CHESAPEAKE, Va. (WAVY) - A locally-based Fortune 500 company has big plans that could bring new jobs and revenue to Hampton Roads.
The Virginia Beach Town Center breathed new life into the Pembroke area. The addition of shops, restaurants, and luxury living made the area a booming business center. Dollar Tree Incorporated wants to bring that same style and flavor to Chesapeake.
Dollar Tree Incorporated wants to build a "Town Center" type of development in the 70 acres around its headquarters off Volvo Parkway in the Greenbrier area. City officials say this development could rival Newport News' City Center at Oyster Point.
Several city council members say they are excited about the proposed development.
"It sounds like a wonderful project. We're really looking forward to working with them and the developer," said council member Rick West. "I think the best thing about it is we're not looking at having to invest tax payers money. This is a corporate-driven, market-driven project."
The retail giant's proposal includes 1,413 residential units, 500,000 square feet of retail space, one million square feet of office space, and 250,000 square feet for a hotel and civic area. The project would be built in phases over 35 years.
City council members say the project could save Chesapeake residents money in the future.
"It will obviously generate a lot more revenue," West said. "Certainly when a business community is generating revenue, we go to the tax payers less often."
The Planning Commission approved the "Town Center" project. City Council is expected to vote on the proposal September 17.
A company has been hired to complete the repairs to the Herbert C. Bonner Bridge on the Outer Banks, but how long those repairs will take remains unknown.
Drivers traveling between Hatteras Island and the mainland were forced to use an emergency ferry Wednesday, following the sudden closure of the Bonner Bridge Tuesday.
State officials say construction on a new Bonner Bridge has been delayed for years because of a legal battle with an environmental group.