After extensive discussion Tuesday, a Luzerne County Council majority agreed to guarantee a new infrastructure loan currently estimated at $51 million because all proceeds will be used to address county-owned roads and bridges.
Replacement of the Nanticoke/West Nanticoke Bridge over the Susquehanna River, currently estimated at $45 million, is stated as a project to be funded, although county officials will have flexibility if they deem other projects a higher priority, officials said.
In other business, a council majority chose to retain real estate agent Lori Spencer and Classic Properties to market and seek buyers for a county-owned residence in West Pittston and possibly other properties no longer needed by the county.
Councilman Kevin Lescavage, Spencer’s boyfriend, abstained from the discussion and vote.
Loan guarantee
The loan is possible because new state legislation customized solely for the county redirects $3 million annually for 25 years from the casino-gambling Local Share Account (LSA) to create an infrastructure fund.
The way it is set up, the county Redevelopment Authority must borrow to create the fund and then repay the debt using the annual $3 million LSA earmark.
However, the county is involved because financial institutions want assurance the county would repay the debt if the Mohegan Sun Pocono casino in Plains Township unexpectedly closes down the road.
The legislation leaves it up to the county redevelopment authority to recommend projects that should be funded, with final award approval by the Commonwealth Finance Authority — a state entity that already approves other LSA awards that are not part of this special program.
To address county council concerns about the guarantee, a memorandum of understanding between the county and redevelopment authority approved Tuesday allows council to decide which projects the authority submits to the Commonwealth Finance Authority.
Sport marketing students at Mohegan Sun Arena.

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