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Sunday, January 24, 2010

Arts Center Bonds May Be Issued In 2011


In 2004, Chesterfield County citizens approved a bond referendum specifying $5.9M for the Chesterfield Center for the Arts, later increased to $6.9M, with the general community challenged to raise $1,081,000 in private donations to meet a target of c. $8,000,000, with a construction date of 2010.

In the light of the current downturn of the economy, the County may put off the sale of the bonds until 2012 (not 2016, as eronneously reported) with construction to also begin in 2012, with completion the same year.

The next step is to obtain funding for a capital campaign to raise the required private donations.

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