TOWN OF SPRUCE PINE: $100,000 approved for hotel project
SPRUCE PINE – The Town of Spruce Pine will give Mayland Community College financial assistance for its Pinebridge Inn Project.
The Spruce Pine Town Council at its regular meeting Monday, July 8, unanimously approved a resolution allowing the town to appropriate $100,000 from its general revenue to be used by Mayland for repairs, renovations and improvements to the Pinebridge Inn.
The money will be given to Mayland on a reimbursement basis.
The approval of the resolution came after a brief public hearing during which the lone public comment was from Lori McIntyre, who asked where the funds would come from and was informed the funds would come from the town’s fund balance.
The resolution also states the town can appropriate up to an additional $100,000 as matching funds for renovations and repair of the Pinebridge Coliseum facility through the fiscal year 2028-29.
The commitment of future allocations is subject to availability of funds and would come only after significant public notice and a public hearing.
The town’s decision to help fund the project comes one week after the Mitchell County Board of Commissioners unanimously approved a county funding resolution of $150,000 for the project.
Spruce Pine Town Manager Richard Canipe said the project would pay dividends for both Spruce Pine and Mitchell County.
“The completion of the Pinebridge project will definitely have a positive impact on downtown Spruce Pine,” Canipe said. “It’s great that the town and the county can work together on a project like this.”