S. Justice Department and the Internal Revenue Service clear $220 million in tax breaks for a group of Bahamas-based off-shore financiers.
The Bahamas financiers, the Honberg Group Inc., operate a Los Angeles office.
According to Luis Estrada, representatives of the financiers will meet with Justice Department officials Monday.
Estrada is founder of the 10-person New River Committee and manager of Calexico's wastewater plant and airport.
Estrada was told about the meeting during a Wednesday phone conversation with Richard Zaragoza of Beck Genesis, a subsidiary of Seattle engineering firm R.W. Beck.
Since last summer, Estrada and Imperial Irrigation District Division 5 Director Rudy Maldonado have talked with Zaragoza almost every week to monitor the progress of negotiations with the financiers. Maldonado is chairman of the committee.