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cbl1

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About cbl1

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    Midlothian, VA

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  1. Be nice to see the CAA basketball tournament return to Richmond.
  2. Did you check out Breeze airlines for flight to Tampa?
  3. cbl1

    Retail in Richmond

    The Krispy Kreme at Willow Lawn should count and on Pulse.
  4. Not building related - but Richmond related in keeping up with the big cities. At Apple Event today Verizon announced nationwide launch of 5g with 55 cities launching today - Richmond is one of those cities and coverage map shows 5G for entire region.
  5. What your only supposed to put down your opinions in writing if your anti-navy Hill ... all those fake numbers thrown around add up. All arguments for them should just be dismissed off hand.
  6. If you want to get into real costs year to year above the $300mlion initial Infrastructure investment you can look at the rate over inflation as to cost. assuming the 5% bond rate and 2.3% inflation. The city will be paying $439k above inflation each month. That equates to $5.27million per year it will be costing the city if it takes 30 years to pay off the Loan. So it could be legitimately said the cost to the city in today’s dollars is $458million.
  7. Make up whatever numbers you want. I said what is the net present value of the payments. A $100,000 payment on the bonds 25 years from now does not equal $100,000 in today’s dollars so you can’t go around quoting the dollars spent over 30 years time and act like that is the cost in today’s dollars - it is highly misleading
  8. What irritates me is headlines like "2 billion" "1.5 billion dollar project" - I mean you would read the headlines and you would think the city is paying over a billion dollars for the development. Why don't all the private developers and the private money going into the project ever get talked about. And everyone likes to inflate the city portion of the project like they are spending $600+ million on the project. It's $300 million people plus interest - pay it off sooner the other figures are meaningless. $600 million 30 years from now does not equate to $600 million in todays tax
  9. where do these updates come from?
  10. Could be they are trying to move the budget for a new transfer station into GRTC funding to save money in the Navy Hill Plan. I think when it comes to Navy Hill there is negotiating going on with the various council members to get their yes vote. First the new tax savings shrinking the TIF area. Now possible movement of the transfer station out of the Navy Hill scope - adding further savings to the plan.
  11. If you fill in from where current Manchester construction is to the casino your talking about a major area of Southside being revitalized.
  12. The rendering looks like 24-25 floors
  13. Love the naysayers as usual piling on the article complaining of the state giving taxpayer dollars. Again its an investment - if they give a 25% break to sales tax in the TIF and sales double - taxpayers in Virginia make more in tax revenue. What is the difference in the state doing this for the project vs. handing out money to developers directly via the Economic Development departments across the state. Everyone just wants to be negative about everything. What is good for Richmond is good for the state. The legislature has been trying for a good amount of time to spur s
  14. I think the Virginia Beach one had a developer that was having issues getting all the investors / financing lined up. One thing going for the Richmond version is that its not a for profit speculative developer but a non-profit trying to make this happen for the city.
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