Oct. 24, 2010
Development Authority Has Now Authorized $50 Million in River Place Bonds
By Tony Rutherford
Huntingtonnews.net Reporter
Charleston, WV (HNN) – Besides authorizing the issuance of $5.1 million dollars in recovery bonds for the Big Sandy Super Store Arena, the Economic Development Authority extended the bonding capacity of Huntington’s proposed RiverPlace development.
The Authority has now approved $50 million in bonds for the proposed baseball stadium, motel, and retail shops in an area of Third Avenue at or near the former ACF Parking Lot.
The developers told the authority that they have been making progress with their plan.
They have until December 31, 2010 to find investors for the bonds.
A second phase remains under consideration, which would see an extended stay facility, athletic facility, and port training facilities on property now occupied by ACF.
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Development Authority Has Now Authorized $50 Million in River Place Bonds
By Tony Rutherford
Huntingtonnews.net Reporter
Charleston, WV (HNN) – Besides authorizing the issuance of $5.1 million dollars in recovery bonds for the Big Sandy Super Store Arena, the Economic Development Authority extended the bonding capacity of Huntington’s proposed RiverPlace development.
The Authority has now approved $50 million in bonds for the proposed baseball stadium, motel, and retail shops in an area of Third Avenue at or near the former ACF Parking Lot.
The developers told the authority that they have been making progress with their plan.
They have until December 31, 2010 to find investors for the bonds.
A second phase remains under consideration, which would see an extended stay facility, athletic facility, and port training facilities on property now occupied by ACF.
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Make HNN Your Homepage (IE Users Only)
