Mayor Announces Agreement in Principle on North of Broad Development
Mayor Levar M. Stoney today announced that the City of Richmond has reached an agreement, in principle, with the nonprofit NH District Corporation for the development of the Navy Hill neighborhood north of Broad Street. Pending final negotiation and satisfactory resolution of several outstanding details, the administration will submit ordinances to the Richmond City Council in the coming weeks for consideration and public deliberation. The independent, third-party analysis of the proposed North of Broad project by Hunden Strategic Partners, Inc. can be found here - https:// bit.ly/2SIXH52 Below are Mayor Stoney’s remarks from earlier today: North of Broad Project Announcement Remarks (As Prepared for Delivery) by Mayor Levar M. Stoney November 1, 2018 Good afternoon. Thank you for coming. Almost one year ago, I stood on the Observation Deck of City Hall to announce our plans to seek proposals to redevelop a forgotten neighborhood, and to revitalize underutiliz