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Averett gets OK to proceed with North Campus sale
Averett University won bondholder approval for an $18.15M North Campus sale-leaseback to help stabilize its finances.
Virginians wagered $510M on sports in August
Virginians bet about $510.2 million on sports in August, up 22% from 2024. It generated nearly $8.7M in taxes
Danville invests $3 million to prep Coleman site
In July, Danville City Council members OK’d an infusion of funding for 158 acres on Gypsum Road known as the Coleman site, which is being readied for industry. In July, council members unanimously agreed to move $3 million from the city’s gas fund to its economic development fund to meet grant matching requirements. City officials […]
Virginia housing sales remained flat in August but prices rose
Virginia Realtors reports that the state's housing market sales remain essentially unchanged from last year’s August numbers.
Virginia casinos report $84.8M in August revenue
August gaming revenues from Virginia’s three casinos totaled $84.8 million, up $90,000 from July according to a Virginia Lottery report.
Virginia casinos report $84.7M in July revenue
July gaming revenues from Virginia’s three casinos totaled $84.7 million, up $6.2 million from June according to the Virginia Lottery.
$10M fulfillment center planned at ex-military tank museum
MerryGoRound will invest more than $10M to establish a live commerce division in Pittsylvania County, creating more than 200 jobs.
Averett plans $18.15M sale-leaseback of North Campus
Averett University, which is weathering a financial crisis, seeks bondholder approval of an $18.15M sale-leaseback of its North Campus
Judge orders Averett dispute to arbitration
Averett University must resolve its $20M endowment dispute with ex-CFO and investment firm GSIS through arbitration, per federal court order.
Reshoring manufacturing is one of President Donald Trump’s priorities
President Donald Trump wants manufacturing jobs to return to the U.S., but it's not as simple as that, experts say
Virginia casinos report $85.4M in May revenue
May gaming revenues from Virginia’s three casinos totaled $85.39 million, according to a June 13 report from the Virginia Lottery.
Danville’s River District Association CEO resigns
Diana Schwartz is resigning as CEO of Danville’s River District Association, effective June 5.
