RALEIGH — The North Carolina Local Government Commission approved financing totaling more than $1.1 billion at its December meeting.
Key approvals focused on retirement communities and health care, including $395 million in conduit revenue bonds to Buncombe County for Deerfield Episcopal Retirement Community in Asheville to expand its continuing care retirement community and $275.67 million to Iredell County for Duke University Health System to refinance its acquisition of Lake Norman Regional Medical Center in Mooresville.
The Duke Health System request was submitted by the North Carolina Medical Care Commission (NCMCC) for a tax-exempt conduit revenue bond and was one of three NCMCC requests approved…