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VBDA discusses amending EDIP Part B to target shopping‑center redevelopment; working group formed
Summary
Staff proposed exploring changes to EDIP Part B to better support shopping center redevelopment and mixed‑use projects. Commissioners agreed to form a working group to develop a framework and return recommendations in several months.
At the Oct. 14 meeting the Virginia Beach Development Authority held a staff‑led discussion on whether to amend EDIP Part B to encourage redevelopment of shopping centers and related mixed‑use proposals.
Deputy Director Natalie Delmious told the authority staff had received recent proposals that did not fit the existing Part B eligibility framework and recommended exploring a targeted amendment that would explicitly include shopping centers and related mixed‑use redevelopment in EDIP Part B. Staff cited a CoStar data…
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