# Richmond Redevelopment Commission Meeting of October 20, 2026

The Richmond Redevelopment Commission met on October 20, 2026, and approved its financial statements and the deobligation of funds set aside for the former hospital after that obligation had been met. The commission also approved a resolution pledging tax increment revenue from Downtown Allocation Area No. 3 to repay Project Phoenix economic development bonds. The bond was described as approximately $6.2 million, with an estimated range of $6.3–$6.4 million, to be purchased by the developer. The commission approved Community Crossings matching funds from the John Manville allocation area for roadway work; the request was stated as not to exceed approximately $485,660, toward a total project cost of about $971,000, with the state expected to cover half. The identified street segments are scheduled for work in spring 2027, subject to the grant award.

The commission approved the Star District housing revitalization project, which involves rehabilitation of historic homes and removal of asbestos and certain non-historic structures; the presentation cited $980,000 in local funding for blight elimination and the land bank, more than $3 million in anticipated private investment, and a requirement to complete the funded work by the end of 2028. It also approved up to $500,000 for Reed Center improvements, amended to $250,000 from 2026 funds and $250,000 from 2027 funds, as a reimbursable grant for life-safety work and building climate control. The commission approved an amendment to the redevelopment-area resolution creating Downtown Allocation Area No. 3. No vendor contract award was identified; the meeting included discussion of future bidding for project work and a vendor refund for previously purchased IT equipment.

**Jurisdictions:** sled
**Industries:** Construction & Infrastructure
**Topics:** Physical Infrastructure, Grants & Funding
**Published:** October 20, 2026

### Sources
- [Richmond Redevelopment Commission Meeting of October 20, 2026](https://www.youtube.com/watch?v=jkbHyTrpFfw) - WCTV Channels 11, 20 & 21