Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Lynchburg EDA backs Centra refinancing and expansion plan, adopting inducement resolution for up to $365 million
Summary
The EDA adopted an inducement resolution recommending issuance of revenue bonds not to exceed $365 million (plus refunding amounts) to refinance prior debt and fund a multi‑year modernization and expansion at Lynchburg General Hospital, including a new six‑story facility and emergency department improvements.
The Economic Development Authority on March 19 adopted an inducement resolution recommending issuance of revenue bonds in an aggregate principal amount not to exceed $365 million, plus amounts necessary to refinance previously issued bonds, to support Centra’s investment at Lynchburg General Hospital.
Centra’s bond counsel described the financing as a combination of new money for modernization and refunding of existing debt; most new money,…
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
