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Fairfax County Spending $76 million in Reston to Demolish Libray and Give Reston Town Center Developer More Land for Skyscraper.
Posted by: YOU'VE GOT TO BE KIDDN ME! ()
Date: January 06, 2020 08:41PM

Reston Library and other Reston sites to be destroyed to give RTC developer more land.


Approximately $76 million is proposed to redevelop the overall master plan that reconfigures and provides integrated redevelopment of approximately 50 acres currently owned by Fairfax County and Inova at Reston Town Center North (south of Baron Cameron Avenue between Town Center Parkway and Fountain Drive), including the replacement of Reston Regional Library, Embry Rucker Shelter, currently on this site, and development of additional facilities to accommodate Human Services needs. The plan maximizes the development
potential consistent with the needs of the community and in conformance with the Comprehensive Plan Amendment approved in February 2014. Three current facilities impacted by the redevelopment are the Reston Regional Library, the Embry Rucker Shelter, and the North County Health and Human Services Center. The County solicited development proposals under the PPEA Guidelines, for the
Phase 1 development on the two County-owned parcels, known as Blocks 7 and 8, which currently house the existing library and shelter facilities. As a result of the Phase 1, Part 1 solicitation, issued in summer 2015, prequalified development partners were identified. A Phase 1, Part 2 solicitation for
development proposals on Blocks 7 and 8, was issued in summer 2017 and the submittals are under review by the Selection Advisory Committee. The County will solicit PPEA proposals at a future time for development on the remaining balance of the property, including the parcel containing the North
County Human Services Center. Funding of $12,000,000 was approved as part of the fall 2016 Human Services/Community Development Bond Referendum for the Shelter and $10,000,000 was approved as part of the 2012 Library Bond Referendum for the Library. It is anticipated that additional funding will be required for the County share of the Blocks 7 and 8 development and a Comprehensive Real Estate and Infrastructure Development Agreement with Inova. This Agreement will provide for the real estate exchange, and design and construction of the campus site infrastructure. Economic Development Authority (EDA) bond financing is anticipated for implementation of the plan.

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Re: Fairfax County Spending $76 million in Reston to Demolish Libray and Give Reston Town Center Developer More Land for Skyscraper.
Posted by: Corrupt Planning Commission ()
Date: January 06, 2020 08:45PM

Keyword here slipped in at the end of the statement - This Agreement will provide for the real estate exchange

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