The proposals add to what’s become a more-heated debate than usual over whether to reduce Richmond’s real estate tax rate in response to rising property assessments.
4-cent real estate tax rebate proposed for Richmond amid rate reduction debate
Jonathan Spiers
Jonathan joined BizSense in 2015 after a decade of reporting in Wilmington, N.C., and at the Henrico County Leader. The Virginia Tech grad covers government, real estate and other news.
Reach him at (804) 308-2447 or [email protected].
The Pitch: Advertising and marketing news for 10.8.24
Local animation and sound studios team up on branding for a new music series at the ICA, and the state highway safety office gets a pedestrian safety campaign. (BizSense Pro required)
City betting on Southside growth with plan to buy rejected casino site for $5M
City Council is introducing legislation today to authorize the purchase and position the 96-acre site for uses including a city park and economic development site.
Newly installed Carytown sign makes debut with illumination tonight
The Art Deco-style sign was erected Monday and is set to be illuminated for the first time tonight with a lighting scheduled at 6:30 p.m.
VCU looking to buy downtown Altria research building
The purchase would expand the university’s nearby academic medical center campus. It also could take the currently revenue-generating property off Richmond’s tax rolls.
VCU Health, City of Richmond butt heads over tax payments on failed downtown project
In the report that was due to legislators Tuesday, interim CEO Marlon Levy says the health system’s mission is “not to subsidize government revenue because of (the developer’s) failure to create a revenue-generating project.”
Developer taking Hanover apartments fight to state appeals court after lawsuit is tossed
The dispute centers on county supervisors’ rejection last November of a rezoning for Summerlyn, a $27 million project by Larry Shaia and Jesse Lennon that would have been Hanover’s first 55-and-up rental community.
City to pay $2M for Cary Street building for new pet adoption center
The city plans to purchase the vacant building for a new pet adoption center that would supplement Richmond Animal Care & Control’s current facility on Chamberlayne Avenue.
$60M final phase of Highland Grove redevelopment officially breaks ground
The years-in-the-making project in the city’s Northside is planned to add about 125 attached and detached for-sale homes with a mix of income-based and market-rate units.
Downtime: Retired CapTech exec joins Sportable CEO on dual bike ride fundraiser
“We can be even more powerful together,” said Kevin McQueen, a Sportable board member who’s joining CEO Hunter Leemon for his third fundraising ride in as many years.