"Insufficient due diligence," turnover in management and "inadequate in-house real estate expertise" were contributing factors to VCU Health's costly exit from an ill-fated downtown development, according to a third-party review presented Wednesday.
The report from the law firm that conducted a monthslong review found that the health system’s handling of the proposed redevelopment of the city’s Public Safety Building “followed a pattern of prioritizing mission, vision and values over financial terms.”