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Richmond asks CVTA for about $12.96 million to close Diamond District infrastructure shortfall
Summary
The City of Richmond requested about $12,960,000 from the Central Virginia Transportation Authority to close a funding gap for roads, signals, stormwater and streetscape work in the Diamond District.
The City of Richmond requested roughly $12,960,000 in regional transportation funds to cover a shortfall for roads, signals, stormwater and streetscape work in the Diamond District.
The request was made during the CVTA meeting on Oct. 9, when Richmond representatives said competitive bids for the next phase of work produced a funding gap the city needs to fill before the next regular programming cycle. The authority added the request to the agenda and later voted to send the request back to the Technical Advisory Committee (TAC) for validation and asked staff to review all potential funding sources that could cover the emergency need.
City of Richmond officials described the Diamond District as a regional amenity tied to the new ballpark and surrounding development. A Richmond speaker said the stadium will have capacity for 10,000 and that more than 70% of minor-league…
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