Monday, October 8, 2012

Revenues For Veterans' Home Dropping

{Charleston, West Virginia}...Veterans' Assistance Secretary Keith Gwinn told lawmakers Monday that West Virginia needs a new nursing home for veterans, but proceeds from a lottery scratch-off ticket to repay the bonds that financed the Clarksburg home are dropping. Gwinn said the scratch-off needs to bring in $774,000 a year to pay off the 30 year bonds, and it barely covered that in 2012, but lottery officials forecast it will start falling short in three years. He said the Clarksburg facility is full with 114 veterans, and others are waiting more than a year for a bed to open up. Gwinn proposed a 120-bed home in Beckley, but he estimates that would cost $44 million.