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Va. casinos report $57M in October revenue
Gaming revenues for Virginia’s three casinos totaled $57.04 million in October, according to data the Virginia Lottery released Friday. Last month, the temporary Bristol Casino: Future Home of Hard Rock reported about $13.41 million in adjusted gaming revenues (wagers minus winnings), of which about $11.16 million came from it[...]
Specialty coils manufacturer to expand in Chesterfield
Super Radiator Coils, an engineering and manufacturing company based in Minnesota, will invest $22 million to expand in Chesterfield County, creating an estimated 160 jobs, Gov. Glenn Youngkin’s office announced Friday. The company will upgrade machinery and add about 80,000 square feet to its existing approximately 160,000-sq[...]
American Diabetes Assoc. chair tackles disease’s workforce impact
More than 780,000 adults in Virginia have diabetes. The indirect cost from lost productivity due to the disease in 2017 in this state alone was a whopping $2.3 billion, according to the American Diabetes Association. That’s why Rhodes Ritenour, national chairman of the ADA’s board and vice president for external and [...]
After two years, VCU Health makes Levy permanent CEO
Two years after he first became interim CEO, Dr. Marlon F. Levy has been named VCU Health System’s permanent head. Virginia Commonwealth University announced Monday that Levy’s interim roles as the Richmond-based health system’s CEO and senior vice president for VCU Health Sciences were made permanent in appoin[...]
Va. will hold 2 special elections to fill empty state Senate seats
Updated Nov. 10 Two Virginia State Senate seats are now open, with the election of state Sens. John McGuire, R-Goochland, and Suhas Subramanyam, D-Loudoun, to the U.S. House of Representatives this week, so the state will hold special elections to fill those seats in districts 10 and 32 ahead of the Virginia General AssemblyR[...]
Petersburg casino passes with 81% of unofficial vote
Updated Nov. 6 More than 80% of Petersburg voters said yes to the city’s casino referendum, according to unofficial Election Day results from the Virginia Department of Elections, as of 9:45 p.m. Tuesday. The vote gives a green light to Cordish Cos.’ $1.4 billion Live! Casino & Hotel, set to be built on an undeve[...]
Carpenter notches acquisition No. 3 with Casper buy
Richmond-based international foam producer Carpenter has acquired omnichannel bedding brand Casper Sleep. Under the agreement, Casper will operate as a subsidiary of Carpenter. This marks the third acquisition Carpenter has made in the past 16 months. In November 2023, Carpenter acquired North Carolina-based NCFI Polyurethanes.[...]
LL Flooring CEO resigns, effective immediately
LL Flooring President and CEO Charles E. Tyson has resigned effective immediately, the Henrico County flooring company formerly known as Lumber Liquidators announced in a Securities and Exchange Commission document released Friday. The move is not exactly a surprise, coming several weeks after Thomas Sullivan, Lumber Liquidators[...]
Thalhimer now sole principal for Diamond District redevelopment
Loop Capital is no longer affiliated with the development partnership working on the mixed-use development component of Richmond’s $2.4 billion Diamond District project, leaving Thalhimer Realty Partners as the development team’s sole principal. The partnership, a limited liability company named Diamond District Partners[...]
FOR THE RECORD NOVEMBER 2024
CENTRAL VIRGINIA Altria Group and Virginia Commonwealth University are discussing the possibility of the university buying the 450,000-square-foot Altria Center for Research and Technology in downtown Richmond, the two parties acknowledged in October. The East Leigh Street building is assessed at $275 million. If the deal comes to fruition, Altria plans to build a new […]
Raleigh-to-Richmond rail project gains steam
Preliminary construction is underway for the Richmond-to-Raleigh passenger rail project, an estimated 162-mile route along the defunct CSX Transportation S-Line corridor that will speed up travel between the capitals of North Carolina and Virginia, as well as Washington, D.C., and the Northeast U.S. “We have basically funded w[...]
Powhatan approves $2.7B data center campus
Powhatan County has approved an estimated $2.7 billion data center campus on 119.9 acres partly bordering Chesterfield County. The county’s board of supervisors voted 3-2 during its Oct. 28 meeting for a rezoning and a conditional use permit allowing the proposed development to move forward. The developer, Newport Beach, Calif[...]
