How GreenCity debt dispute is impacting Henrico development

How GreenCity debt dispute is impacting Henrico development

HENRICO COUNTY, Va. -- Legal wrangling over funds at the center of the stalled GreenCity development in Henrico is delaying the county from not only reclaiming the property but also initiating the process to find a new developer for the project.ASM Global, which had signed on to manage GreenCitys anchor arena, is requesting a court hearing to determine whether $1 million that the projects former developers had paid the county for the site can be…

GreenCity debt dispute delaying planned property transfer, developer solicitation - Richmond BizSense

The former Best Products headquarters building, which was to be repurposed as part of the GreenCity development. (Henrico County images) Legal wrangling over funds at the center of the stalled GreenCity development in Henrico is delaying the county from not only reclaiming the property but also initiating the process to find a new developer for the project. ASM Global, which had signed on to manage GreenCity’s anchor arena, is requesting a court…