Va. transportation board OKs stricter oversight for economic development fund

The Commonwealth Transportation Board on Wednesday accepted regulation changes outlining how funds from the state’s Transportation Partnership Opportunity Fund will be allocated, giving state lawmakers additional time to review the proposals.

Since 2005, the fund, a flexible economic development tool, has invested over $644 million as of Jan. 31 to support major projects, including transportation improvements for the LEGO manufacturing plant in Chesterfield County and enhanced access near Wallops Island for the state’s aerospace …