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Rockbridge County board directs staff to pursue $14.5M financing for joint athletic center and turf field
Summary
After public concern about debt and safety, the board voted unanimously Nov. 10 to pursue Davenport & Company’s recommended financing (borrow ~$14.5M, use $4.0M in reserves), authorize detailed design and begin turf procurement for a joint school/community athletic center.
The Rockbridge County Board of Supervisors voted unanimously Nov. 10 to direct staff to pursue the county’s recommended financing scenario for a proposed joint athletic center and a turf field and to authorize the school division to begin detailed design work and procurement.
Administrator Spencer Suter summarized the schools’ request and the consultant work behind the proposal, saying Spectrum Design estimated an athletic center at about $12,769,488 and a turf field at about $1,250,000. He said Davenport & Company reviewed funding options and recommended borrowing roughly $14.5 million while using $4.0 million from county reserves to seed a debt‑service fund (“option 2”). Suter told the board the combined request…
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