A proposal to create an interchange at Interstate 295 and Meadowville Road in Chesterfield County has been approved by the Virginia Department of Transportation and advertised for construction bids. The interchange should open by late 2011.

The interchange will allow easy access to the recently built Meadowville Technology Park. Officials say the interchange will make the 1,300-acre park more attractive to major companies and could result in around 7,000 jobs for the region. The projected boost to the local economy would likely have a positive impact on area home values.

Read more in the Richmond Times-Dispatch....