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Science and Culture Center could get $150 million bond boost

Lottery revenue would help pay the debt, and the money could cover repairs, equipment and other capital work at the center and related history sites.

Science and Culture Center could get $150 million bond boost
Photo by Josh Sorenson on Pexels

A West Virginia bill would open the door to as much as $150 million in revenue bonds for the West Virginia Science and Culture Center. The debt would be paid from a special fund fed by lottery revenue, so the project would not rely on the same kind of ordinary state spending as a typical construction item.

The money could be used to acquire, repair, reconstruct, equip, improve or maintain capital projects at the center and at other sites tied to preserving the state’s history.

A dedicated pot for capital work

The point is not a day-to-day operating boost. It is a financing stream for physical projects, from repairs to upgrades, aimed at keeping the center and related historic sites in working shape.

Sources

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