Read the entire document including maps, etc at the US Army Corps of Engineers Norfolk District website.

… The purpose of the mitigation bank is to provide off-site compensatory mitigation for impacts to tidal wetlands that cannot be practicably avoided for City of Virginia Beach projects primarily in the Lynnhaven River Drainage basin. The goal of the bank is to create tidal mitigation credits that will only be available for City of Virginia Beach projects and potentially other State and Federal projects as allowable within the authorized service area. Credits from this bank will not be available to private entities.

And:

The Bank Sponsor proposes to restore 8.75 acres of tidal wetlands and 1.16 acres of shallow water habitat. The tidal wetlands restoration will include high marsh and low marsh habitat types, and the shallow water habitat restoration will include shallow water habitat and non-vegetated tidal flats. The restoration will be accomplished by removing dredge spoils to restore the tidal wetlands that were historically present, grading to appropriate elevations and planting appropriate tidal wetland vegetation.

Proposed Pleasure House Point Mitigation Bank