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Virginia Beach oversight board reports steady progress and $73 million in grants for flood bond projects
Summary
The Flood Prevention Bond Referendum Oversight Board reported construction and design milestones across multiple bond projects, $73 million in awarded grants, a further $44 million planned for application, an $83 million low‑interest loan for Eastern Shore Drive, and a reduction in program estimates following a negotiated mega‑bundle price.
The Flood Prevention Bond Referendum Oversight Board briefed City Council on March 17 about program progress, grants and construction milestones tied to the $1.5‑billion bond approved by voters in 2021.
Jeff Waller, chair of the oversight board, said the bond program covers seven master projects with 21 subprojects and 10 support projects. Since September, staff and the board completed design work and moved several projects toward construction. “Bow Creek Stormwater Park phase one is under construction,” Waller said, and additional bundles including Eastern Shore Drive phases 1B–1E…
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