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Council approves sale of former Lynchburg police headquarters to developer planning $9.5M rehab
Summary
Council unanimously approved the sale of the former police headquarters at 805 Court Street to FYG Properties LLC. The deal carries a $500,000 purchase price with a $400,000 rehabilitation credit and a developer‑estimated investment of more than $9.5 million with potential for about 80 new tech jobs.
Council authorized the sale and redevelopment of the city‑owned property at 805 Court Street (the former Lynchburg Police Department headquarters) to FYG Properties LLC in a unanimous vote.
Marjette Upsher (S16), director of economic development and tourism, told council the historic 21,868‑square‑foot structure…
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