
The I Love CVille Network is a digital media and podcasting platform owned and managed by @JerryMillerNow and @TheMillerOrg.
406 E Market St., Suite 102, Charlottesv…
Joined January 2013
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🚨 “It’s hard for this not to feel like a mugging.” — Albemarle County Supervisor Michael Pruitt on UVA Health’s purchase of the former State Farm campus on Pantops.
💰 $48.3 million purchase. $37.7 million net cost. Approximately $331,000 in potential annual property tax revenue at stake.
Pruitt told @JerryMillerNow of The @iLoveCVilleVA Network he learned about the deal the morning of its announcement.
“While I’m always excited to hear of more jobs coming to my district and better health services, it’s hard for this not to feel like a mugging as far as it affects our revenues and economic development outlook,” he said.
🏢 The campus:
• Approximately 365,000 square feet
• Approximately 55 acres
• More than 1,200 parking spaces
• Reported assessed value: $37 million
The $37.7 million net acquisition cost reflects a reported $10.6 million payment tied to early termination of the previous tenant’s lease obligations.
🏥 UVA Health plans to create a major outpatient healthcare destination, anticipating a 2028 opening. The project could expand services, create jobs and free space at University Hospital for inpatient care.
🏛️ But there’s a taxpayer question.
The anticipated owner is UVA Health System, rather than the UVA Foundation. If fully tax-exempt, the property could leave Albemarle County’s taxable real estate rolls.
Approximately $331,000 in annual property tax revenue could be affected—about $3.31 million over 10 years, assuming an unchanged assessment, tax rate and full exemption.
The actual impact depends on final ownership, taxable assessment and confirmed exemption status.
🔴 How would Albemarle replace lost revenue?
🔴 Will new jobs and economic activity offset the loss?
🔴 What demands will the campus place on Pantops roads and public services?
💬 How should Albemarle balance expanded healthcare access with protecting its commercial tax base?
The I Love CVille Show With Jerry Miller, 12:30 pm, Monday - Friday. 📺 🎙️ 💡
#iLoveCVille #CVille #UVA #CharlottesvilleVA #DealBroker – at Charlottesville, VA
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🚨 BREAKING NEWS | JERRY MILLER EXCLUSIVE 🚨
UVA HEALTH PURCHASES FORMER STATE FARM CAMPUS ON PANTOPS FOR $48.3 MILLION — NET COST REDUCED TO $37.7 MILLION!
Multiple sources confirmed to Jerry Miller of The @iLoveCVilleVA Network that UVA Health purchased the former State Farm campus on Pantops.
The transaction represents one of the most consequential commercial real estate acquisitions in the Charlottesville and Albemarle County market.
💰 THE $48.3 MILLION DEAL — AND THE $37.7 MILLION NET PRICE
The gross purchase price was $48.3 million. However, a payment from the previous tenant/lessee to terminate its lease early reduced UVA Health's net purchase price to $37.7 million.
That's a $10.6 million difference between the gross purchase price and UVA Health's reported net acquisition cost.
🏢 THE PROPERTY BY THE NUMBERS
Gross purchase price: $48.3 million
Net purchase price: $37.7 million
Building space: Approximately 365,000 square feet
Campus: Approximately 55 acres
Parking: More than 1,200 spaces
Gross price per square foot: Approximately $132
Net price per square foot: Approximately $103
Location: 1500 State Farm Boulevard, Pantops, Albemarle County
A MAJOR NEW CHAPTER FOR PANTOPS
The former State Farm operations center has been a prominent fixture in eastern Albemarle County for decades. State Farm announced the closure of its local operations center in 2020, leaving the future of this enormous commercial property uncertain.
The campus previously sold in 2014 for a reported $72.9 million, making UVA Health's newly announced acquisition particularly noteworthy.
🏥 WHAT WILL UVA HEALTH DO WITH THE CAMPUS?
UVA Health plans to transform the property into outpatient healthcare facilities, with an anticipated opening around 2028.
The acquisition creates opportunities for expanded patient services, new healthcare employment, and significant redevelopment activity on Pantops.
It also raises important questions about traffic, infrastructure, surrounding businesses and the long-term economic impact on Charlottesville and Albemarle County.
THE BIG QUESTION:
How will UVA Health's acquisition reshape Pantops, and what medical services should be prioritized at the former State Farm campus?
The I Love CVille Network will continue following the redevelopment, future investment, employment opportunities and economic implications of this major transaction.
The I Love CVille Show With Jerry Miller, 12:30 pm, Monday - Friday. 📺 🎙️ 💡
#iLoveCVille #CVille #UVA #UVAHealth #CharlottesvilleVA #AlbemarleCounty #Pantops #CommercialRealEstate #BreakingNews #DealBroker
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$545 Downtown Mall Office For Rent:
Monthly Rent: $545
Security Deposit: $545
Location: The Downtown Mall
Windows: Yes
Utilities Included: Electric, Water
Waiting Room & Conference Room: Yes
Access: 24/7, private, secure, elevator
Setup Tour: Text, DM or Email me
Email: [email protected]
Phone: 434-981-2942
#CVille #CharlottesvilleVA #UVA #iLoveCVille – at Charlottesville, VA
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Commercial space no longer available; 3-year lease secured. ~ @TheMillerOrg @iLoveCVilleVA 📄 ✍️
#CVille #CharlottesvilleVA #UVA #iLoveCVille – at Charlottesville, VA
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🚨 Albemarle County Public Schools sex scandal: Who is the insurance company really protecting — our children or the school system?
💰 Follow the money. Follow the insurance. Follow the investigation.
A troubling new question is emerging in the Albemarle County Public Schools scandal: Is the insurance-funded investigation designed to uncover the truth — or protect ACPS from lawsuits?
According to information shared with The @iLoveCVilleVA Show, School Board member Bob Beard allegedly suggested that insurance would cover the school division’s legal expenses and that it was no big deal.
But here’s what Albemarle County taxpayers need to understand.
🔴 1. Insurance doesn’t mean free.
ACPS reportedly participates in VAcorp, a self-insurance risk pool serving Virginia school divisions and local governments.
That means legal expenses and liability claims could ultimately affect the costs borne by participating public entities.
Taxpayers may still pay the price through future contributions, premiums or other financial consequences.
🔴 2. Who is the investigation really serving?
An insider familiar with the situation raised a provocative possibility in correspondence with The I Love CVille Network:
What if the insurance provider is funding the investigation primarily to defend ACPS against potential legal claims?
If that’s the case, the investigation could serve a very different purpose from the independent, transparent accounting parents and taxpayers are demanding.
An investigation designed to defend against liability is not necessarily an investigation designed to deliver public accountability.
🔴 3. Will the public ever see the full truth?
Insurance providers have legitimate reasons to investigate potential liability.
But investigations conducted for legal defense purposes may involve confidentiality and attorney-client privilege.
That raises serious questions:
❓ Who selected the investigators?
❓ Who controls their findings?
❓ Will the complete report become public?
❓ Could evidence of administrative failures remain confidential?
❓ Are taxpayers financing an investigation whose findings they may never see?
⚠️ Here’s the biggest question:
If ACPS is relying on its insurance provider to fund an investigation into its own potential failures, how can the public be assured that the investigation is genuinely independent?
Parents deserve answers. Students deserve protection. Taxpayers deserve transparency.
Insurance funding alone does not establish that an investigation is compromised or that anyone intends to conceal wrongdoing. But the financial arrangements, investigative scope and disclosure commitments deserve public scrutiny.
🎙️ What do you think?
Should Albemarle County Public Schools commission a completely independent investigation with a commitment to release its findings publicly, subject to legally required protections for students and victims?
The I Love CVille Show With Jerry Miller, 12:30 pm, Monday - Friday. 📺 🎙️ 💡
#iLoveCVille #CVille #UVA #CharlottesvilleVA #DealBroker
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