The Franklin News-Post|
P. O. Box 250
310 Main Street, SW
Rocky Mount, Virginia 24151
Staff Photo by Charles Boothe:
The new EDA created by Rocky Mount Town Council is tasked with bringing in funds for a new performance center in the old Lynch Hardware building on Franklin Street.
Monday, February 11, 2013
By KEN BRADLEY - Staff Writer
The new Economic Development Authority (EDA) established by Rocky Mount Town Council will get to work on Tuesday, Feb.19 when it meets for the first time with a primary goal of bringing in funds for the cost of a performance center.
The meeting will be held at 5:30 p.m. in council chambers of the town municipal building.
The meeting agenda includes taking the oath of office, and election of a chairperson, vice-chairperson, secretary and treasurer.
Members of the EDA are Ann Dillon, Adam Lynch, Peggy Santrock, Cliff Hapgood, Jon Snead, Linda Spence and Less Hutchenson.
At the meeting, the EDA members will also consider the adoption of by-laws.
Town Manager James Ervin said funding through the the new EDA is estimated from $600,000 to $700,000 to help fund a performance center in the old Lynch Hardware Building. That money would come from selling Historic property tax credits.
Assistant Town Manager Matt Hankins said the establishment of an EDA was necessary because a municipality cannot directly recoup the tax credits.
The town purchased the former Lynch Hardware building for $246,750 with the intent to create a performance center, Hankins said. The projected cost is $1.4 million.
The town expects for half of the money to come from the historic tax credits, $275,000 from the town and the rest from grants and donations from foundations.
Final design plans for the performance center have been approved by town council and the project has been put out to bid.
The interior layout of the performance center concentrates on function, seating, windows, sections and performance types.
The street level interior provides space for a theater and elevated stage, seating, lobby, gallery space, concessions and restrooms.
The lower level provides space for a banquet hall, kitchen, restrooms, flexible meeting rooms and storage.