CHARLOTTESVILLE, VA (CVILLE RIGHT NOW) – The Kindlewood project, a multi-year redevelopment of the former Friendship Court neighborhood, will be scaled back due to rising construction costs and questions over the value of tax credits, Charlottesville City Council determined Monday.
Originally planned to be 425 units in 2018, it will now aim for 385. No councilors objected to the revised plan during Monday’s meeting.
City Councilor Jen Fleisher told WINA Morning News the developer is adjusting to the reality that “the barriers are just really high, and a lot of them unexpected.”…