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Report: Snyder agrees to $6B sale of Commanders
Washington Commanders owner Dan Snyder has agreed to sell the Ashburn-based NFL team for a record-breaking $6 billion, according to several news reports Thursday. The buyers are a group of investors that includes NBA legend Magic Johnson and is led by two Maryland billionaires, Apollo Global Management co-founder Josh Harris and Danaher Corp. co-founder Mitchell […]
Squirrels president is worried over ballpark timeline
The Richmond Flying Squirrels are worried that a new stadium may not be ready by April 2025 as needed to meet new Major League Baseball regulations, according to the Minor League Baseball team’s president and managing partner, Lou DiBella. In a statement Tuesday, DiBella said that there has been “very little progress” from the city […]
Shoring up
Williamsburg, Jamestown and Yorktown are all significant parts of the nation’s foundation, and historic tourism drove the region’s economy during the 20th century. But Colonial Williamsburg hasn’t been enough to keep big crowds coming to the area consistently in the 21st century, even before the pandemic. Visitation dropped from 960,000 in 1999 to 534,000 in […]
ESPN: Snyders receive two $6B bids for Commanders
Updated 2 p.m. March 28 ESPN reporter Adam Schefter reported Tuesday that a group of investors led by Josh Harris and Mitchell Rales and including NBA legend Magic Johnson has submitted a $6 billion bid for the Washington Commanders, meeting the asking price of team owner Dan Snyder. Later in the day, Schefter tweeted that […]
ASM Global to develop, run GreenCity arena in Henrico
ASM Global will develop and operate the 17,000-seat arena at Henrico County’s $2.3 billion GreenCity development, county officials announced Monday. Billed as what will be the nation’s greenest arena with net-zero energy impact, the venue is set to be part of a multiuse community with a focus on environmental sustainability at the intersection of Interstates […]
Skip Barber Racing School relocating to Halifax County
Skip Barber Racing School will relocate from Connecticut to Halifax County, building an $8.9 million performance driving school at the Virginia International Raceway (VIR) that’s expected to create 24 jobs, Gov. Glenn Youngkin announced Tuesday. VIR will build a 25,000-square-foot facility to be leased to Skip Barber Racing School for the operation at VIR’s onsite […]
Report: Bezos, Jay-Z could buy Washington Commanders
Could Beyoncé become a regular presence at Washington Commanders games? It’s within the realm of possibility. According to The Washington Post, Amazon.com Inc. founder and Executive Chairman Jeff Bezos and billionaire rapper Jay-Z (Beyoncé’s husband) may team up to buy the Ashburn-based NFL team, currently owned by Dan and Tanya Snyder. On Wednesday, the Commanders […]
Dan Snyder may sell Washington Commanders
Daniel and Tanya Snyder are considering selling the Washington Commanders, the Ashburn-based NFL team announced Wednesday. They have hired Bank of America Securities “to consider potential transactions,” according to a news release. Dan Snyder has been under increasing pressure to sell the team in recent weeks, as both he personally and the team’s head office […]
Surf’s up for Chesterfield’s The Lake
It took a lot to make The Lake happen. Developer Brett Burkhart had to nail down $323 million in financing, obtain a slew of permits and get Chesterfield County to offer performance grants or tax rebates. That took seven years, but he finally got it done, and clearing is underway on the 105-acre site on […]
UPDATED: Richmond picks Diamond District development team
Updated Sept. 15 The city of Richmond announced Monday it has selected a joint venture including Richmond-based Thalhimer Realty Partners to build a new baseball stadium for the Richmond Flying Squirrels, as well as a mixed-use development surrounding the stadium, revitalizing the area into a new neighborhood to be known as the Diamond District. The […]
Richmond Raceway names new president
When Lori Collier Waran was a young girl, she spent a lot of time around Richmond Raceway. Her grandparents lived just blocks away and her grandfather would volunteer to park cars so he could watch races. Sometimes Waran tagged along, too. “The raceway was sort of my playground,” she recalled. Now, the raceway will be […]
Capital One inks $125M MLB sponsorship deal
Tysons-based Capital One Financial Corp. has signed a deal reportedly worth $125 million to become the official bank and credit card partner of Major League Baseball and the presenting sponsor of the World Series, Capital One and Major League Baseball announced Monday. CNBC reported the deal is worth $125 million over five years. The Fortune […]
