Open work item in PB work tray
Acquire Falls Church Property
Virginia Polytechnic Institute and State University (208)
Request Title Acquire Falls Church Property
Project Code 18461
Project Type Acquisition
Biennium 2020-2022
Budget Round Initial Bill
Facility Other
Source Capital Budget Request
Infrastructure Element 2
Budget Bullet

Prpovides 9(d) bond authorization to acquire two parcels of property totaling 7.52 acres to purchase: 1) the Falls Church Center from the University of Virginia, and 2) land, owned by the City of Falls Church adjacent to the Falls Church Center. The Falls Church property will support the building construction program within the College of Architecture and Urban Affairs and existing programs in Old Town Alexandria will be consolidated. The debt service will be covered by proceeds from the sale of properties owned by the Foundation in Old Town Alexandria, Virginia which may be sold when the existing programs are consolidated in either Falls Church and/or the Innovation Campus.

Project Funding
Fund Type FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
GF $0 $0 $0 $0 $0 $0
NGF $0 $0 $0 $0 $0 $0
9C Debt $0 $0 $0 $0 $0 $0
9D Debt $11,080,000 $0 $0 $0 $0 $0
Tax Supported Debt $0 $0 $0 $0 $0 $0
Total $11,080,000 $0 $0 $0 $0 $0


p3_capview - Official Enacted Budget View Operating Bullet Details - 06-07-2025 11:31:12