Fairfax County plans to direct $3.5 million in unspent funds to Tysons for two projects expected to play an integral role in the area’s future.
The still-undefined and unnamed “Tysons Anchor Organization” could receive $2.5 million this fall if the fiscal year 2022 budget carryover package presented to the Fairfax County Board of Supervisors last Tuesday (Aug. 2) is approved.
Envisioned as a long-term, more sustainable replacement for the Tysons Partnership, the organization will support economic and community development as a nonprofit “designed to serve as a catalyst for the transformation of Tysons into an inclusive, vibrant, and globally attractive urban center,” according to the carryover package.
The county already allocated $125,000 in June for legal, planning and marketing work to establish the anchor organization. Those funds came from a $1 million Economic Opportunity Reserve grant that the board nominated Tysons Partnership for in 2020.
The anchor organization is currently on track to be in place this October.
“The carryover funding, if approved by the Board, would be available beginning in mid-October for the partial first year operating budget of the organization,” Providence District Supervisor Dalia Palchik’s office said.
The proposed carryover package also contains $1 million for the Tysons Community Center that will be included in the Arlington Partnership for Affordable Housing’s planned affordable housing at Dominion Square West (1592 Spring Hill Road).
If approved, the money will cover engineering consultant work, county staff time for project management, and a mechanical, electrical and plumbing peer review, though the overall design and construction is expected to be financed by Fairfax County Economic Development Authority bonds.
The county held community forums last month to gather the public’s input on what services and facilities should be available in the upcoming center.
Carryover refers to county funds that went unspent in one fiscal year and can be moved over to the next. The county has $199.61 million available from FY 2022, which ended June 30, thanks to higher-than-anticipated revenue, “continuing close management of agency spending and prolonged vacancy levels,” according to an Aug. 4 news release.
The Board of Supervisors will hold a public hearing and vote on the carryover package on Oct. 11.
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