Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Economic Development Authority seeks return of $925,000 contributed to Virginia Village acquisitions; offers targeted small-business work plan
Summary
The EDA asked council to reimburse $925,000 previously contributed to the Virginia Village acquisition effort, proposing to keep part of the remainder in the strike fund on a low-interest basis and use funds for small-business and placemaking support if returned.
Ross Littgenhaus, chair of the Economic Development Authority (EDA), asked Falls Church council April 7 to consider reimbursing the EDA for $925,000 previously contributed to the Virginia Village acquisition effort. The EDA’s request follows a shift in development partners and the pause of the previously anticipated Wesley Housing transaction.
Background: The City and the EDA previously partnered to pool funds for a revolving Acquisition Strike Fund aimed at preserving…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
