Falls Church EDA Chief Welcomes Signing of 10-Acre Ground Lease

Monday, May 16 – Bob Young, Chairman of the Falls Church Economic Development Authority (EDA), released a statement praising the momentous event last Friday morning which involved the signing of no less than 66 documents needed to finalize the City of FC’s lease of approximately 10 acres on the west end of town, culminating in a multi-year effort to organize what promises to be an amazing mixed-use contribution to the city. Here is the text of Young’s letter published this morning:

By Bob Young

On behalf of the City Council and the Economic Development Authority, last Friday morning, I had the extraordinary pleasure of signing 66 times with my name the documents necessary for the implementation of the West End project. This is truly a monumental event for our small town, and when linked to the potential development of the adjacent Virginia Tech and Metro sites, it will have a tremendously beneficial effect on our community for years to come. Among other things, for example, the project will generate a large-scale expansion of places to go and things to do, lead to a significant increase in affordable housing, and result in a significant decrease over time in the tax rate.

In celebrating this milestone achievement, I think it is important to also acknowledge the extraordinary contributions of so many people over the years of effort it took to make it happen. Although it is impossible to name them all, they have been an integral part of hundreds of public meetings attended by virtually all of our boards and commissions, the city council and dozens of community members. Among these many meetings, we must highlight the visioning session organized by the Urban Land Institute, at the instigation of the director of community planning and economic development of the City, Jim Snyder. At this key event, attendees laid out the collective vision of how the 10-acre property could be developed, which is on the verge of becoming a reality.

Also, great credit must go to City Manager, Wyatt Shields and City Attorney, Carol McCoskrie, and their staff for their dedicated and tireless efforts over the past two years to help make this all happen. produce. Likewise, I would like to acknowledge the role played by Falls Church News Press owner/publisher Nick Benton, who for over 30 years has been advocating for sensible business development in the city and more recently for this particular project.

In closing, let me once again express my thanks to all the people mentioned above and the hundreds of others who volunteered their time and effort to bring the West End project to this important point.

Jerry B. Hatch