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Pharrell Williams kicked off his three-day Mighty Dream Forum in Norfolk on Nov. 1. Photo by Robyn Sidersky/Virginia Business.
Apr 5, 2024

Pharrell biopic musical to film in Va. this year

Virginia Beach-born-and-bred entertainment superstar Pharrell Williams will film a movie this spring and summer in Virginia based on his childhood, Gov. Glenn Youngkin announced Friday. There had been rumors about the musical film project, called “Atlantis” in movie trade publications recently, but Youngkin confirmed[...]

Fort Monroe Authority exec director to retire
Mar 29, 2024

Fort Monroe Authority exec director to retire

G. Glenn Oder is retiring as executive director of the Fort Monroe Authority in October, the authority announced Friday. Oder has led the FMA for the past 12 years after leaving the General Assembly, where he served as a state delegate from 2002 to 2012, representing the 94th District in the House of Delegates. “On [&helli[...]

Washington Wizards, Capitals reach deal to stay in D.C.
Mar 27, 2024

Washington Wizards, Capitals reach deal to stay in D.C.

The Washington Wizards and Capitals NBA and NHL teams are staying put in the District of Columbia and will not be moving to Alexandria, according to announcements from Washington, D.C., and Virginia officials Wednesday. These events put the final nail in the coffin of a controversial $2 billion Alexandria arena proposal touted b[...]

Pembroke Square starts phase 2 of mall redevelopment
Mar 25, 2024

Pembroke Square starts phase 2 of mall redevelopment

Pembroke Square will begin the next phase of demolition Monday on the former Pembroke Mall in Virginia Beach, as part of a $200 million mixed-use redevelopment project. The roof and columns of the mall’s structure will be removed at the northeast entrance, north of Kohl’s on the Constitution Drive side of the former [...]

Alexandria arena proposal economic impact report released
Mar 22, 2024

JBG Smith pledges 1,000 affordable housing units if arena passes

Developer JBG Smith pledged Friday to preserve 1,000 workforce-affordable housing units in Alexandria near the proposed sports arena and entertainment district, up from its previous promise of 500 units — upping the ante on the controversial project, which has one more chance to succeed this year. The $2 billion public-private[...]

Fifth District economy has moderate growth, Fed says
Mar 12, 2024

Fed’s Fifth District economy stays the course

Economic activity in the Federal Reserve’s Fifth District was little changed in recent weeks, according to the latest edition of the Federal Reserve’s Beige Book, released March 6. Published eight times per year, the Beige Book is based on anecdotal information about economic conditions gathered from the nation̵[...]

Youngkin: Va. Senate making ‘colossal mistake’ in rejecting arena
Mar 7, 2024

Youngkin: Va. Senate making ‘colossal mistake’ in rejecting arena

After news broke Wednesday that Virginia lawmakers had dropped all mention of the proposed Alexandria sports arena authority in their amended 2024-26 state budget, Gov. Glenn Youngkin responded Thursday by blasting the Democratic-controlled Virginia State Senate’s leadership, which has killed every opportunity for a floor [...]

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Mar 4, 2024

Virginians bet nearly $653M on sports in January

Virginians bet more than $652.87 million on sports in January, up 27.2% from January 2023, according to data released Friday by the Virginia Lottery. January’s handle is a 3.11% increase from December 2023, when Virginians bet about $633 million on sports. Virginia bettors won more than $578.5 million in January and more t[...]

Tourism: Game on
Feb 28, 2024

Tourism: Game on

According to the state government, visitor spending across Virginia surpassed $30 billion in 2022, exceeding 2019 expenditures by 4.4%. Nevertheless, business travel still hasn’t returned to pre-pandemic levels, particularly in Northern Virginia. But leisure travel is back and booming. Hotel revenues were up 13% statewide [...]

Va. college sports betting proposal off the books for another year
Feb 23, 2024

Va. college sports betting proposal off the books for another year

RICHMOND, Va. — Lawmakers struck out again with a proposal to allow betting on Virginia college sports teams. Virginia law since 2021 has allowed sports betting through casinos and online sports books like FanDuel and BetMGM, with the exception of wagers on state youth and college sports. Some legislators have gone to bat to c[...]

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Feb 22, 2024

Norfolk looks to renovate Scope, Chrysler Hall instead of building new arena

Norfolk no longer plans to build a new arena after Military Circle Mall is torn down, and instead is seriously considering renovating two city-owned venues downtown: the 53-year-old, 10,000-seat Scope Arena and the nearby 52-year-old Chrysler Hall, a 2,500-seat theater. “The participation of the public dollar that we would nee[...]

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Feb 21, 2024

GMU report: Arena project would produce 5,400+ affordable housing units

Updated Feb. 22, 2024 A study conducted by George Mason University’s Center for Regional Analysis found that the proposed $2 billion Alexandria sports arena and entertainment district supported by Gov. Glenn Youngkin would create more than 5,400 workforce-affordable housing units, far exceeding the city’s goals. The [...]

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