Bond sale approved for West Virginia parks improvements
CHARLESTON, W.Va. (AP) — West Virginia’s Economic Development Authority has approved the sale of up to $80 million in excess lottery revenue bonds to pay for repairs, maintenance and improvements to state parks.
Gov. Jim Justice says the action will lead to a “major modernization” of facilities at state parks in the next three years.
Justice signed legislation this year that authorized the bond sale. The Economic Development Authority was responsible for reviewing proposed projects and approving the sale.
State officials say the excess lottery revenue bonds are expected to be made available by the end of September.
Officials say every one of West Virginia’s 35 state parks, seven state forests and two rail trails will undergo improvements from the bond sale.
The Division of Natural Resources estimates the projects will cost about $60 million.