May 22nd 2020 | Posted in Public-Private Partnerships (P3) by Government Contracting Pipeline

Virginia – A Richmond City Council committee recommended declaring several city properties surplus on May 19 as a precursor to a possible request for proposals to redevelop sites that were part of a failed effort to revitalize Navy Hill.
VCU Navy Hill P3 development Richmond reconsiders Navy Hill sites for redevelopment

Rendering of previous Navy Hill proposal

Richmond’s Land Use, Housing, and Transporation Standing Committee supported the mayor’s administration in its request to declare the Richmond Coliseum, Public Safety Building, three parking lots, and the Theatre Row building as surplus.

Since the City Council rejected the Navy Hill development proposal in February that would have transformed the area into a $1.5 billion medical complex, the city received two offers that included properties from the failed project.

Councilmembers are set to review the committee’s recommendation at their May 26 meeting. If they adopt a resolution in support of the measure, then the city would be allowed to issue a solicitation for proposals and begin a public bidding process for the city properties.