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Board approves up to $180 million in EDA conduit bonds for Bon Secours Saint Mary's expansion; some residents voice opposition
Summary
Henrico’s Board of Supervisors voted to permit the county EDA to act as conduit issuer for up to $180 million in revenue bonds to benefit Bon Secours’ Saint Mary’s hospital work in Henrico as part of a $600 million multi-jurisdictional issue.
The Henrico Board of Supervisors approved a resolution on March 25 allowing the county’s Economic Development Authority (EDA) to serve as conduit issuer for revenue bonds to benefit Bon Secours Mercy Health, with Henrico’s portion limited to $180 million of a larger $600 million multi-locality bond issue.
Mister Romanello (county staff) told the board the action would permit the EDA to issue up to…
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