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RVA Diamond Partners LLC, a consortium of groups including locally based Thalhimer Realty Partners and Southside Community Development, would be tasked with redeveloping nearly 67 acres of publicly owned land.
“The redevelopment of the Diamond District site is intended to be financially self-sustaining, meaning that the new development in the Diamond District will generate enough tax revenue to pay debt service for Community Development Authority bond financing,” new city documents state.
With the selection of investors to lead a new mixed-use development, Richmond officials now have a plan for a new Flying Squirrels ballpark near the Diamond.
The Richmond Flying Squirrels started a comeback with back-to-back homers in the fourth inning but fell to the Erie SeaWolves, 7-2, Tuesday night.
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.