MUNI-RICHMOND COUNTYlocal legislationAdopted

Funding Approval for Diamond District Infrastructure

Original title: To authorize the Chief Administrative Officer, for and on behalf of the City of Richmond, to accept funds in the amount of $10,369,508.00 from the Central Virginia Transportation Authority and to amend Ord. 2025-058, adopted May 12, 2025, which accepted a program of proposed Capital Improvement Projects for Fiscal Year 2025-2026 and the four fiscal years thereafter, adopted a Capital Budget for Fiscal Year 2025-2026, and determined a means of financing the same, by (i) establishing a new project for the Department of Public Works in the Transportation - Federal/State/Regional category entitled “Diamond District Transportation Infrastructure Project” and (ii) increasing estimated revenues from the funds received from the Central Virginia Transportation Authority and the amount appropriated to the new Department of Public Works’ “Diamond District Transportation Infrastructure Project” in the Transportation - Federal/State/Regional category by $10,369,508.00 for the purpose of funding the Diamond District Transportation Infrastructure Project.

April 27, 2026

infrastructure transportation budget city-planning diamond-district

Track this bill to get notified when it advances a stage. One tap to stop, anytime.

The Frame

What this does

This authorizes the city to receive and spend $10,369,508 in regional transportation funds specifically for infrastructure development within the Diamond District project area.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

City of Richmond residents

Residents will see new transportation infrastructure projects initiated in the Diamond District area.

Department of Public Works

The department is tasked with managing the new Diamond District Transportation Infrastructure Project.

What changed

Last recorded activity April 27, 2026.

What's next

Next step not available in the current record.

Summary

The City of Richmond is accepting $10.37 million from the Central Virginia Transportation Authority to fund new transportation infrastructure in the Diamond District. This updates the city's existing to include this specific project under the Department of Public Works.

Key Facts

The City of Richmond is authorized to accept $10,369,508 from the Central Virginia Transportation Authority.
A new project titled 'Diamond District Transportation Infrastructure Project' is established under the Department of Public Works.
The city's capital budget and revenue estimates for Fiscal Year 2025-2026 are amended to reflect this $10,369,508 increase.
This ordinance amends the previously adopted Ord. 2025-058, which originally set the capital improvement program and budget.
The funds are specifically designated for transportation infrastructure within the Diamond District.

Frequently Asked Questions

Where is the money for this project coming from?

The funds are provided by the Central Virginia Transportation Authority.

What is the money being used for?

The funds are earmarked for the 'Diamond District Transportation Infrastructure Project' managed by the Department of Public Works.

Does this change the city's existing budget?

Yes, it amends the previously adopted for Fiscal Year 2025-2026 to include this new project and the associated revenue.

Why It Matters

This authorizes the city to receive and spend $10,369,508 in regional transportation funds specifically for infrastructure development within the Diamond District project area.

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Related Legislation

local_legislation