Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council delays vote on $30M revenue-bond conduit for 1300 Campbell Avenue redevelopment; moves matter to work session
Summary
Council voted to move consideration of a request for LRHA to issue $30 million in private activity revenue bonds for redevelopment of 1300 Campbell Avenue to a work session for further vetting.
Council received a detailed presentation from Tom Martin, redevelopment director, and representatives from Astoria Housing Partners on a proposed $50 million redevelopment of the vacant 1300 Campbell Avenue building into roughly 120'125 residential units. Astoria asked the Lynchburg Redevelopment & Housing Authority (LRHA) to serve as conduit issuer for $30,000,000 in private activity (tax-exempt) bonds to finance…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
