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VCEDA grant to help fund restoration of St. Paul theater

Staff report • Sep 29, 2018 at 2:30 PM

ST. PAUL — The Virginia Coalfield Economic Development Authority (VCEDA) has closed on a $40,000 grant to help finance restoration of an awning-style marquee on the front of the old Lyric Theater on Broad Street in St. Paul.

The grant is awarded from VCEDA’s Tourism Capital Improvement Matching Fund to St. Paul’s Industrial Development Authority.

“The town of St. Paul and the (St. Paul IDA) have identified the restoration of the historic Lyric Theater as a key part of their revitalization and economic development plans,” said VCEDA Executive Director/General Counsel Jonathan Belcher. “The restoration of the historic marquee is an important part of preserving the property’s identity, and VCEDA was happy to be a part of this.”

The town, the IDA and other partners have worked to secure funding for a Lyric Theater restoration project estimated to cost more than $3 million. The effort has also received funding approvals from the Appalachian Regional Commission at $300,000, as well as funding commitments from the town, the town IDA and St. Paul Tomorrow, Inc.

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