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Thursday, January 21, 2010

SportsQuest Gets $15 million More in Federal Stimulus Bonds

The Richmond-Times Dispatch has posted an article about the SportsQuest project in Chesterfield. Times-Dispatch writer Wesley P. Hester reports on the additional funds now available to the project.

SportsQuest -- the 250-acre, $250 million sports mega-complex slated for groundbreaking in weeks in Chesterfield County -- has gotten another significant financial boost courtesy of federal stimulus funds.

The county today announced plans to allocate an additional $15 million in recovery-zone bonds to the project through American Recovery and Reinvestment Act of 2009.

SportsQuest received its first $15 million allocation in December as the only private economic development project in the county that qualified.

Earlier this month, unused bonds from across the state went into a pool. Then-Gov. Timothy M. Kaine last week allocated the additional money to Chesterfield for SportsQuest.

Read the entire article online at the Richmond Times-Dispatch web site >>>