7.5% Boost in F.C. Property Assessment Hailed

With $250 million in new investment in real estate in the City of Falls Church over the last two years, due to the construction of the Lincoln and Rushmark large scale mixed use projects, the City has enjoyed a 7.5 percent increase in its overall real estate assessments of $3.4 billion, City Manager Wyatt Shields reported to a committee of the City Council that met last Thursday night. “With that rate of growth, we’ve outperformed the region,” Shields said.