City of Bristol
“No action was taken Monday on requests by Bristol, Va., officials to
the Executive Committee of the Virginia Tobacco Commission to change the way in
which $5.5 million could be paid to help finance construction on The Falls retail
development.
Assistant City Manager Andrew Trivette stood before the committee at
its Monday night meeting to ask that it change the Tobacco Region Opportunity
Fund grant of $5.5 million already pledged to the city, to give the money
directly to the city to help pay the third installment on its construction
contract.
The agreement that was approved by the commission in May 2013 — and
still stands, based on the committee’s inaction — provides that if the
legislation currently before the General Assembly to allow sales tax revenues
to be made available to the city as each phase of The Falls is completed,
rather than upon completion of the total project, is approved, the commission
doesn’t pay anything to the city.”
~Writes Allie Robinson Gibson of the Bristol Herald Courier
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