Friday, December 10, 2010

Update on RiverPlace, Proposed Marshall Baseball Stadium

Missed this, from the December 5th Charleston Gazette: http://wvgazette.com/News/201012030962

Keith McGuire, one of the developers who want to build RiverPlace -- a proposed $250 million project that would include a hotel and baseball stadium in downtown Huntington -- said, "We are working diligently to get our bond issue together and sold."

The state Economic Development Authority has authorized RiverPlace to issue $50 million in bonds to help finance the project. The authority has said federal law requires that the developers sell the bonds by Dec. 31. McGuire acknowledged a tight time frame but said, "There is some leeway past that date" if certain conditions are met.

"We are still in negotiations with two or three people who are interested in buying the bonds -- large corporations that have the wherewithal to buy the bond issues," he said.

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