$250m Huntington Project Hits Wall with State Agency

Summary


A proposed $250 million project that would include a baseball stadium, hotel and retail shops in downtown Huntington hit a major roadblock Thursday.

The West Virginia Economic Development Authority declined to authorize a developer's plan to issue up to $50 million in tax- exempt bonds to help finance the waterfront project.

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$250m Huntington Project Hits Wall with State Agency

"Obviously, it's a setback," said Keith McGuire, president of Commercial Property Resource Inc. "There's more work that needs to be done."

Authority members turned down the project - called RiverPlace - after the agency's executive directo...

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