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Regional commission seeks Christiansburg home; Radford’s share could be $246,000 or ~$18,000 a year
Summary
The New River Valley Regional Commission told Radford City Council it has a $2 million purchase agreement for a Christiansburg bank building and estimates a $3.25 million project cost; financing options include a lump-sum assessment ($246,000 for Radford) or a 20-year note (~$18,000/year).
Kevin Byrd, director of the New River Valley Regional Commission, told Radford City Council the commission is under a purchase agreement for the former American National/Atlantic Union bank at 2950 Market Street NE in Christiansburg and laid out a financing plan for a regional office and meeting space.
"We have a purchase agreement in place for $2,000,000 for the facility," Byrd said, adding preliminary architecturals show the building can accommodate two meeting rooms and room for future expansion. Byrd estimated…
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