RICHMOND, Va. (WRIC) — The first project in Richmond’s Commercial Property Assessed Clean Energy (C-PACE) program will redevelop the former Dominion Energy tower into a hotel, restaurant and apartments.
According to a city spokesperson, through C-PACE, eligible property owners can finance energy efficiency, renewable energy, flood proofing, and other projects on their property through a fixed-rate loan that is placed as a lien on their property tax assessment.
Richmond was reportedly the 9th local government in Virginia to officially launch the program…