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Council approves revenue bond financing for redevelopment of 1300 Campbell Avenue
Summary
Council approved a revenue bond issuance to support the Lynchburg Redevelopment & Housing Authority's redevelopment of the Parker Jennings building (1300 Campbell Ave), with project financing stacked from VHDA, federal historic tax credits and other sources and a projected construction start in the second quarter of next year.
Lynchburg City Council approved a resolution supporting revenue bond issuance to finance renovation of the Parker Jennings building at 1300 Campbell Avenue.
Project representatives told council they have construction and long-term financing in place, including tax credits…
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