The proposed spending plan for fiscal year 2025 has been slightly amended with requests from councilmembers, including a reduction in the requested demo funds in favor of other priorities and more funding for schools.
Government
Diamond District financing pivot prompts lawsuit seeking referendum
Local attorney and activist Paul Goldman filed the lawsuit Thursday challenging City Council approvals to allow Richmond to issue $170 million in bonds to finance the ballpark-anchored development’s first phase.
City Council to vote Wednesday on new Diamond District financing plan
A special meeting is scheduled for 3 p.m. tomorrow on the new approach to financing the stadium and infrastructure improvements for the development’s first phase. Citizens will have a chance to weigh in.
‘Something transformational’: Henrico homing in on housing affordability gap
“Unless we do something, unless there is an inflection-point change to incentivize affordable housing in a different way, then the trends are going to be what they are,” County Manager John Vithoulkas told the Board of Supervisors.
Henrico secures some funding, seeks more for Short Pump traffic improvements
The county is applying for a $60 million federal grant and committing to provide the same amount locally through county debt financing for projects including a new Gayton Road interchange.
Fall Line Trail project breaks ground on 5-mile Hanover segment
The Hanover groundbreaking followed a similar event late last year to kick off construction of the Henrico County portion of the trail, which will run 43 miles from Ashland to Petersburg.
City’s social services move to fill up largely empty Times-Dispatch building
The department will fill the first three floors of the four-story building that still houses the newspaper on the top floor.
City EDA approves $1.5M more for Diamond District ballpark design
The EDA board authorized an additional $1.5 million for design and development of the new ballpark, four months after providing an initial $1 million that staff said has been depleted.
Richmond budgeting $3M for Coliseum demo amid stagnant City Center project
Administrators are recommending the demolition with the goal of removing public safety risks, cutting security costs and rejuvenating the seemingly stagnant redevelopment project.
‘It’s going back home for me’: Leonard Sledge leaving Richmond for Hampton
The City of Hampton announced Sledge’s rehire Wednesday, the same day BizSense reported his planned departure after five years as Richmond’s economic development director.