Supervisors sign off on Kincora proffer amendments
In April the Commonwealth Transportation Board adopted a resolution to approve Kincora's loan for up to $36 million for transportation improvements from the Virginia Transportation Infrastructure Bank (VTIB). The loan will be issued through Loudoun's Industrial Development Authority (which has since been re-named the Economic Development Authority).
Kincora is expected to reimburse the county for constructing a four-lane divided section of Gloucester Parkway from Route 28 to Loudoun County Parkway.
Supervisors have noted these are “critical transportation links” meant to improve the transportation network around Ashburn.
Supervisor Eugene Delgaudio (R-Sterling) cast the lone opposing vote. Delgaudio said he can't support the county loaning Kincora money to build roads and jump-start their project.
But Supervisor Ralph Buona (R-Ashburn) said “the application allows [the county] to start construction of Gloucester Parkway from Loudoun County Parkway to Rt. 28 at Nokes Boulevard in 8-12 months. The alternative is 10 to 15 years.”
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