GreenCity arena plan is dead

GreenCity arena plan is dead as Henrico plans to reclaim property
The developers did not make a roughly $5 million payment Thursday, ending an ambitious project to build an environmentally friendly neighborhood at the former Best Products site in northern Henrico.
Henrico takes back former Best Products space once planned for GreenCity
Henrico County is taking back the former Best Products property that had been planned for the massive arena-anchored GreenCity development.
Henrico to take back GreenCity property after developer misses final payment deadline
The $5.2 million payment was officially due Feb. 28, but a purchase agreement for the massive arena-anchored development allowed a 10-day cure period that expired Thursday at midnight.
Henrico County, GreenCity developers part ways
Henrico County and developers for the $2 billion eco-district GreenCity have decided to part ways, according to a news release.“The parties have mutually agreed to go in a different direction, and the developers will expeditiously work to transfer the property back to the county and terminate the existing agreements.
Henrico's GreenCity plans collapse as developer misses payment deadline
Plans for a mixed-use ecodistrict that was expected to usher in a new era of development in Henrico County and provide the county with a regional entertainment attraction, in the form of a 17,000-seat arena,
Henrico to reacquire Best Products property from Green City developers
Henrico County will be reacquiring the $2.3 million Best Products property from Green City developers within the next month.
Henrico County’s $2.3B GreenCity project is dead
Henrico County announced Friday that it will reacquire the Best Products property from the Green City developers, saying the parties “have mutually agreed to go in a different direction."
What's going on with Green City? Henrico manager updates issues with developers
Henrico County's ambitious GreenCity project, estimated at $2.3 billion, could be in jeopardy due to developers’ failure to meet financial obligations. A letter from the county, dated March 3, indicated the GreenCity Development Corporation had not made a final payment exceeding $5.
Richmond Times-Dispatch1d
Churchill Downs once considered Henrico's arena site for major development
But now, discussions between Churchill Downs and Henrico to build a large gambling facility and hotel in the county's north side have ceased.
WTVR.com10d
Is GreenCity in danger? Here's what we know about the massive Henrico project.
The fate of Henrico’s massive arena-anchored GreenCity project is in question after its developers have been deemed by the county to be in default of agreements the two sides signed several years ago.
Richmond BizSense24y
Henrico holds GreenCity developer in default for lack of progress, missed land payment
The default notices followed a nonperformance notice that the county sent the developers in December, as well as a missed ...
Virginia Business8d
Henrico sends default notices to $2.3B GreenCity project developers
Listen to this article The $2.3 billion GreenCity development in Henrico County appears to be in jeopardy. Henrico County has sent two notices of default — one in regard to the property purchase ...