More than 500 short-term home rental units are operating in the city but there have been less than 50 applications for operator permits and only 12 issued.
Government
Virginia creates cannabis agency to regulate budding industry
It is legal to possess and grow your own marijuana starting today, but retail sales of the plant won’t begin until Jan. 1, 2024 and licenses will be limited.
The Agenda: Local government briefs for 6.28.21
Chesterfield OKs more residential units, the Richmond City Council considers rezoning requests, and Henrico approves plans for a housing development in Innsbrook.
Guest opinion: Turn the Richmond Coliseum into Richmond Colosseum
By Stefan Calos One of the many fun things about practicing commercial real estate law is the real estate part. Growing up, I often traveled around Virginia with my parents on weekends exploring cool old buildings — many of them abandoned. Over the years since, I’ve practiced law in many of the old courthouses we… Read more »
3D-printed home to rise on Richmond’s Southside in pilot project
Virginia Housing, which provided $500,000 to buy the automated device that prints with concrete, estimates it could lower construction costs by 10 percent.
ABC pops the cork on new $91M headquarters in Hanover
Completion of the 410,000-square-foot facilities is another incremental step toward unlocking the land needed for a new baseball stadium in the city.
Chesterfield County races to buy Southside Speedway for $5M
The 41-acre site would be used to expand River City Sportsplex. The seller’s family had run the racetrack since the 1950s before closing it in December.
The Agenda: Local government briefs for 6.21.21
The planning commission will consider “Greater Scott’s Addition” zoning, GreenCity infrastructure items are up for votes, and Chesterfield supervisors will decide on more housing for approved developments.
Dormant Petersburg schoolhouse slated for $24M redevelopment
EquityPlus plans to buy Virginia Avenue Elementary School and convert it and its surrounding three blocks into 50 apartments and 45 homes.
GRTC passes 2022 fiscal year budget that will allow free fares to continue
The transit system replaced the projected $5.8 million in net revenue from fares with federal pandemic relief funds.