RVA 5x5

RVA 5x5

Share this post

RVA 5x5
RVA 5x5
Parking Decks, Debt, & Trap Doors

Parking Decks, Debt, & Trap Doors

RVA 5X5 Deep Dive - May 7, 2024

Jon Baliles's avatar
Jon Baliles
May 07, 2024
∙ Paid
Share

No algorithms. No content filters. No A.I. — Honest and insightful analysis from Richmond, VA.

Sign up & get the first four weeks free!


On Wednesday afternoon at 3:00pm in City Council Chambers, City Council will vote and approve the plan presented by the Mayor and Chief Administrative Officer (CAO) to allow the city to issue $170 million in bonds to pay for the new baseball stadium on ten acres that will be surrounded by about 57 acres of new development built out over the next decade plus.

Two years after kicking off the Diamond District process, the new plan announced a month ago was suddenly hailed as the fastest way to build a new stadium so Major League Baseball (MLB) doesn’t move the franchise for failing to upgrade stadium facilities as promised since the Diamond is too archaic to be retrofitted or modernized.

Wednesday will be a rosy “kumbayah” meeting in which all the positives will be laid out in front of the Council and the public and none of the negatives or risks will be discussed. The public hearing will take pl…

Keep reading with a 7-day free trial

Subscribe to RVA 5x5 to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2025 RVA 5x5
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share