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VCU advances its Diamond District plans
Virginia Commonwealth University was expected to wrap up deals by the end of 2025 for the Richmond Economic Development Authority to buy VCU’s aging Sports Backers Stadium and for its Rams baseball team to play at the forthcoming CarMax Park stadium. VCU, the City of Richmond and Navigators Baseball, which owns the Richmon[...]
Centra’s $600M+ capital upgrades include new hospital tower
What’s expected to be a three-year, $400 million construction project is underway at Centra Lynchburg General Hospital (LGH). A new six-story tower will add 266,200 square feet to the hospital and marks the biggest portion of more than $600 million in recent capital investments by Centra Health, a regional nonprofit health[...]
Bristol hopes for bigger share of casino tax
The Hard Rock Hotel & Casino Bristol this November marked its first year in its permanent facility — a milestone that the city’s mayor says prompted officials to move ahead with trying to change how tax revenue from the casino is divided. “We’re excited to have them here,” says Mayor Becky Nave, “but we j[...]
FOR THE RECORD December 2025
Central Virginia Pharmaceutical giants AstraZeneca, Eli Lilly & Co. and Merck & Co. have committed a cumulative $120 million to develop a workforce training center for advanced pharmaceutical manufacturing in Central Virginia. The companies, each of which plans to build major manufacturing facilities in Virginia; the s[...]
Virginia casinos report $82M in October revenue
October gaming revenues for Virginia’s three casinos totaled $82.1 million, according to data the Virginia Lottery released Friday.
Virginia Intermont College campus owner modifies plans
The owner of the former Virginia Intermont College in Bristol plans a new four-year school and mixed-use redevelopment for the site.
Roanoke remembers Hurricane Juan’s 1985 toll
Forty years ago, remnants of Hurricane Juan dumped buckets of rain on the Roanoke Valley for days. Then, on Election Day, the area received 6.6 inches over a few hours. The Roanoke River rose to more than 23 feet. The 1985 flood claimed 10 lives in the valley. An economic price was also paid. “In […]
Newport News airport shifting beyond commercial flights
Following years of declining commercial air travel, the Newport News-Williamsburg Airport is expanding its focus from traditional passenger service to emerging aviation and aerospace uses. In May, Newport News City Council authorized $4 million to sustain the airport as it prepares to transform into a site-ready air commerce par[...]
Digital Gateway opponents score legal win
A Virginia judge voided the rezoning for the $500M Prince William Digital Gateway project, siding with residents who sued over transparency.
Federal funding repeals could halt rural broadband expansion
The much-heralded broadband expansion efforts in Southwest Virginia may not come to fruition after all. Virginia lawmakers and broadband advocates are facing a wave of uncertainty in the wake of a repeal of federal funding meant to close the digital divide in underserved communities, including many of the rural counties in South[...]
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. [...]
Data centers stir debate in Frederick
After rejecting two major data centers, Frederick County supervisors back a fact sheet to study impacts on land, utilities, jobs and revenue.
