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.
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The Agenda: Local government briefs for 4.15.24
Diamond District ordinances are up for review this week, Chesterfield adopts its next budget, a 600-acre data center project advances in Henrico and Ashland promotes assistant town managers.
Foreclosures: 4.15.24
The auction of a $331,200 home in Henrico’s Varina district is the top property scheduled. (BizSense Pro required)
Newly filed ordinances detail new game plan for Diamond District financing
The city would issue $170 million in bonds to finance the development’s initial phase, and establish a community development authority as a financing option for future phases.
‘We have got to get shovels in the ground’: Council plays ball on stadium bond plan
Administrators’ pitch to change the city’s approach to financing its massive Diamond District development appeared to land receptively with Richmond City Council on Monday, despite increased risk.
The Agenda: Local government briefs for 4.8.24
A 600-acre industrial project in Varina is back before the Henrico Planning Commission, and Goochland hires a former Louisa development director as a deputy administrator.
City pitching new financing plan for Diamond District amid state sales tax uncertainty
In a proposal that will be presented to City Council today, administrators are recommending that the city issue its own revenue bonds to fund the stadium and infrastructure for the development’s first phase.
Westover Hills mixed-use building OK’d again after permit expired
NoVA-based Sugar Mill Construction received city approval for the three-story development at 1005 Westover Hills Blvd., following the expiration of a previous permit for a similar project there.
Foreclosures: 4.1.24
A home in Chesterfield for $680,000 is the top property scheduled for auction. (BizSense Pro required)
City gets first look at new Diamond District ballpark design
Schematic designs for the new stadium that would anchor the larger mixed-use development were recently submitted to City Hall and obtained by Richmond BizSense through a FOIA request.