SportsQuest Deals: Buy Now or Pay Later? (Style Weekly)
Gesturing dramatically and intoning a tried-and-true sales strategy, Steve Burton, chief executive of SportsQuest, convinced the Chesterfield County Board of Supervisors to cough up $4.3 million to lease nine synthetic turf fields and other facilities that are part of a planned, $250 million sports complex near Brandermill. The problem is the fields don’t exist.
Section of Highland Park slated for renewal (Times-Dispatch)
The Richmond Redevelopment and Housing Authority is proceeding with plans to revitalize a 50-acre area in the Highland Park section of Richmond, its second major undertaking to deconcentrate pockets of poverty and create mixed-income communities. The housing authority has selected Crosland LLC of Charlotte, N.C., as the master developer.
Embattled lake condos again for sale (Roanoke Times)
After sitting empty for more than three years, the condominiums at Bridgewater Pointe in Franklin County are going on the market in a lottery sale, and at 65 percent less than the original asking price.
Lynchburg firm trying to build 100-mpg car (Virginia Business)
Efforts to improve energy efficiency in vehicles have tended to focus on finding alternative fuels to gasoline, but Oliver Kuttner, a successful real estate developer and auto-racing aficionado, believes that mindset totally misses the mark. He is the owner of Edison2, a company that is building a prototype vehicle called the Very Light Car (VLC) that relies on minimizing weight and aerodynamic drag to dramatically boost fuel mileage.
Lifestyle centers are growing in popularity, but some say malls will win out (Washington Post)
Lifestyle centers have been hailed as a replacement for struggling shopping malls, but despite their popularity, retail developers aren’t sure the trend is likely to last.
Zipcar plans IPO with hopes of raising $75 million (USA Today)
Zipcar, the car-sharing company that rents vehicles by the hour, on Tuesday said it plans to raise as much as $75 million in an initial public offering.
Would You Back This Start-Up? (Inc.)
Nixle helps police send text-message alerts to local residents. Can it raise $7.5 million to help its marketing and the development of a new paid subscription service?
The Home Office is Humming (Entrepreneur)
How to work–really work–at home, and not lose your mind in the process.
SportsQuest Deals: Buy Now or Pay Later? (Style Weekly)
Gesturing dramatically and intoning a tried-and-true sales strategy, Steve Burton, chief executive of SportsQuest, convinced the Chesterfield County Board of Supervisors to cough up $4.3 million to lease nine synthetic turf fields and other facilities that are part of a planned, $250 million sports complex near Brandermill. The problem is the fields don’t exist.
Section of Highland Park slated for renewal (Times-Dispatch)
The Richmond Redevelopment and Housing Authority is proceeding with plans to revitalize a 50-acre area in the Highland Park section of Richmond, its second major undertaking to deconcentrate pockets of poverty and create mixed-income communities. The housing authority has selected Crosland LLC of Charlotte, N.C., as the master developer.
Embattled lake condos again for sale (Roanoke Times)
After sitting empty for more than three years, the condominiums at Bridgewater Pointe in Franklin County are going on the market in a lottery sale, and at 65 percent less than the original asking price.
Lynchburg firm trying to build 100-mpg car (Virginia Business)
Efforts to improve energy efficiency in vehicles have tended to focus on finding alternative fuels to gasoline, but Oliver Kuttner, a successful real estate developer and auto-racing aficionado, believes that mindset totally misses the mark. He is the owner of Edison2, a company that is building a prototype vehicle called the Very Light Car (VLC) that relies on minimizing weight and aerodynamic drag to dramatically boost fuel mileage.
Lifestyle centers are growing in popularity, but some say malls will win out (Washington Post)
Lifestyle centers have been hailed as a replacement for struggling shopping malls, but despite their popularity, retail developers aren’t sure the trend is likely to last.
Zipcar plans IPO with hopes of raising $75 million (USA Today)
Zipcar, the car-sharing company that rents vehicles by the hour, on Tuesday said it plans to raise as much as $75 million in an initial public offering.
Would You Back This Start-Up? (Inc.)
Nixle helps police send text-message alerts to local residents. Can it raise $7.5 million to help its marketing and the development of a new paid subscription service?
The Home Office is Humming (Entrepreneur)
How to work–really work–at home, and not lose your mind in the process.
Is it just me, or is the entire SportsQuest venture sounding like so much vaporware?