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Port of Virginia nears finish of $450M dredging project
Seven years after the Port of Virginia launched a $450 million dredging project to become the deepest and widest harbor on the East Coast, the massive endeavor will be completed by the end of this year as the shipping channels are dredged to 55 feet deep. The port, which is coming off two consecutive years […]
Trump coal policy changes could boost Southwest Virginia
Southwest Virginia officials say President Donald Trump’s executive orders aimed at revitalizing the United States’ struggling coal industry will be a boon to the region. This spring, Trump signed the “Unleashing American Energy” series of executive orders, which lifted barriers to coal mining on federal lands, a[...]
Transco pipeline to expand for Virginia power demand
In May, Tulsa, Oklahoma-based energy company Williams announced an expansion of its Transcontinental Gas Pipe Line, a move designed to help meet Virginia’s voracious appetite for power. Currently extending 10,000 miles from South Texas to New York, the pipeline, better known as Transco, will be expanded to carry an additio[...]
The Lake surf park, retail hub rises in Chesterfield
The Lake development in Chesterfield County is starting to shore up. The 105-acre mixed-use development will include a surf park as well as commercial, hotel and residential properties. The centerpiece of The Lake will be a 13-acre artificial lake with a tow cable for wakeboarding, kayaking, standup paddle boarding and other wat[...]
AstraZeneca plans multibillion-dollar pharma factory in Virginia
AstraZeneca plans to construct a multi-billion dollar manufacturing center focused on chronic diseases in Virginia within the next five years.
Frederick prepares for data center development
Increasingly, data center developers are eyeing sites in parts of the commonwealth outside Northern Virginia, the largest data center market in the world. Members of the Frederick County Board of Supervisors decided to put a game plan in place before those developers come to call. “We wanted to be ready,” says Wyatt Pearson,[...]
Officials envision new life for shuttered state campus
Summary CVTC closed in 2020, costing the region 1,600 jobs and $87M. Redevelopment plan envisions housing, retail, and light industry. Site includes 98 outdated buildings, many with asbestos. State allocated $6M for demolition to attract developers. [/box Lynchburg-area leaders want to see a second act for about 386 acres that w[...]
Post GreenCity, Henrico tries again
Henrico revives arena plans after GreenCity collapse, targeting a 17,000-seat venue by 2028 amid lawsuits.
$35B Capital One-Discover merger closes
McLean-based Capital One Financial completed its $35.3 billion acquisition of Discover Financial Services in May, finalizing the merger of the credit card giants announced last year. On April 18, Capital One received approval from the Federal Reserve and the Office of the Comptroller of the Currency to purchase Illinois-based Di[...]
Globalinx grows bandwidth at subsea cable station
Virginia’s “digital port” is significantly growing its capacity at Globalinx’s subsea internet cable landing station at Corporate Landing Business Park. A Virginia Beach-based carrier-neutral cable-landing station and data center operator, Globalinx finished construction on four new cable bores at its Sandbridge [...]
Lego to build $366M Prince George County warehouse
Lego will invest $366 million in a new warehouse in Prince George County, creating an estimated 305 jobs and expanding its U.S. logistics and distribution network.
Companies sue over Valley medical marijuana permit
Seven businesses are suing Virginia over a disputed medical marijuana permit in the Shenandoah Valley region, citing violations of FOIA and VAPA laws.
