government
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.
West Virginia would let the Economic Development Authority issue up to $150 million in bonds for the Science and Culture Center. The bonds would be repaid through a lottery-backed fund, and the money could go to capital improvements and nearby sites tied to preserving state history.
- Up to $150 million in revenue bonds
- Repayment would come from lottery-backed money
- Funds could go to repairs, equipment and improvements
- The measure also covers related history-preservation sites
- 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
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.