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Redevelopment commission approves $120,000 contingent pledge to Star District land bank
Summary
The commission approved Resolution No. 1/20/26 to commit $60,000 in 2027 and $60,000 in 2028 to a Star District land bank; the pledge is described as a contingent commitment that the city expects to fund through budgeted local income tax distributions and requires an MOU approved by city and county councils.
The Richmond Redevelopment Commission on March 17 approved Resolution No. 1/20/26 to commit $60,000 in 2027 and $60,000 in 2028 (total $120,000) as a contingent, three-year commitment to establish a Star District land bank, Beth, a staff member, told commissioners.
Beth described the land bank as a partnership between Wayne County and Richmond City that will focus on…
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