A $6.9 million revenue bond is scheduled to be issued as part of the development of a Goodwill job training center in Augusta, court records show.
Papers filed Feb. 9 show the Development Authority of Richmond County is prepared to issue the bonds, pending a judge’s approval at a hearing Feb. 29.
Goodwill originally received a $4.7 million revenue bond in 2009 to acquire and update a shopping center at the corner of Washington and Furys Ferry roads.
That purchase of 8.7 acres is also designated the project site for a 22,000-square-foot restaurant, conference center and training kitchen, in addition to the 4,441-square-foot Helms Career Institute and Academic Achievement Center.
The school will offer “fully accredited post-secondary vocational college training,” court records say. It will be the first of its kind for Goodwill in the U.S.
Ground was broken on the $12 million project earlier this month.
After the judge gives the OK to issue the bonds, Goodwill will sell them and use the revenue to finance the project, said Walter Sprouse, the executive director of the development authority.