Another sign of strength in Virginia's economy

The Virginia Resources Authority sold an unprecedented $215 million in infrastructure revenue bonds to raise funds for projects around Virginia.  This was, in fact, the largest transaction in the pooled financing program in VRA history --- in what is otherwise a challenging economic time.

“Bricks and mortar projects mean jobs and income in Virginia communities,” said Sheryl Bailey, Executive Director of the Virginia Resources Authority. “We can’t over-emphasize the importance of such projects in stimulating the local and state economy. Infrastructure is a key to America’s economic recovery. ”

According to the Daily Press, the projects to be financed will include "upgrades to bridges and wastewater treatment plants, replacement of water and sewer lines, and construction of a firehouse, a library, and a public safety academy."