Henrico County positions Best Products site for GreenCity deal
Images courtesy of GreenCity LLC)
With a pair of procedural approvals, Henrico County has taken its first step down the proverbial yellow brick road to GreenCity.
As they said they would do when they announced the $2.3 billion arena-anchored development in December, Henrico supervisors last week approved a transfer of the county-owned Best Products site to Henrico’s economic development authority, which will negotiate a sale of the 92-acre site to developer GreenCity LLC.
The EDA board voted two days later to accept the transfer, directing Executive Director Anthony Romanello to proceed with a memorandum of agreement for disposition of the property. The EDA would then begin negotiations, though the county has already said its preferred sale price: $6.2 million, the amount it paid for the property in 2011.