Lavon, Texas (July 2021) – The Lavon Economic Development Corporation (LEDC) has acquired a 0.6-acre retail site at 619 Main Street and Lake Road for a “Project Main Street” development. This area will be developed as a retail and/or office building for various small businesses. The LEDC will use this development as a demonstration of the commercial development potential for Lavon. The Lavon EDC has begun the design of the “Main Street Project” and is considering a 2-story, 6,000 square foot facility. Construction is expected to begin in early 2022. Financing was provided by Government Capital Corporation, Southlake, Texas.
“The finance structure provided by Government Capital Corporation was the perfect solution for our project. I appreciate the financial analysis and projections GCC provided for this phase and the construction phase of the project,” commented Kay Wright, President, Lavon EDC. “The finance solution provided by Government Capital Corporation was a complete win for LEDC.”
“I would like to congratulate Kay Wright and LEDC for their work and foresight,” stated Lisa Hott, Municipal Finance Specialist, Government Capital Corporation. “This is a great example of dedicated leaders being responsible with their resources and diligently assessing the needs of and opportunities for the community.”
About Lavon Economic Development Corporation
Lavon Economic Development Corporation is located in Lavon, Texas and serves a population of more than 4,000 residents. The Lavon City Council adopted the Articles of Incorporation for the LEDC following the approval of the voters, on December 20, 2004. The motto of the LEDC is “We Cultivate Investment and Growth” with their purpose being to develop and market retail, commercial, technology, and manufacturing investments which will benefit Lavon for years to come. To learn more visit www.lavonedc.com
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 $4.5 billion in Texas and across the country. For more information, visit www.govcap.com