Aug. 9, 2024 –The City of Staunton has been awarded a $9 million grant by the Virginia Business Ready Sites Program (VBRSP) to fund infrastructure improvements at Staunton Crossing.
These funds will help pay for the construction of a 1-million-gallon water tower and water supply lines on the site, making it more appealing to potential developers.
“We are so excited to see Staunton Crossing recognized by the State as one of the top grant award recipients,” said Director of Economic Development Amanda DiMeo. “This grant award helps bring us to the site-development finish line and ready for business.”
Staunton Crossing is located at the junction of I-81 and I-64 and is the former site of Western State Hospital. The Economic Development Authority purchased the 300 acres in 2009, and the city has been preparing and marketing the site for future employers and manufacturers ready to call Staunton home.
“The development of this area will bring many more jobs to Staunton and continue smart growth for our beautiful city,” said City of Staunton Mayor Stephen W. Claffey. “The less than 10 percent of Staunton Crossing that has been developed already brings in more than $1 million in tax revenue each year.”
Crossing Way was completed earlier this summer. The VDOT-administered road project was grant funded and gave access to the remaining 275 acres of prime real estate.
Long-range development plans allow for a wide variety of users, including a combination of offices, medical facilities, manufacturing, and limited retail.
Staunton was one of 23 localities awarded across the Commonwealth, totaling $126 million. The VBRSP is administered by the Virginia Economic Development Partnership.
“A growing inventory of project-ready sites is a huge competitive advantage, and our investments in the Virginia Business Ready Sites Program were a big factor in Virginia being named America’s Top State for Business,” said Governor Glenn Youngkin.
