Gov. Ralph Northam announced Tuesday that $1 million in Port Host Communities Revitalization Fund (PHCRF) grants will go toward three projects in Hampton Roads including revitalizing the vacant 57,792-square-foot Willis Building in Norfolk, making updates to the Menchville Marina to aid the state’s oyster industry and redeveloping the 51-acre Lovett Point property in Portsmouth for industrial use.
“With these three projects, we are making important investments that will help ensure our global economy continues to flow through Hampton Roads,” Northam said in a statement. “Transforming poorly functioning and unused structures not only promotes job growth and new opportunities, it will also improve the quality of life for all those who visit, live, and work in these communities.”
The funding, which was allocated by the General Assembly for fiscal year 2021, requires a 100% match from public or private sources. Eligible properties are those that may be redeveloped for any market-driven purpose.
