NBC12 INVESTIGATION: What happens to mayor's Shockoe plan money? - NBC12 - Richmond, VA News

NBC12 INVESTIGATION: What happens to money allocated for mayor's Shockoe plan?

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There's now potentially $10 million for officials to allocate around Richmond. This comes because the mayor took his Shockoe development plan off the table.

NBC12 uncovered a document that details budget negotiations between the mayor's administration and Richmond City Council members. The last line in the agreement has become crucial for funding city projects.

This is the next step in the story of what happens to the funding that would've gone to the mayor's plan, which is now on hold. The caveat says, "If the Bottom plan is not supported by a majority," which is what happened last night, "then council and administration will meet to negotiate how this 10.1 will be reallocated."

"Although it is labeled Shockoe Bottom revitalization plan or something like that, at this point if there is no paper on the table, it is funding something that doesn't exist," explained Council President Charles Samuels.

Council members are already thinking about it. Immediately Tuesday night, they asked Samuels to review the agreement. Now, they'll have to negotiate among themselves and then with the mayor to decide how to use those dollars.

The money can't go to general fund expenditures like raises, but only to capital improvement projects, so the list of member priorities they weren't able to fund might now get a second look. They are problems important to many Richmonders, including storm water drainage issues, aging sidewalks that need to be improved and made ADA compliant, road projects and even school renovations.

"If the administration and council agree to reallocate the money for a different purpose, then it may be spent immediately," Samuels said.

There's no timeline written in the agreement for how long the city has to negotiate the reallocation of the funds.

A spokesperson for Mayor Dwight Jones says at this point there have been no discussions on this topic.

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