Silverton, OR (April 2022) – The City of Silverton announces the construction of a new civic center. Groundbreaking will take place on April 11th and the project is anticipated to be completed by August 2023. The two-story, 26,000 square-foot, facility will house the Silverton police department, municipal court, council chambers, and city hall. Architectural design is provided by Mackenzie, construction is being provided by Corp Inc., and project management is by Compass Project Solutions Inc. Financing for the project was provided by Government Capital Corporation, Southlake, Texas.
“The planning of this project began over two years ago. Therefore, the 25-year fixed rate financing solution provided by Government Capital Corporation was a perfect fit for our project,” commented Jason Gottgetreu, Community Development Director, City of Silverton. “Their knowledge of and expertise in the unique financing structures available to Oregon cities was a great overall value to us.”
“I would like to congratulate Mr. Gottgetreu and the City of Silverton on this project,” stated Stephanie Cates, Vice President, Government Capital Corporation. “We take great pride in providing financings which enable Oregon municipal entities to better serve their communities.”
About the City of Silverton
The City of Silverton was incorporated in 1885 and is now home to over 10,000 residents. The first settlers of Silverton came to the banks of the Silver Creek, following timber and waterpower, in the 1800s. The City of Silverton is the host of the Oregon Gardens and is known as the Gateway to Silver Falls. To learn more visit www.silverton.or.us
About Government Capital Corporation
Government Capital Corporation is a leading public finance firm providing professional financial services to all local governmental entities. Since its founding in 1992, the company has successfully completed thousands of municipal financings exceeding $5 billion in Oregon and across the country. For more information, visit www.govcap.com
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