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EDA to administer bonds for ODU Barry Art Museum expansion; council vote set for Feb. 28
Summary
Norfolk’s Economic Development Authority plans to serve as issuer/administrator for revenue bonds to help bridge timing for Old Dominion University Real Estate Foundation’s $23 million Barry Art Museum expansion; EDA and city will not assume debt on their books, the director said.
Sean Washington, director of economic development and executive director of the Economic Development Authority (EDA), briefed the City Council on Feb. 11 about a proposed revenue bond issuance to help finance an expansion of the Barry Art Museum on Old Dominion University’s campus.
Washington said the museum plans a roughly 24,000‑square‑foot, three‑story addition (the Weitzer…
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