The West Virginia Parkways Authority closed a $9 million bond deal today that will help finance an arts and craft center near Beckley, a state official said.

The authority obtained a 6.94% interest rate on the 10-year revenue bonds that are to be paid off with the center's revenue and a dedicated revenue stream from a restaurant and service station located nearby, said Greg Barr, director of resource management for the Parkways Authority.

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