New apartment building proposed for VCU students (Times-Dispatch)
Gilbane Development Co. is seeking a special-use permit from the city for the 160-unit, 546-bedroom complex, which would include ground-floor retail space along Canal. The project also would include 195 parking spaces — about 1.2 per unit. That translates to a little more than one parking space for every three bedrooms.
Paralyzed man sues Massanutten for $25 million after tubing crash (Daily Progress)
A man paralyzed in a snow-tubing accident is suing the Albemarle County-based parent companies of Massanutten Resort for more than $25 million. If granted, that would be the largest award ever against a ski resort.
Fears of crushing debt spread to cities, provinces (Washington Post)
Experts are not yet predicting cascading bankruptcies, but they warn that increasing problems in heavily indebted municipalities and provinces are creating financial time bombs that could lead to defaults. Those concerns are already raising cities’ borrowing costs on both sides of the Atlantic and contributing to budget woes, forcing many struggling jurisdictions to raise taxes and cut services.
Off Wall St., Worries About Financial Bill (NY Times)
Far afield from Wall Street, the intense debate over the overhaul of financial regulations by Congress is attracting some unlikely but powerful players. More than 130 companies from the manufacturing, retail and service sectors have retained high-powered lobbyists to weigh in on, and often oppose, the regulatory system being debated this week in Washington, according to an analysis of lobbying records by The New York Times.
Entrepreneurs Find Success With Specialty Lenders (WSJ)
Business owners who approach specialty lenders have an advantage. The loan officer already knows the revenue potential, financing and cash-flow needs of that industry, particularly in the context of the broader economy, and can advise with keen awareness of any snags in the business plan. And loan officers at specialty banks often have a sharp eye for mismanagement and are judicious about loans they issue.
How to Implement a Four-Day Workweek (Inc.)
A shortened workweek may boost employee motivation and productivity, but it can cause resentment or disrupt customers just as easily. Here’s what you can do to minimize those risks.