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