Bedford RDC Approves Payments for Stonegate Arts & Education Building

BEDFORD - FEBRUARY 13, 2023 - The Bedford Redevelopment approved the semiannual loan payment for the Stonegate Arts & Education Building in the amount of $203,262.50.

Photo: The payoff to the Stonegate Arts & Education Center in 2037

iN addition, the Bedford Redevelopment Commission approved a semiannual payment to Old Nation Wealth Management in the amount of $128,000. This is for a lease agreement between the Old National and Bedford Redevelopment Commission.

The loan for the Stonegate Arts & Education began in 2017 from the USDA which can be paid off early.

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