Thursday, December 19, 2013

Officials Break Ground for Pacific Boulevard; Celebrate Public-Private Partnership

Loudoun County officials joined with state officials and representatives of the Kincora development to break ground for Pacific Boulevard at the Kincora Fire and Rescue station located at 21130 Pacific Boulevard in Sterling.

The 1.5-mile extension of Pacific Boulevard will complete its connection to Russell Branch Parkway. This will create an uninterrupted thoroughfare from Route 606 near the Washington Dulles International Airport to Ashburn Village.

The Pacific Boulevard construction project was brought about by a proffer made by N.A. Dulles Real Estate Investor, LLC, the company behind the Kincora development, which is slated to include four million square feet of office space and 500,000 square feet of retail when completed. The $36 million Pacific Boulevard project is being financed by bonds issued by the Loudoun County Economic Development Authority to repay the Virginia Transportation Infrastructure Bank loan.

The Kincora developer applied for the VTIB loan through the EDA. Loudoun Board Chairman Scott K. York also held a ceremonial signing of the VTIB loan at the Pacific Boulevard groundbreaking event.

No comments:

Post a Comment