ALEXANDRIA, Va. - The Alexandria City Council has approved a far-reaching plan to redevelop the Beauregard area.
The Washington Post ( http://tinyurl.com/d48nses) reports the Council voted Saturday to allow five developers who own 5,000 apartments in the area to tear down half of them and rebuild more expensive rentals. The vote followed an all-day public hearing.
The city negotiated a deal that will provide 800 units of guaranteed affordable housing for the next 40 years in exchange for an additional 2.4 million square feet of development. The developers will also pay $66 million for traffic improvements, $11 million to build a city fire station, and more than $12 million for recreation and other public amenities.
The plan drew opposition from some residents who said they were being forced out of their homes.
Information from: The Washington Post, http://www.washingtonpost.com
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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