CHARLESTON — The West Virginia Economic Development Authority plans to issue up to $18 million in bonds to buy a Charleston building for the state that houses the Tax Department and two other agencies.
Authority members approved the bonds Thursday.
John Stump with the law firm Steptoe & Johnson says buying the building is more cost-effective than renting office space in it. Stump is representing the state in the deal.
The building also houses the Geological and Economic Survey and the Insurance Commission. It’s owned by developer Al Summers.
Stump says the purchase price is $13.9 million and the deal’s total cost is about $16 million. The purchase is expected to be completed in June.
Local News
UPDATE — Authority OKs bonds to buy building housing state offices
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Cost of crime
Victim.
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After contacting the proper authorities, you may be bewildered as to what happens next. -
More streets to be paved this week
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Bertoletti has 33 pepperoni rolls in only 10 minutes to win
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Reasoning Mind excites students
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Pepperoni roll prize
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The former West Virginia University football coach, who died suddenly earlier this week of a heart attack at 59, was laid to rest Friday in his hometown of New Martinsville. -
Bickerstaff ready to make mark as Woman’s Club president
One look at a facility can show Nancy Bickerstaff a lot.
Attention to detail has always been her strong point, and when she first walked into the Woman’s Club mansion more than four years ago, she immediately knew what the priorities should be. -
Funeral today for former WVU football coach Bill Stewart
Former West Virginia University football coach Bill Stewart is heading home to New Martinsville for the last time.
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