Administration formally introduces legislation for Navy Hill Project

The city administration today formally introduced ordinances memorializing the proposed negotiated agreement with the Navy Hill Development Corporation to revitalize downtown Richmond, create economic opportunity, and provide necessary funding for the city’s priorities, including education, housing, and neighborhoods. Also introduced was a resolution outlining the Mayor’s funding priorities for the estimated $1 billion in surplus revenue to be generated by the proposed project.

The legislation, which will be officially posted to the Richmond City Clerk’s Legistar page, can also be found at the following link on the city website:

http://www.richmondgov.com/Mayor/downtown.aspx

The documents being released today include the following:

·      The ordinance binder package, which includes the legal documents, the OR Request, and the Fiscal Impact Statement

·      The Original Proposal from NHDC

·      The NHDC Response to Request for Clarifications

The previously posted City of Richmond Request for Proposal (RFP) and other related previously published documents may also be found on the city’s website.

 
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