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Danville City Council voted 9-0 to approve a plan for financing certain economic development projects through a lease revenue note and authorized two commercial subleases at the Dan River Falls Building totaling 22,566 square feet.
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The approvals allow the City and the Industrial Development Authority to move forward with financing and leasing space at the Dan River Falls Building for economic development and Parks and Recreation purposes. The City reported $57.7 million in General Fund revenue through November 30, 2025, with casino-related taxes at $15.6 million and the fund balance about $8 million above the required minimum. Officials also reported that all Danville schools were fully accredited, with eight on track for distinguished status.
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