RICHMOND, Va. -- Developers have more time to take advantage of an incentive program intended to encourage projects along Route 1 in Chesterfield.
The county Board of Supervisors voted last week to extend the expiration date of the Route 1 Revitalization Incentive Program, which provides performance-based grants for approved projects in the Route 1 corridor between the city limits and Old Bermuda Hundred Road.
To be eligible, projects have to align with the goals of the Northern Jefferson Davis Special Area Plan, a county plan that guides development and growth for the corridor, and represent a minimum investment of $10 million.
Development projects have to be located within the plan’s area, with projects situated at the crossings of Route 1 and Willis Road, Route 1 and Route 288 or Route 1 and Chippenham Parkway given priority consideration.
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