Monday, May 12, 2014

Council to discuss event center funding

While an official decision on the proposed event center has not been scheduled, Rocky Mount City Council could vote Monday to move forward with plans for funding the more than $42 million project.

“I made a motion that was seconded in the past that we empower city staff to pursue funding for the event center with the latest New Market Tax Credits and EB-5 funding, so I expect that action along with discussion will take place at the meeting,” Councilman Reuben Blackwell said. “I certainly hope that the majority of the council feels this project is sound enough and fiscally feasible to begin to look seriously at our funding options for it.” (Source: Read more)

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