W. Va. OKs $52.5M Bond for Two Parks
The West Virginia Economic Development Authority (EDA) voted unanimously on Thursday (March 21) to issue up to $52.5 million in bonds to help improvement projects at two state parks: Cacapon Resort State Park in the Eastern Panhandle and Beech Fork State Park in Wayne and Cabell counties, outside Huntington.
Roughly half of the $52.5 million in bond funds would go to each park, under the resolution EDA passed on Thursday. The funds will come from the state Lottery Commission, the Charleston Gazette reported.
Opened to the public in July 1937, Cacapon State Park has 6,000 acres offering visitors lake activities, hiking opportunities, golfing, a golf academy, vacation cabins and a restaurant.
Cacapon Mountain, at 2,300 feet, is the Eastern Panhandle's highest mountain peak. The park is located on the mountain's eastern slope, while the Cacapon River flows along the base of its western slope.
According to the EDA resolution, up to $24.5 million in funds will help finance a variety of improvement projects which "may include 78 new lodge guest rooms, lodge kitchen and dining relocation, new outdoor dining area, lounge, spa, indoor/outdoor pool, additional conference space, lobby and office renovation."
The Cacapon project may also include "golf course renovations, a new manager's residence, small campground and dam safety work" in the Morgan County park.
Cacapon, according to the resort park's website, is "a derivative of a Shawnee Indian word meaning 'medicine waters,' a reference to the area's mineral waters that have been renowned through history for their healing powers."
The Beech Fork State project loan, which could also reach $24.5 million, will help finance similar changes and improvements, including: a new 75-room guest lodge, kitchen and dining facilities, conference space, a gift shop, an indoor/outdoor pool, exercise room, a new road and parking lot, as well as a lakeside walkway and boat dock.