Henrico Endorses Arena Proposal

17,000 Seat Arena Would Be Part of "Green" Development

December 01, 2020 - 3:43 pm
Green City Proposal. (Henrico County)

(Henrico County)


Henrico, Va. (Newsradiowrva.com) - With plans for a downtown arena going nowhere, Henrico has endorsed a plan to put at 17,000 seat arena at I-95 and Parham Road, on the site of the old Best Products headquarters.  Best went out of business in 1997.

The arena would be part of a green development  that would also include two hotels.  It would be privately financed, but the county would create a community development authority that would likely issue bonds (recouped through special taxes) to fund infrastructure improvements.

The county has used CDAs for projects like Short Pump Town Center.  Rezoning is expected sometime early next year.