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Petersburg, VA (2013)

Petersburg Library

A new 42,160 sq. ft. library in Petersburg, VA.

Investment

  • NMTC Amount: $12,483,250
  • Total Project Cost: $14,371,100

IMPACT

  • 1 FTE jobs
  • 51 construction jobs
  • 42,160 sq. ft. of real estate

Investor

Project Description

Petersburg Library Foundation (PLF), was formed as a nonprofit in 2002 to fundraise capital for a new 42,160 sq. ft. library in Petersburg, VA. PLF raised $10 million in cash and pledges over four years, but the project was delayed for almost two years because it did not have sufficient funds to complete the building. NMTC financing from Wells Fargo and LISC filled the project’s fundraising gap and allowed it to finally move forward.

MAP

Address: 201 West Washington Street, Petersburg, VA 23802

Census Tract: 51730810300

PDF Profile

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