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$6.9 million bond issue for new Augusta Goodwill center awaits judge's approval

Thursday, Feb. 23, 2012 2:42 PM
Last updated Friday, Feb. 24, 2012 12:54 AM
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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.

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nothin2show4it
120
Points
nothin2show4it 02/23/12 - 07:49 pm
0
0

What would be nice to see are

Unpublished

What would be nice to see are the stats of Goodwill's already existing program. How many people have been through it; how many people have been placed into the workforce other that those who are making Goodwill a career? How many people that are being trained and placed in the workforce are still in these jobs? How many failures have they had and how many people have quit their training program?

Tax payers would like to know that their money is being invested into something that is actually making improvements for their communities.

augusta citizen
7755
Points
augusta citizen 02/23/12 - 09:46 pm
0
0

Revenue bond? The tax payers

Revenue bond? The tax payers have been paying for this? Color me dumb, I thought it was donation funded. Again, color me dumb, shoulda known.

countyman
16914
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countyman 02/23/12 - 10:45 pm
0
0

Bonds have to be paid back

Bonds have to be paid back over time with intrest...

Little Lamb
40303
Points
Little Lamb 02/24/12 - 09:34 am
0
0

It was bad enough when

It was bad enough when companies began using government to operate and expand, but now that the government is financing charities, it boggles the mind. The government is now officially controlling everything.

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