Mike May, Realtor 804.731.0111 Mike May, Realtor 804.731.0111
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Petersburg VA Real Estate: Fort Lee to see dramatic growth this summer

Posted By @ Oct 29th 2011 10:14pm In: Petersburg VA Real Estate

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The Base Realignment and Closure process will spur growth at Fort Lee this summer, and nearby Petersburg is expected to benefit from the influx of soldiers and their families.

Melissa Magowen, deputy to the garrison commander, told an audience of about 60 local government officials and business leaders to expect Fort Lee’s population to grow toward the target level of 45,000 next year from about 15,000 before the expansion began.

Although the post will provide some housing and other services, military families are expected to shop for homes and services in Petersburg as well. The boost to the local economy will help strengthen the housing market.

Read more in the Progress Index…



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