Some $5.1 million in revenue bonds will be used for improvements to Pembroke’s historic Tos Theater after Bryan County Commissioners signed off on the Public Facility Authority’s issuance of the bonds earlier this month.
The funds will also be used for a pocket park as well as for additional parking.
Pembroke City Administrator Chris Benson said the bonds will come in the form of a direct loan from Tennessee-based Pinnacle Bank, at 3.9 percent interest. It will be repaid using proceeds from Pembroke’s portion of Special Local Option Sales Taxes, or SPLOST…