A ‘killer arena’

(RECAP: NH District Corp., a group of corporate leaders headed by Dominion Energy CEO Thomas F. Farrell II, wants to reinvent a section of downtown Richmond with a $220 million arena as its centerpiece. The city is considering NH District’s proposal for a $1.4 billion mixed-use, residential and business project in which a 17,500-seat arena would replace the 12,000-seat Coliseum. The entire project, built on city-owned real estate, would be funded via a mixture of publicly backed bonds, private investment and the creation of a special tax district. In its statement, NH District said it “will meet the Mayor’s vision and address Richmond’s need by delivering the community’s largest commitment to affordable housing, the largest level of minority participation Richmond has ever seen, thousands of jobs and training opportunities for Richmonders, and new tax revenue for core services.”)

Powered by WPeMatico

N.Va. elected leaders find much to agree on at annual roundtable

(RECAP: Northern Virginia needs to build more affordable housing, train more technology workers, recoup road funds diverted to Metro, redevelop the Route 1 corridor and regain authority to negotiate proffers with developers, the leaders of five area jurisdictions said Aug. 29. Calling it an “existential issue,” Cristol said Arlington officials are examining creative ways to build more affordable housing, including possibly allowing “micro-units” to be constructed in adapted-reuse buildings.)

Powered by WPeMatico