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Bon Secours seeks Portsmouth concurrence for roughly $30 million in Maryview projects
Summary
Bon Secours Mercy Health representatives told the Portsmouth City Council at a Jan. work session that the health system plans a public offering of tax-exempt revenue bonds that would allocate about $30,000,000 to Maryview Hospital for recent and planned capital projects.
Bon Secours Mercy Health representatives told the Portsmouth City Council at a Jan. work session that the health system plans a public offering of tax-exempt revenue bonds that would allocate about $30,000,000 to Maryview Hospital for recent and planned capital projects.
Erin Sutton, bond counsel with Dinsmore & Shohl, told council members the Henrico County Economic Development Authority would serve as the governmental issuer and that state and federal steps are required before proceedings continue. Sutton said notice of a public hearing for the transaction was published in the Virginian-Pilot the day of the meeting and that the City of Portsmouth’s Economic Development Authority will hold a TEFRA (public) hearing next Tuesday. The presenters said Henrico EDA is scheduled to consider an inducement resolution…
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