This newsletter was updated on Sunday, July 10 to reflect that UVA and the UVA Foundation will retain the land that will be used for the housing projects. I was not fully clear that they would retain the land but the clarification has been made.
Yes - donating the use of the land is a better way to phrase it and will clarify at some point shortly. Similar to how the CRHA will own the land, but the new LLCs will own the buildings.
This newsletter was updated on Sunday, July 10 to reflect that UVA and the UVA Foundation will retain the land that will be used for the housing projects. I was not fully clear that they would retain the land but the clarification has been made.
I believe UVA is not donating the land, but is retaining ownership.
Yes - donating the use of the land is a better way to phrase it and will clarify at some point shortly. Similar to how the CRHA will own the land, but the new LLCs will own the buildings.
And it will help UVA to retain some rights, such as police access and land uses in the future.