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Virginia Union pulls out of Richmond bank building project

Virginia Union pulls out of Richmond bank building project
Posted at 2:07 PM, Feb 27, 2019
and last updated 2019-02-27 23:31:40-05

RICHMOND, Va. -- Scrutiny surrounding a seemingly stagnant redevelopment project on Brookland Park Boulevard has prompted a Richmond university to sever ties with the venture.

Virginia Union University said it is no longer involved in Dixon/Lee Development Group’s plan to convert the former American National Bank Building at 201 W. Brookland Park Blvd. into a small-business development center that was planned to involve university resources and students.

Responding to inquiries from BizSense, VUU spokeswoman Pamela Cox provided a statement saying the university had decided to terminate the memorandum of understanding it signed with Dixon/Lee in 2017, and that it is assessing its relationship with the group and principal LaMar Dixon.

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