City Falls Behind in Payments to Economic Agency 

The old cash management policies of Richmond's former Acting Chief Administrative Officer Harry Black are leaving the region's leading economic development agency scrambling for cash, City Council President Bill Pantele says.

The city pays the Greater Richmond Partnership $390,000 yearly, spread over quarterly installments. But it appears the Wilder administration has withheld as much as half that amount so far in fiscal year 2008, Pantele says.

The partnership arose from recommendations of consultant Jim Crupi's first report 15 years ago. "The vast majority of that [Crupi] report dealt with the need to have a regional vision," Pantele says, calling the partnership "a regional success."

Greg Wingfield, president and CEO of the partnership, says he's received no indication from the city administration that the city doesn't plan to pay, but simply has a "timing issue" with regard to cash flow.

"To us it's not a biggie," Wingfield says. "We're working with the city to make sure we get caught up on the payments."

Pantele, however, isn't satisfied: "So what sort of message does it send when the administration is not present and does not pay an assessment that [City Council has] budgeted?"

  • Click here for more News and Features
  • Favorite


    Subscribe to this thread:

    Add a comment

    More by Chris Dovi

    Connect with Style Weekly

    Newsletter Sign-Up

    The Flash
    The Bite
    The Scoop

    Most Popular Stories

    • Off the Chain

      Off the Chain

      Why this food writer always chooses local over corporate.
      • Jun 18, 2019
    • Chain of Thought

      Chain of Thought

      Food writers examine the role of corporate-owned restaurants in the local dining scene.
      • Jun 18, 2019
    • French Fry Frenzy

      French Fry Frenzy

      When it comes to fast food, who delivers the superior fried side?
      • Jun 18, 2019
    • Top of the Food Chain

      Top of the Food Chain

      While we unequivocally adore Richmond’s hyper-local dining scene, these food writers shamelessly share what they love about their favorite chain restaurants.
      • Jun 18, 2019
    • More »

    Copyright © 2019 Style Weekly
    Richmond's alternative for news, arts, culture and opinion
    All rights reserved
    Powered by Foundation