Funding will support redevelopment projects in port host communities of Newport News and Norfolk
Governor Glenn Youngkin today announced $1.5 million in Port Host Communities Revitalization Fund (PHCRF) awards for the cities of Newport News and Norfolk. The two grants will redevelop the 39-acre Seafood Industrial Park dock in the city of Newport News and renovate the historic Riverview Theater in the city of Norfolk.
“Revitalizing derelict structures will not only stimulate job creation but also act as a driving force for fresh economic prospects in these port host communities,” said Governor Glenn Youngkin. “Through the Port Host Community Revitalization Fund, our investment is a step towards enhancing our infrastructure, bolstering our economy, and enhancing the lives of Virginians.”
The General Assembly allocated $1.5 million in Port Host Communities Revitalization Fund grants through 2023. This money will assist with the removal, renovation, or modernization of port-related buildings and facilities in Virginia’s five port host communities: the town of Front Royal, and the cities of Newport News, Norfolk, Portsmouth and Richmond.
“The heart of the Port Host Communities Revitalization Fund lies in its adaptability,” said Secretary of Commerce and Trade Caren Merrick. “This flexibility empowers us to address diverse needs within the port host communities, each with distinct needs and market-driven strategies for revitalization.”
“Both of these projects will make important investments that will help ensure our economy continues to grow in our Port Host communities,” said Director of the Virginia Department of Housing and Community Development Bryan Horn. “This program continues to be a key source of funding for these crucial projects that transform structures, communities and economies.”
For more information, visit dhcd.virginia.gov/phcrf.
2024 Port Host Communities Revitalization Fund Grants:
Seafood Industrial Park (SIP) Dock Improvements | $800,000
City of Newport News
The city of Newport News will improve the dock at the 39-acre Seafood Industrial Park, including the demolition of existing pier structures, the installation of a new system that will include shore power and water, as well as dredging to increase capacity for watermen.
Riverview Theater | $700,000
City of Norfolk
The city of Norfolk, in partnership with the Norfolk Economic Development Authority and a private developer, will renovate the historic Riverview Theater on Granby Street. The renovation will include theater and marquee improvements, as well as storm water and paving an adjoining parking lot. The renovated 500-seat theater will host live music, concerts, movies and theatrical performances, as well as serve as a private event venue for weddings, corporate events, fundraisers and festivals.
