In This Issue:
- Virginia Amends Historic Preservation Statutes.....Page 1
- Knowing When to Pull the Plug on a Construction Project...Page 2
- Excerpt from Virginia Amends Historic Preservation Statutes:
As many readers of this newsletter know, being owners of real estate in Virginia, and in particular those with interests in aging multifamily sites in certain progressive localities, the Code of Virginia delegates the authority to localities to be able to enact ordinances designating and mandating the preservation of private property where the locality finds a site has important historic, architectural, archeological or cultural interest. Once such a designation is made, localities can more or less prevent any modifications to the site without the locality first approving it....
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