The rezoning would make the land more valuable than it is now, which real estate experts say is about $60,000 an acre. Developers frequently encounter opposition in Loudoun County, but the foundation believes it fits in well with the county's plan to control growth.
The site lies in the path of a planned rail line and bus transit system, says the foundation's attorney.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
