Albemarle Supervisors approve $2.5 million in infrastructure funding for Barnes Lumber project
The Albemarle Board of Supervisors has agreed to spend an additional $2.5 million in public money on a public-private partnership to redevelop the Barnes Lumber yard in Crozet to provide the infrastructure for a more urban character.
Supervisors had previously agreed to the partnership in 2019. The original agreement required the county to pay $1.6 million toward the plaza and to provide the equivalement amount in tax rebates through a synthetic tax increment financing scheme.
Doug Bates is on the board of the Downtown Crozet Initiative, a nonprofit group also working toward the effort.
“For the last five years, we have engaged in an aspirational dream out in Crozet, hoping for a plaza,” Bates said. “A couple years back that dream began to get some real teeth to it when you as a Board acted to develop an agreement between New Town Associates, DCI, and yourself, the county itself.”
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