County Backs $7.5M Tobacco Commission Loan For Park

Pittsylvania County is poised to back a $7.5 million low‑interest loan from the Virginia Tobacco Region Revitalization Commission to the Staunton River Regional Industrial Facility Authority. The loan will finance removal of solar lease encumbrances and related project costs for the Southern Virginia Multimodal Park to support a prospective employer.

Scope & details

The full contract record, as filed.

Contract amount

$7,500,000

Contract type

FINANCIAL_SERVICES

Renewal

Financing structured as a long-term low‑interest loan to the regional authority, repaid from assigned state incentive grants and, if needed, annual appropriations by the County and City under non‑binding support agreements.

Document type

Agenda

Source document

Pittsylvania County Board of Supervisors Business Meeting Agenda February 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Pittsylvania County?

Virginia Tobacco Region Revitalization Commission was awarded this financial services contract by Pittsylvania County, as recorded on February 17, 2026. The contract value is $7,500,000.

How much is the Virginia Tobacco Region Revitalization Commission contract with Pittsylvania County worth?

The Virginia Tobacco Region Revitalization Commission contract with Pittsylvania County is valued at $7,500,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Pittsylvania County Board of Supervisors Business Meeting Agenda February 2026 (Agenda), dated February 17, 2026 from Pittsylvania County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Virginia Tobacco Region Revitalization Commission hold?

Virginia Tobacco Region Revitalization Commission may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Virginia Tobacco Region Revitalization Commission's profile

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