The state Economic Development Authority plans to sell more than $24 million worth of bonds next month that will be used to expand and improve facilities at the Cacapon Resort State Park.
Authority members approved minor changes to a resolution that will help clear the way for the bond sale next month.
The bonds will be paid off over the next 30 years using funds from the state Excess Lottery fund.
The $24 million in revenue will be used to add an additional 80 rooms, a fitness area, expanded food service, a sauna and indoor/outdoor pool at the Morgan County resort. It will also pay for the expansion water and wastewater infrastructure at the resort, as well as golf course improvements.
Last year, the Legislature approved a bill allowing the state to sell up to $52 million worth of bonds to fund improvements at Cacapon and Beech Fork state parks.
As part of the changes made Thursday, any revenue generated by the $24 million bond sale for Cacapon that is not used for that resort can be applied to improvement projects for Beech Fork.
Authority Executive Director David Warner said the Beech Fork portion of the bonds would be sold at a later date. Beech Fork officials are still working to get engineering approval for their plans before moving forward with their project.