Richmond's new 'stadium district' will include hundreds of homes, offices, jobs

The city is planning for a neighborhood revival in the area around a new baseball stadium.

1 minute read

April 9, 2026, 6:00 AM PDT

By Diana Ionescu @aworkoffiction


Fans walking away from Flying Squirrels minor league baseball stadium in Richmond, Virginia at night.

The Flying Squirrels home stadium until 2025, when the new CarMax Park opened. | ArtByArthur / Shutterstock

City officials in Richmond, Virginia hope a new Minor League Baseball stadium and event venue will serve as the anchor of a vibrant mixed-use 'Diamond District,' reports Brendan King for CBS 6 Richmond.

The planned development, a private-public partnership, will include 161 middle-income housing units and 730 market-rate units. The city sold roughly $130 million in bonds to finance the construction of CarMax Park and spent $40 million in city and state funding on adjacent infrastructure. Richmond director of economic development Angie Rodgers said the stadium alone is expected to net $430 in revenue over 20 years after the bonds are paid off.

Tuesday, April 7, 2026 in CBS 6 Richmond

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