The authorization from City Council comes as the health system was due to make a $1.3 million payment to Richmond in lieu of taxes on the site – the latest cost to the health system for its expensive exit from a downtown development project.
Just days after Henrico received a federal nod for a new interchange at North Gayton Road, Goochland secured the remaining funding it needed for its own interchange at Ashland Road a couple miles west.
Harper Associates recently secured a special-use approval from the city for as many as 136 townhomes on a 16-acre lot at 6140 Hull Street Road.
An organ donation nonprofit and a vodka brand get new campaigns, a downtown agency launches an entertainment division, and a Scott’s Addition agency calls it quits after 35 years. (BizSense Pro subscription required)
The 35-acre Oaklea estate was previously owned by former MeadWestvaco CEO John Luke Jr. and prior to that David Martin, a co-founder of the Martin Agency.
The sports and events center is slated for a mid-October opening. Meanwhile, construction is underway on apartments and townhomes, and a $12 million land deal has set the stage for hundreds of condos.
The VCU professor and former Virginia governor discussed the report’s findings in a series of interviews with BizSense: “What it amounts to is the Board of Visitors has not done its job, the president has not done his job…and the people of Virginia are being ill-served,” he said.
“We’ve had a really good run. But the business is challenging,” CEO Robyn Zacharias said of the closure, which comes three years after the name change from Barber Martin to Yebo.
The third-party review represents the first accounting of the aborted Public Safety Building project that has ended up costing the health system at least $80 million, including a $73 million project-exit payment.
City Council on Monday introduced legislation to allow the health system to access the city-owned property to begin the demolition, which is expected to cost $5 million.
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