RVA 5x5 - July 30,2022

Deals Done Right; Mr. Roger's Rules Devils' Triangle; Chain of Command; Winfree History; Where Does the Buck Stop?; One Small Step; + more.

No algorithms. No content filters. Honest and insightful analysis.
A radio transmission signal quality is measured by 5’s. The term “5x5” means there is a strong and clear signal. On a navigation computer, 5x5 means the flight is on the correct course and not veering off, even in difficult conditions.

STORY #1 — Deals Done Right
Last week I wrote about WWHD? — the acronym for What Would Henrico Do? — the gold standard when it comes to crafting good economic deals that make sense, reward performance instead of “bold” promises, and don’t leave the locality holding the bill when the music stops.

This week, it’s Chesterfield’s turn. The Board of Supervisors heard about a development incentive plan that would offer “up to $28 million in tax breaks to a developer building what officials have dubbed “an entertainment district unlike anything on the East Coast.”

The property located at Genito Road and Route 288 is part of a 105 acre development with 150,000 square feet of commercial space, a 6-ac…