The first phase of the state’s plan to reawaken the economy and begin lifting restrictions brought on by the coronavirus starts today for most localities across Virginia, but not for the city of Richmond.
As development interest continues to pick up along Richmond’s bus rapid transit line, city planners are looking to keep their finger on the pulse with another round of zoning changes, this time in the area across Broad Street from the Fan.
While it plans to revisit its budget numbers regularly in light of an evolving economic outlook, Richmond City Council has a blueprint in hand for how the city will face what’s expected to be its most turbulent fiscal year in decades.
With more than $12 million in additional cuts now accounted for, Henrico administrators have finalized the budget they will use as a subject-to-change starting-off point into what’s slated to be the county’s toughest fiscal year in recent memory.
“It’s still a 1956 Oldsmobile. Sometimes you have to just buy a new car.”
Capital City Partners has submitted an offer to the City of Richmond to buy the Public Safety Building property at 500 N. 10th St. The project would not involve city funds or a TIF.
The state agency is eyeing some development of its own at its downtown headquarters. However, the pandemic has thrown a wrench into the plans.
Armed in part with an initial $6 million in government funding, Phlow Corp. is led by Kaleo co-founder Eric Edwards and Frank Gupton, chair of the Department of Chemical and Life Sciences at VCU’s College of Engineering.
A local ice cream shop, an outdoor recreation company and a coffee roaster are among the initial recipients of the city’s Richmond Small Business Disaster Loan Program, which still has about $500,000 of funds remaining to be awarded.
Supervisors in Chesterfield and Goochland counties signed off on fiscal year 2021 budgets this week that were scaled back from previous proposals due to coronavirus disruptions.