Falls Church businessman Bob Young, chair of the City’s quasi-independent Economic Development Authority, was voted unanimously as that body’s choice to get an appointment to the City Council-controlled Community Development Authority (CDA) that will oversee bond issuances to build vital infrastructure on the City’s massive 9.8 acre F.C. Gateway Partners project at the City’s West End.
The Council is expected to vote Monday authorizing the establishment of the CDA as well as to approve components of the mega-project’s special exception entitlement and site plans. Changes to the comprehensive agreement will be mostly limited to an additional 35,000 square feet (one additional floor to 15 stories) on the senior living building.
Robin Gotteral of the partners’ Hoffman Group told the F.C. City Council Monday that construction of the project is slated to get underway in the first quarter of next year pending approvals this coming week. The project will be “world class” with its transit-oriented boulevard designed to link Route 7 to the West Falls Church Metro station.
Currently the project is expected to add about $5 million in tax revenues annually for the City’s coffers, although the City is now upgrading its economic projection model to better anticipate how much will be coming.
