The Economic Development Authority agreed to underwrite $10 million in bonds for the expansion of Williamsburg Landing Wednesday afternoon.
The senior living community in James City County is planning a $40 million upgrade and, since the county doesn't have the remaining bonding capacity this year, is seeking help from other local jurisdictions.
Each local EDA is allowed to underwrite $10 million per year for industrial projects, or for non-profits.
Williamsburg Landing will look to other localities, including Mathews County and Lancaster County to underwrite the balance of the bonds.
