The Arlington County Board approved last month an agreement to grant Virginia Hospital Center (VHC) an option to purchase county-owned land. This agreement, reached at the board’s December meeting, will allow VHC to expand onto 5.5 acres.
As part of the new agreement, VHS will pay the board a non-refundable $100,000 fee as consideration for the option to purchase. VHC has 48 months to purchase the property from the county at market value, a minimum of $12.56 million. By the agreement, payment may be by both cash and land.
As part of the purchase agreement, the county has the option to acquire property on South Carlin Springs Road. The county manager will report back to the board in February to propose a public process that would result in a May 2017 meeting to recommend if the county should acquire the new property and how the property should be utilized.