WILLIAMSBURG — The Colonial Williamsburg Foundation will begin raising revenue through the sale of public bonds after the Economic Development Authority of Williamsburg approved the financing plan.

On Sept. 23, the EDA unanimously passed a resolution authorizing the issuance of The Colonial Williamsburg Project Series 2025 revenue bonds in an amount up to $350 million. The museum will use the proceeds to service existing debt and fund enhancements in the Historic Area. Colonial Williamsburg made the final decision on Tuesday to pursue the bond financing.

The Colonial Williamsburg bonds, which will total $330 million, will be available for purchase by retail and institutional investors. The bonds will be federally taxable but state tax-exempt and available in denominations of $5,000, acco

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