The doomed downtown development that has ended up costing VCU Health at least $80 million to exit appears to have been ill-fated nearly from the start, documents show.
Finger-pointing, default notices preceded VCU Health’s costly project exit
Government
New land-use plan in the works for area around Chippenham and Iron Bridge interchange
Following similar efforts in the areas around Rockwood Park and the former Southside Speedway, Chesterfield County is working on new guidelines for the future transformation of a swath of property around the Chippenham Parkway and Iron Bridge Road interchange.
The Agenda: Local government briefs for 5.22.23
A pair of Chesterfield manufacturers seek tax breaks from the county, a 25-home subdivision is up for a vote in Hanover, and the RRHA relocates its headquarters.
City releases years-in-the-making Shockoe area plan
In the works for four years, the 150-page document supplements the citywide Richmond 300 master plan. Feedback can be provided through the summer on the draft plan, which is posted online.
Avail Vapor wants to take its battle with the FDA to the U.S. Supreme Court
Two years after it ceased operations in the face of an unfavorable FDA decision, Richmond-based Avail Vapor – or at least what’s left of it – is renewing a legal battle to right what its founder sees as a regulatory wrong.
The Agenda: Local government briefs for 5.15.23
Richmond adopts its budget for next fiscal year, Hanover considers a rezoning for a proposed car dealership, and Goochland scheduled info meetings on small-area plans.
$73M and counting: VCU Health on the hook for millions more in downtown project-exit costs
The known cost for the health system to walk away from the project on the site of the city’s Public Safety Building appears to be closer to $80 million – and could end up being higher.
‘It’s not their money’: Wilder calls for Rao’s dismissal, state investigation after $73M VCU Health development payout
“With this amount, how many students are robbed of attending VCU in scholarships? Most importantly, what actions are being taken to ensure that enormous wastes like these are prevented in the future?” Wilder said in Tuesday’s press conference.
Update: Wilder calls for Rao’s dismissal, JLARC investigation after $73M VCU Health development payout
VCU Health revealed the payment Friday in response to a FOIA request from BizSense. The payment let the health system back out of the project and the 25-year lease it signed months into the pandemic.
Timmons to build new HQ at Spring Rock Green redevelopment
Local engineering giant Timmons Group plans to relocate its corporate headquarters to Springline at District 60, where it is donning its developer cap for the first time.