Demolition of the Richmond Coliseum is a key first step for a what developers say could be a nearly $1 billion transformation of a fading part of the city’s downtown.
The request comes from the city administration who petitioned an additional $3.5 million be tacked on to Mayor Stoney s $3 billion FY2025 budget to cover demolition and security costs.
Maritza Pechin, whose various roles have included guiding the Diamond District project, is departing City Hall this Friday to take a job with the USDOT’s Build America Bureau.
At least two of the four groups contending for the project are proposing hotel towers that, if built as envisioned, could end up being the tallest building in Richmond.
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