Fairfax County EDA Wins Award for Arranging Financing for Unique Arts Center Project.Bond Buyer Honors Top Public Infrastructure Projects FAIRFAX COUNTY, Va. -- The Fairfax County Economic Development Authority (FCEDA FCEDA Fairfax County Economic Development Authority (Virginia) ) received an award for issuing bonds that are financing construction of the Lorton Workhouse workhouse: see poor law. Arts Center, a 55-acre campus that will include artist studios, galleries, performance spaces and a museum. The arts center is transforming part of the old Lorton Reformatory The Lorton Reformatory was a prison built for the District of Columbia, United States. It was opened in 1916 as a facility for more serious offenders in the Lorton Correctional Complex. It is located in nearby Lorton, Virginia in southern Fairfax County. that the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). operated in southern Fairfax County for nearly a century. The FCEDA was the issuing agency for industrial revenue bonds for the project. The FCEDA won The Bond Buyer newspaper's southeastern regional award for small issue bond deals, and the FCEDA was one of 10 finalists for national "Deal of the Year." The Deal of the Year Award went to the New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. Industrial Development Agency. The awards were announced at a December 5 dinner in New York City. "We are delighted to have helped the Lorton Arts Foundation with a project that will become a real asset to the Lorton community and have a positive impact on the quality of life for Fairfax County residents," said Gerald L. Gordon, Ph.D., president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of the Fairfax County Economic Development Authority. "It is an extraordinary honor to be named a regional winner for the bond issue of the year and a finalist for the national award," said Ann Rodriguez, president and CEO of the Arts Council of Fairfax County and a member of the Fairfax County Economic Development Authority Commission. "The FCEDA and the Lorton Arts Foundation should be proud of this unique initiative to create a world-class arts center." The Lorton Arts Foundation Inc. (www.lortonarts.org) was organized in 2001 to promote the arts in Lorton, Fairfax and neighboring counties, and the Commonwealth of Virginia. A primary goal of that mission is to renovate and reuse the Lorton Complex's Workhouse facilities as a unique and important arts campus consistent with the county's goals to redevelop the property. Fairfax County offers businesses a state-of-the-art telecommunications infrastructure, access to domestic and international markets through Washington Dulles International Airport Washington Dulles International Airport (IATA: IAD, ICAO: KIAD, FAA LID: IAD) is a public airport located 25 miles (40 km) west of the central business district of Washington, D.C., in Loudoun County and Fairfax County, Virginia, United States. , and a well-educated workforce. The Fairfax County Economic Development Authority (www.FairfaxCountyEDA.org) promotes Fairfax County as a business center. The FCEDA maintains offices in Silicon Valley, Bangalore, Frankfurt, London, Seoul and Tel Aviv. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion