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New Hanover County could save $24 million on Project Grace. The deal could also self-destruct


WHQR s Hannah Breisinger and Ben Schachtman discuss the story.
The current proposal for Project Grace, New Hanover County’s plan to redevelop the downtown library block, will cost taxpayers $90 million over 20 years in lease payments to the Zimmer Development Company. But by its own calculations, the county could save $24 million if it borrowed the money at the current low interest rates and built the project itself.
The county is in a bind. Zimmer has said it will only participate if the project is a lease deal, and will walk away if the county directly funds construction. However, the state has already nixed a nearly-identical lease-to-own deal for the County’s government center redevelopment, and will likely do the same for Project Grace. ....

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Massachusetts Enacts State Zoning Law Amendments Designed To Encourage Housing Development - Real Estate and Construction


Highlights
The Commonwealth of Massachusetts has adopted material changes
to state zoning laws designed to encourage housing development, and
in some cases mixed-use development that includes housing.
An Act Enabling Partnerships for Growth, Chapter 358 of the
Acts of 2020 (the Act) has amended Chapter 40A of the Massachusetts
General Laws in a number of areas, dubbed the Housing Choice
Initiative, in an effort to combat barriers to housing production
and assist cities and towns working to promote housing
development.
This Holland & Knight alert summarizes these key zoning
amendments included in the Act.
The Commonwealth of Massachusetts has adopted material changes
to state zoning laws designed to encourage housing development, and ....

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Virginia Is The New California: New Privacy Requirements Arise In Virginia's Legislation - Privacy


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On March 2, 2021, Virginia Governor Ralph Northam signed into
law the Consumer Data Protection Act (the VCDPA or the Act), making
Virginia the second state, following California, to grant consumers
broad privacy rights with respect to their personal information as
collected by businesses both within and outside the state. The
VCDPA will not take effect until January 1, 2023, but businesses
should begin now to assess their potential coverage and to map out
a plan for compliance.
Many businesses may have a head start on compliance if they have ....

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