Radford City officials working to alleviate financial pressures

Radford city officials are pointing to signs of economic stabilization and potential growth opportunities, while acknowledging significant hurdles ahead. The city faces several financial pressures, including debt to Appalachian Power and a pending lawsuit with Pulaski County that could cost nearly $200,000 in annual tax revenue. The lawsuit centers around a 1978 tax revenue sharing agreement concerning a stretch of Route 11 in Fairlawn. Mayor David Horton said the city is stabilizing its financial picture through enhanced revenue sources and controlled spending. City officials are actively working to revitalize the west portion of Radford, with particular focus on the former foundry site being transformed into the West Radford Commerce Park.