NEWPORT NEWS, Va. (WAVY) — Mayor McKinley Price delivered his annual State of the City address Tuesday — highlighting key developments for the city.
One of the developments included a major announcement for Newport News Shipbuilding.
McKinley said the shipyard will be working with Connecticut-based Electric Boat to build a new fleet of Columbia-class ballistic missile submarines for the Navy.
The shipyard will be investing more than $750 million in its facility, and will be creating 1,000 new jobs by 2025.
The city is also bringing new entertainment in the future. McKinley announced that Boathouse Live — a restaurant and live music venue — will be opening in the former Toby Keith space.
Mayor Price also discussed the plan to redevelop Ridley Place.
“It is the oldest part of the city, its probably the most neglected I think you can have that argument for that and we are looking at reinvesting and re-energizing that community,” Mayor Price said.
Price said the city has worked on a proposal to send to HUD. The hope is to get nearly $30 million in funds to turn the public housing community into a mixed income neighborhood. The plan also involves adding commercial property and workforce development.
The city will send its application by the end of the year.