Navy Hill Coliseum News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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A rendering of the proposed redevelopment project on the Public Safety Building property. (Courtesy of Capital City Partners)
Richmond City Council voted Monday to sell the defunct Public Safety Building on Leigh Street for roughly $3.5 million.
Developer Capital City Partners, LLC will take over ownership of the property. Capital City Partners was the development group behind the failed $1.5 billion Navy Hill/Coliseum project, which included the sale of the Public Safety Building. Monday’s council action allows the developer and the city to salvage what was considered a relatively non-controversial piece of the Navy Hill deal.
Mayor Levar Stoney’s administration negotiated the deal. Stoney has called the sale “a win for Richmond” and said it’s part of a larger strategy to repurpose vacant or underutilized land in Downtown. ....

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