Image default
Civic Engagement Community

Opinion: Navy Hill Redevelopment

Related posts

Mayor Stoney announces projected $15 million surplus to close FY 2019

Megan Rickman-Blackwood

Mayor Stoney Addressed Virginia Crime Commission on Proposed Gun Ban

Megan Rickman-Blackwood

9 comments

Cameron Lockard
Cameron Lockard 08/12/2019 at 11:01 AM

It seems to me that decisions like this are why we elect a city council. Granted, they aren’t perfect; but, I expect them to have at least a little more knowledge of the complex pros and cons than the average citizen needed to make a competent assessment.

Reply
crd 08/12/2019 at 1:32 PM

Cameron, I want a vote on this. Council is far from perfect. Mackie, thanks for posting. And everyone needs to make sure they are registered to vote this November. All politics is local, after all.

Reply
Mackie Blaylock 08/12/2019 at 2:17 PM

City Council meeting is this Tuesday at 4:00…

Parker C. Agelasto
PUBLIC INFORMATION ADVISORY

WHAT: Richmond City Council will hold a special meeting for the introduction and expedited consideration of a resolution ordering the submission to the qualified voters of the City of Richmond of Ord. No. 2019-212, concerning the creation of a Navy Hill Fund for the purpose of setting aside, to the extent permitted by law, and accounting separately for certain City tax revenues and other City revenues to pay for debt service on bonds issued by the Economic Development Authority to finance the construction of a new arena in downtown Richmond, for an advisory referendum thereon.

WHEN: Tuesday, August 13, at 4:00 p.m.

WHERE:
City Hall – 5th Floor Conference Room
900 East Broad Street
Richmond, Virginia 23219

The agenda for this meeting is accessible on the city’s legislative website by clicking below.

CONTACT: For more information, please contact City Clerk Candice D. Reid at 804.646.7955 or candice.reid@richmondgov.com.

Reply
mary 08/13/2019 at 7:14 AM

For those interested in the finances of Tom Farrell’s plan for downtown Richmond, a plan adopted by the city’s mayor (https://www.styleweekly.com/richmond/tom-farrells-1-billion-idea/Content?oid=12096982), here’s an easy to follow breakdown:
https://nocoliseum.com/breakdown-of-citys-overview/

Reply
Mackie Blaylock 08/13/2019 at 12:03 PM

Sharing this Forbes article about stadium/arena financing. Here’s a quote:

As pointed out by Georgia State University’s Center for Sport and Urban Policy, 54 ballparks, arenas, and stadiums in North America have received nearly $11 billion in public funding since 2006 alone. Taxpayers got to vote on funding for just 15 of those facilities, with just eight getting approval.

In all, roughly $9.3 billion has been spent without a taxpayer vote on the matter.

https://www.forbes.com/sites/jasonnotte/2018/08/17/your-tax-dollars-at-play-how-stadium-tax-scams-pick-fans-pockets/?fbclid=IwAR1XZEIKek9o1kc21f-k4-L5MJ_QCSP88W-IYc4g0eABw-Ym5eXgrqfqGXU#6b8f07be6fb9

Reply
Liz 08/13/2019 at 5:28 PM

I love that it is scheduled for 4:00 pm. While there are many that can attend, there are many who cannot due to work schedules.

Reply
Megan Rickman-Blackwood 08/13/2019 at 8:53 PM

There will be opportunity for public comment tomorrow, 8/14 at 6 pm. Currently scheduled for 5th floor conference room at City Hall.

Reply
Mackie Blaylock 08/14/2019 at 9:39 AM Reply
Liz 08/14/2019 at 4:40 PM

Thank you Mackie!

Reply

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.