2005 Session

Budget Bill - SB700 (Introduced)

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Old Dominion University

Item C-52.40

Item C-52.40

Old Dominion University is authorized to enter into a long-term lease with the Old Dominion University Real Estate Foundation (ODUREF) for the development of a multi-level parking garage within the East Side Village Redevelopment Area (University Village) adjacent to the main campus of the University in Norfolk.  The development of this additional parking is in accordance with the University's approved Master Plan, as well as the Hampton Boulevard Redevelopment Plan, approved by the City of Norfolk and the Norfolk Redevelopment and Housing Authority.  ODUREF will develop this parking structure as part of the necessary infrastructure of the University Village in support of planned university research activities, student housing, university-oriented entertainment and retail facilities, and a hotel.