Latest / Richmond News Today | 2 Min News | The Daily News Now!
Richmond’s Diamond District Moves Forward | Richmond News
Richmond just unlocked a major development milestone as the Economic Development Authority finalized a $25 million deal for the former Sports Backers Stadium land — a key step in building the sprawling 32-acre Diamond District. While the specific 2.5-acre parcel sold is earmarked for roads and infrastructure (not directly profitable for developers), it clears the way for demolition to wrap up by July and paves the path for the next 15 years of growth. Diamond District Partners already spent $11.4M on the first 18 acres and will continue expanding across the remaining 37 acres. Meanwhile, VCU…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.