Governor’s Infrastructure Financing Conference

Governor’s Infrastructure Financing Conference

In December, the Authority’s Secretary/Treasurer, Florence Kingston, and Department of Development Senior Economic Analyst, Derek Perry, were invited to give a presentation about the Virginia Tourism Development Financing Program during a panel session at the Governor’s Infrastructure Financing Conference, hosted by Governor Terry McAuliffe and the Virginia Resources Authority. The conference highlighted state funding resources available for capital improvement projects focusing on the health and safety of communities with an emphasis on funding resources aimed at promoting economic development and job-creation opportunities for Virginians.

Mrs. Kingston’s and Mr. Perry’s presentation was titled “Top Ten Things You Need to Know about the Commonwealth Tourism Development Financing Program”, and discussed the lessons learned during Newport News’ experience with the Tourism Development Financing Program, which was used to provide gap financing for the City Center Entertainment District. The presentation was a great opportunity to showcase an innovative project and share Newport News’ experience with other communities and partners across the Commonwealth.