In a pivotal moment for Harrison County, the Commission addressed key financial updates regarding the Charles Point Crossing project during their recent meeting. The discussions centered on the financing, leases, and construction status, with a commitment to semi-weekly updates from the joint venture entity to the trustee, although sensitive financial information will not be shared with the county due to FOIA regulations.

A significant point of contention arose over a requisition for payment submitted by Genesis to the West Virginia Department of Transportation. This payment was necessary to realign the Charles Point Crossing site with the 279 right of way, as some of the right of way extended onto the construction site. Initially, Genesis sought to use bond proceeds for this payment, but bondholders opposed this approach. Ultimately, Genesis resolved the issue by covering the costs themselves and provided evidence of payment.

Additionally, the Commission confirmed that Genesis and its affiliates will maintain all taxes and assessments during the build-out of Charles Point Crossing. These terms were agreed upon by Genesis, Interstate, and the bondholders, marking a crucial step in the project’s progression. The county's involvement is essential as the issuer of the bonds, particularly concerning the subordination and release of collateral.

This meeting underscored the collaborative efforts between the county and project stakeholders, paving the way for the successful advancement of the Charles Point Crossing initiative.