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Notice to Proceed Issued, Construction to Begin Tomorrow! City of Clarksburg Executes Contractual A

Earlier today The City of Clarksburg signed and closed on the Bond Anticipation Notes (BANs) for the Robinson Grand Performing Arts Center at Steptoe and Johnson Law Firm. The 3 year, 15.3 million dollar loan was provided by MVB Bank. The placement agent was Piper Jaffray & Co. and their placement agent council Spilman Thomas & Battle, PLLC. The trustee of the funds will be provided by WesBanco Bank. The City was represented by Steptoe and Johnson as Bond Counsel. At closing, the City also executed the lease with the Clarksburg Development Authority (CDA). This enables the CDA to receive the various state and historical tax credits as well as becoming eligible for New Market Tax Credits

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Renovation and restoration of the Robinson Grand Performing Arts Center is a public-private partnership of the City of Clarksburg, the North Central West Virginia region and The Cultural Foundation of Harrison County.

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