To authorize the Chief Administrative Officer, for and on behalf of the City of Richmond, to accept funds in the amount of $15,000,000.00 from the Commonwealth of Virginia, and to amend the Fiscal Year 2025-2026 Special Fund Budget by creating a new special fund for the Department of Economic Development called “CoStar Special Fund,” and appropriating the increase to the Department of Economic Development’s CoStar Special Fund by $15,000,000.00, for the purpose of funding the development of infrastructure at CoStar Realty Information, Inc.’s existing and planned facilities located at 501 South 5th Street and 600 Tredegar Street in the city of Richmond.

Committee

City Council

Introduced

October 16, 2025

On agenda

December 8, 2025

Passed

December 15, 2025

Where it was heard

City Council Dec 15, 2025 adopted Pass City Council Dec 8, 2025 Finance and Economic Development Standing Committee Nov 19, 2025 recommended for approval City Council Nov 10, 2025 introduced and referred

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