The authorization from City Council comes as the health system was due to make a $1.3 million payment to Richmond in lieu of taxes on the site – the latest cost to the health system for its expensive exit from a downtown development project.
Search Results for: vcu
Sponsored Content: National recognition for VCU’s fight against cancer
A message from Virginia Commonwealth University
VCU plans $70M renovation of shuttered Johnson Hall dorm
The 12-story freshman dorm at 801 W. Franklin St. has been closed since November 2021, when high levels of mold spores were detected in the building. It displaced more than 400 students.
Sponsored Content: “Innovative, inspiring” VCU hosts higher ed leaders
A message from Virginia Commonwealth University. Virginia can be a model of what higher education can do to build a tremendously robust economy and society, VCU president Michael Rao said at the “Making the Case: Higher Ed’s Value to Virginia” event. The event hosted leaders who discussed enhancing the value of higher education. Learn more.
‘Why is there a cover-up?’ Wilder responds to VCU Health payout report, repeats call for state investigation
The VCU professor and former Virginia governor discussed the report’s findings in a series of interviews with BizSense: “What it amounts to is the Board of Visitors has not done its job, the president has not done his job…and the people of Virginia are being ill-served,” he said.
Sponsored Content: VCU Research Rankings Make Impact
A message from Virginia Commonwealth University. The Carnegie Foundation ranks VCU as an “R1” institution, an exclusive research ranking that fewer than 5% of universities achieve. The impact: It powers uncommon opportunities for our students, faculty and communities. Learn more.
Review finds ‘insufficient due diligence, institutional eagerness’ as flaws in VCU Health’s downtown development deal
The third-party review represents the first accounting of the aborted Public Safety Building project that has ended up costing the health system at least $80 million, including a $73 million project-exit payment.
City setting stage for VCU Health to demolish Public Safety Building
City Council on Monday introduced legislation to allow the health system to access the city-owned property to begin the demolition, which is expected to cost $5 million.
VCU Health continues to pay for downtown development exit
While the health system remains on the hook for Richmond real estate tax payments that continue to come due, it’s unclear whether a new university-led project for the same site would align with the city’s desire to keep the downtown property taxable.
Architecture Review: VCU’s New STEM Building checks many boxes (Guest Commentary)
The new building’s interior delivers big time. But the exterior, sorry to say, is a clunker amidst its domestic-sized Franklin street neighbors — like an over-sized cruise ship docked at a comparatively diminutive port, say Key West or Dubrovnik.