Economic Redevelopment

Authority advances two $500,000 brownfield grants

The Authority approved actions involving two $500,000 brownfield grants: ratifying a grant for cemetery relocation and authorizing an application to repurpose existing structures at the Southern Virginia Megasite at Berry Hill Project. It also approved restructuring Fastech's $630,000 loan, including interest-only payments through 2027, and authorized negotiations for about 38 acres of additional right of way in exchange for $1.15 million.