Manassas Park will be using a combination of payment from the sale of land, proffers, and tax revenue to offset costs for the new downtown development project.
The city is making plans to develop a large area of land between Manassas Drive and the Virginia Express Railway (VRE) station in the hopes that it will gain more revenue by attracting both new residents and consumers to the area.
While finances for every project has not yet been released, a presentation made by City Manager Laszlo Palko does explain how Manassas Park will finance building a city hall building, which is also part of the new development. The structure of the deal offers a look into how the city may accomplish this feat.
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