Stoney to introduce ordinances to redevelop public safety bu

Stoney to introduce ordinances to redevelop public safety building


Stoney to introduce ordinances to redevelop public safety building
Mayor Levar Stoney (Source: NBC12)
By NBC12 Newsroom | February 8, 2021 at 7:21 PM EST - Updated February 8 at 7:21 PM
RICHMOND, Va. (WWBT) - Mayor Levar Stoney and his administration will introduce ordinances and legal documents for the sale and redevelopment of the public safety building in Richmond.
According to a release, the city received an unsolicited offer from Capital City Partners, LLC for the building in May of last year.
“City Council declared the property to be surplus real estate on June 22, 2020, and city officials recommended that the city negotiate with Capital City Partners, LLC on its unsolicited offer to purchase and redevelop the property.  A purchase price of $3,520,456 was negotiated between the city and developer.  As part of the negotiated agreement, Capital City Partners, LLC is responsible for the demolition of the Public Safety Building and construction of new public infrastructure that includes reconnecting East Clay Street,” a release said.

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