JEDA Issues $3.65 Million in Refinancing Bonds for LRADAC
Lexington and Columbia, SC — Lexington and Richland Counties
The South Carolina Jobs-Economic Development Authority (JEDA) has issued $3,650,000 in bonds to refinance major expansions undertaken by Lexington/Richland Alcohol and Drug Abuse Council (LRADAC) in 2009.
The Series 2019 Bonds refunded bonds issued a decade ago for the construction of a 10,000-square-foot facility on Highway 6 in Lexington and the purchase of the 60,000-square-foot treatment center and the five-acre parcel of land on which LRADAC is situated on Colonial Drive in Columbia.
— Wendy Hughes, Vice President and Chief Financial Officer at LRADAC
“We’re pleased to help LRADAC secure the tax-advantaged financing needed to more efficiently and affordably provide such critical services,” said Kimberly Witherspoon, Bond Counsel with Haynsworth Sinkler Boyd, P.A., in Greenville.
“LRADAC’s Purpose Statement: Improving lives, improving communities. JEDA is proud to once again have a part in helping this vital organization continue to do just that,” said Harry A. Huntley, CPA, Executive Director of JEDA in Columbia.