Posts

Update on North of Broad/Downtown Redevelopment Request for Proposals

On November 9, 2017, Mayor Stoney formally announced the issuance of a Request for Proposals (RFP) for the North of Broad/Downtown Neighborhood Redevelopment Project. Issuing the RFP was the first step in initiating an open competitive process for a transformative opportunity to spur redevelopment of a significant portion of real estate located in the neighborhood north of Broad Street in downtown Richmond. Upon announcing the RFP, Mayor Stoney noted that “The goals of this RFP are bold, but provide an opportunity to achieve a number of strategic objectives for the city. To expand economic development and affordable housing opportunities, to generate revenue while achieving poverty mitigations through jobs and training, to provide historic preservation and community revitalization, to promote and support tourism, and to ensure sustainable development and investments in infrastructure.” The RFP required respondents address a variety of components, including: Replacement ...

Mayor Levar M. Stoney Statement on City Council Passage of Meals Tax Proposal to Fund School Facilities

“Tonight, the City of Richmond sent a strong message to its students that it is no longer willing to kick the can down the road when it comes to providing them with modern, safe and healthy environments in which to learn. This is just the first big step in what will be many more steps to improve our schools for our children, and for the generations of Richmond Public School students to come. After decades of telling them to wait, tonight we put them first. We are moving full-steam ahead with our plan to generate $150 million in new school construction and renovation of facilities that have been neglected for far too long. This was not an easy decision, and it does not solve all of our schools’ challenges, but it was important that we get started now. I’d like to thank the members of City Council tonight for understanding the urgency and importance of our needs and having the courage to take action. And I would like to thank the Richmond School Board and Superintendent Jason Kamr...

Rose Fellowship Panel Presents Findings on “A Shared Vision for Shockoe Bottom”

Today the Rose Fellowship Panel presented their findings and recommendations on how the City of Richmond can take progressive steps in the coming years to protect and honor the unique history of   Shockoe   Valley through community engagement while building an economically viable neighborhood and international destination through existing and future investment. “We’ve had a number of experts and advisors here from around the country to take a look at some of the land use issues we face in the city,” Mayor Levar M. Stoney stated to a full room at Main Street Station. “And although we may face some challenges, we have an opportunity to remember and honor the enslaved Africans who built this city and also celebrate the vibrancy of   Shockoe   Valley.” Today’s public meeting culminated four days of site visits and stakeholder and community engagement by a team of national land use and design experts assembled and sponsored in its entirety by the Daniel Rose fellows...

State Auditor of Public Accounts Recants Prior Financial Distress Notification

The Commonwealth’s Auditor of Public Accounts (APA) notified city officials in a letter dated last Friday, January 26 (attached), that Richmond “does not appear to be in a situation of fiscal distress that would warrant further assistance or intervention from the Commonwealth,” as the APA’s preliminary determination indicated in August of last year.   Richmond’s Director of Finance, John Wack, provided members of city council with the attached intracity memorandum, explaining how the APA’s Financial Assessment Model (FAM) prematurely identified potential financial distress indicators last August. The city’s financial advisors, Davenport & Company, also determined the FAM criteria previously used were too limited in scope and substance, did not take into account Richmond’s demographics, economic development, strength of management nor the city’s debt practices and reasons for debt.   The APA has now set the record straight.   “I am pleased the APA has obtained a ...

Mayor Levar Stoney's 2018 State of the City Address


Mayor Levar M. Stoney delivered his 2018 State of the City Address Tuesday, January 23 at Martin Luther King, Jr. Middle School. The mayor reviewed the administration's significant accomplishments in 2017 and reported the state of the city is "strong." Included in his remarks was the announcement of initiatives to fund school construction and address challenges in our public housing communities. 
 The mayor's State of the City Address as prepared can be found  here . 


Richmond Fire Department Receives ISO Class 1 Rating

The Insurance Services Office (ISO) has reclassified the City of Richmond Department of Fire and Emergency Services as an ISO Class 1, their highest awarded classification. Of the nearly 45,000 Public Fire Protection Districts in the United States, only 270 are ISO Class 1 and only 7 are located in Virginia. This puts the Richmond Fire Department in the top 1% for fire protection in the nation.  ISO collects and evaluates information on municipal fire-protection efforts in communities throughout the United States. ISO then assigns a Public Protection Classification from 1 to 10. Class 1 represents superior property fire protection, and Class 10 does not meet the minimum requirements of protection.  ISO evaluates a community’s (1) Fire Protection, (2) Emergency Communications Center, (3) Municipal Water Supply System, and (4) Community Risk Reduction Efforts.  Benefits to the Community: A community’s investment in fire protection is a proven and reliable predictor of...

Mayor Levar Stoney Proposes Increase in City Meals Tax Rate to Fund Special Reserve Fund for School Construction


A presentation by the City’s financial advisors, Davenport & Company, at the December 11 Education Compact meeting indicated the city has approximately $66 million in debt capacity through FY2023 for City and Schools projects. A new funding source for Schools facilities is needed in order to increase debt capacity while not negatively impacting core city services and operations. This afternoon, Mayor Levar Stoney introduced an ordinance increasing the meals tax 1.5% with the intent of making additional funds available for the renovation and replacement of public school facilities in the city. This increase would generate an initial $9.1 million in new funding per year, which would allow the city to expand the current debt capacity and provide $150 million dollars in new capital funding over the next five years, dedicated to Richmond Public Schools. The Mayor is proposing these funds be placed in a special reserve, only available to fund school facilities. Richmond’s strong credit...