Riverfront Development to Move Forward
Mayor Dwight C. Jones today issued the following statement regarding the City’s proposed Capital Improvement Program for FY2015-2019 and Riverfront Development:
“It is clear to me after hearing from some very good friends who are aware of my ongoing commitment to riverfront development, that the Capital Improvement Program (CIP) budget put forth sends the wrong signal about the city’s intentions concerning riverfront development and specifically the Brown’s Island Dam Walk. I want to be clear: we are moving forward and it is my understanding that we are well on track to complete the Dam Walk before the World Road Cycling Championships come to Richmond in 2015.
“The city has approximately $4 million in unspent funds for this project, because of the initial funding that I included in my CIP for FY2013-2017. We are also anticipating grant funding in the amount of $2.5 million; meaning we may have as much as $6.5 million on hand. The Brown’s Island Dam Walk is a key project in this first phase of riverfront development and early conceptual plans for the Dam Walk estimated a cost of $2 million. This would indicate that we have ample funds on hand to move the project forward and is the only reason new funding was not included for the immediately approaching fiscal year. Staff has been hard at work to have this key project move forward in a timely manner and this is the information I’ve been relying on.
“Additionally, not including funding in the current CIP does not mean that more funding won’t be provided for another five years. That is not my intention. I am mindful of the fact that project refinements and technical requirements will likely push the need for resources higher. We present a five-year CIP every year and I fully expect that with the presentation of next year’s CIP, additional funding will be sought for riverfront development and other projects in the pipeline that will create new public spaces around our beautiful riverfront.
“This plan of action should have been conveyed in our budget, and it is unfortunate that the budget advanced without appropriate mention of our ongoing Riverfront plans. I look forward to working with Richmond City Council on this aspect of the budget as well as many others.”
“It is clear to me after hearing from some very good friends who are aware of my ongoing commitment to riverfront development, that the Capital Improvement Program (CIP) budget put forth sends the wrong signal about the city’s intentions concerning riverfront development and specifically the Brown’s Island Dam Walk. I want to be clear: we are moving forward and it is my understanding that we are well on track to complete the Dam Walk before the World Road Cycling Championships come to Richmond in 2015.
“The city has approximately $4 million in unspent funds for this project, because of the initial funding that I included in my CIP for FY2013-2017. We are also anticipating grant funding in the amount of $2.5 million; meaning we may have as much as $6.5 million on hand. The Brown’s Island Dam Walk is a key project in this first phase of riverfront development and early conceptual plans for the Dam Walk estimated a cost of $2 million. This would indicate that we have ample funds on hand to move the project forward and is the only reason new funding was not included for the immediately approaching fiscal year. Staff has been hard at work to have this key project move forward in a timely manner and this is the information I’ve been relying on.
“Additionally, not including funding in the current CIP does not mean that more funding won’t be provided for another five years. That is not my intention. I am mindful of the fact that project refinements and technical requirements will likely push the need for resources higher. We present a five-year CIP every year and I fully expect that with the presentation of next year’s CIP, additional funding will be sought for riverfront development and other projects in the pipeline that will create new public spaces around our beautiful riverfront.
“This plan of action should have been conveyed in our budget, and it is unfortunate that the budget advanced without appropriate mention of our ongoing Riverfront plans. I look forward to working with Richmond City Council on this aspect of the budget as well as many others.”