The Transylvania Times -

How Does Loan Work

 


I understand that the town of Brevard is borrowing $500,000 from the Rural Economic Development Division of the N.C. Department of Commerce. This will not be a grant, but a loan.

It is my understanding that this $500,000 will help support the redevelopment of the old Belks Building on Main Street.

This is the building that Dee Dee Perkins and husband Jimmy are in the process of buying.

Mrs. Perkins is past president of Heart of Brevard. She is currently vice chairman of Tourism and Development Authority. Mr. Perkins is currently one of the directors for Heart of Brevard.

Who pays bac...



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