County to issue garage bonds
The Fairfax County Board of Supervisors has unanimously approved issuing up to $110 million in bonds to help pay for a 2,300-space underground parking garage and related facilities at the future Wiehle Avenue Metro station in Reston.
The bonds would support a public-private partnership with developer Comstock Partners the board approved in June.
Comstock plans to build apartments, shops and office space in a 980,000-square-foot complex above the garage. It will build the parking and kiss-and-ride areas and bus bays for the county.
The county expects to recoup the estimated $90 million cost of the parking garage over time through parking fees and Comstock's lease of the property.
Comstock plans to build apartments, shops and office space in a 980,000-square-foot complex above the garage. It will build the parking and kiss-and-ride areas and bus bays for the county.
The county expects to recoup the estimated $90 million cost of the parking garage over time through parking fees and Comstock's lease of the property.
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