Short Pump Town Center Community Development Authority v. Hahn

In this action, the circuit court invalidated a bond issuance approved by the Short Pump Community Development Authority (“CDA”) for the purpose of financing certain infrastructure improvements in conjunction with the development of a retail shopping mall to be known as the Short Pump Town Center (“the Center”). Because we conclude that the CDA is not an entity authorized to bring this bond validation action under the Public Finance Act of 1991, Code §§ 15.2-2600 through -2663, we will vacate the judgment of the circuit court and dismiss the action.

FACTS AND MATERIAL PROCEEDINGS

The Center is…