Clarendon Economic Development Corporation and City of Clarendon Partner on Two Projects for Future Generations
Clarendon, Texas (September 12, 2017) – Clarendon Economic Development Corporation (EDC) and the City of Clarendon announced the successful funding of the City’s water recreation and the Mulkey multi-purpose facility projects. These two projects will help revitalize downtown Clarendon.
The historic Mulkey Theatre built in 1946 will be renovated to bring it back to not only a working movie theatre, but also give it new life as a performance hall, conference center and the City’s official Visitors’ Center. The EDC and City plan to establish Mulkey Theatre as a distinctive place for civic meetings, educational conferences, and performing and visual arts.
Government Capital Corporation was selected to provide a 20 year term loan, secured by the EDC’s sales tax revenues. David Dockery, City Manager, stated, “Government Capital Corporation made the process smooth. They walked us through each step of the process and responded quickly to our questions and needs. These projects are for the community of Clarendon and will benefit future generations to come.”
“I applaud the EDC Board, the City Council, and the City administration on their vision of revitalizing the Mulkey Theatre and the new pool project. These two projects will not only infuse more pride in Clarendon, but also benefit the city’s economic growth due to people coming to visit, shop and play,” said Drew Whitington, Client Services Representative of Government Capital.
About Clarendon Economic Development Corporation and the City of Clarendon
Clarendon Economic Development Corporation is located in Clarendon, Texas, on U.S. Highway 287 in the Texas Panhandle, 60 miles East of Amarillo. Clarendon is the Donley County seat which serves approximately 2,000 residents. The Clarendon EDC has a Type B status, allowing them to fund developing industries, while cultivating their community and improving the quality of life in Clarendon. For more information: www.clarendontx.com/cedc
About Government Capital Corporation
Government Capital Corporation is a leading public finance firm providing professional financial services to Economic Development Corporations and all other local governmental entities. Since its founding in 1992, the company has successfully completed thousands of project financings in Texas and across the country. For more information: 800-883-1199, www.govcap.com