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Dozens gathered on Tuesday for the introduction of the chosen development team for the $2.4 billion project to redevelop the 67 acres of land in Scott's Addition.
“We pursue a lot of public-private partnerships, and we’ve learned that you need to do your homework when you’re coming into another market,” said Republic Properties’ Jordan Kramer.
The Agenda: Local government briefs for 6.28.21
BizSense file)
Chesterfield OKs more residential units at The Lake, Westchester Commons
Chesterfield County supervisors voted last week to allow more residential units at The Lake, an upcoming mixed-use development near Clover Hill High School.
Project developer Flatwater Cos. can add another 400 units to the development, which would also include a surf pool and 13-acre lake feature alongside retail, office and restaurant space.
The development would be built on 105 acres at 13400 Genito Road, and 2500, 2601 and 2991 Genito Place. The board’s approval of amendments to a previously OK’d rezoning application allows the surf pool’s construction as an alternative to a white-water course as well as the additional housing units and other changes.
The Agenda: Local government briefs for 3.15.21
Chesterfield budget proposal includes increased BPOL threshold
Chesterfield County Administrator Joe Casey presented his proposal for the county’s fiscal year 2022 budget last week.
The $806.8 million general fund features $344.7 million in local funding to the school district, as well as $226.8 million in capital improvements that include $19 million for sidewalk upgrades. The proposed general fund for FY22 is an increase of $84.9 million (11.7 percent) compared to the adopted FY21 budget.
The budget would increase the collection threshold for the business and occupation license (BPOL) tax, upping it to $400,000 from $300,000 effective July 1. In doing so, more than 6,400 small- and medium-sized businesses would be exempt from the tax, according to the county.