Governor McAuliffe Announces New Virginia Tourism Growth Fun Project in St. Paul
Governor Terry McAuliffe today announced that the first recipient of the Virginia Tourism Growth Fund (VTGF) will be the Western Front Hotel in St. Paul. The VTGF is a Virginia Tourism Corporation (VTC) program established to grow tourism development projects across the state.
The new boutique hotel’s name honors the rich history of St. Paul and its legacy as a 19th century railroad town. The hotel is a result of a total capital investment of more than $7.2 million and is projected to create a tax benefit of more than $69,000 in its first full year of operation. The estimated number of jobs created is 10 full-time and 15 part-time jobs the first year, with an increase to 13 full-time and 20 part-time positions by the end of year two. The hotel is scheduled to open in spring 2017.