The 12-story freshman dorm at 801 W. Franklin St. has been closed since November 2021, when high levels of mold spores were detected in the building. It displaced more than 400 students.
VCU plans $70M renovation of shuttered Johnson Hall dorm
Education
‘Why is there a cover-up?’ Wilder responds to VCU Health payout report, repeats call for state investigation
The VCU professor and former Virginia governor discussed the report’s findings in a series of interviews with BizSense: “What it amounts to is the Board of Visitors has not done its job, the president has not done his job…and the people of Virginia are being ill-served,” he said.
Review finds ‘insufficient due diligence, institutional eagerness’ as flaws in VCU Health’s downtown development deal
The third-party review represents the first accounting of the aborted Public Safety Building project that has ended up costing the health system at least $80 million, including a $73 million project-exit payment.
City setting stage for VCU Health to demolish Public Safety Building
City Council on Monday introduced legislation to allow the health system to access the city-owned property to begin the demolition, which is expected to cost $5 million.
VCU Health continues to pay for downtown development exit
While the health system remains on the hook for Richmond real estate tax payments that continue to come due, it’s unclear whether a new university-led project for the same site would align with the city’s desire to keep the downtown property taxable.
Childcare chain expanding in Chesterfield with two new locations
Local operators of a national childcare chain are expanding their business with two new locations on either side of Chesterfield County. Married couple and franchisees Charul and Raj Patel plan to open new Kiddie Academy outposts at 660 Watkins Centre Parkway near Westchester Commons shopping center, and at 731 Bermuda Hundred Road near Meadowville Technology… Read more »
VCU adds BookHolders building to its real estate collection with $3M deal
As its health system juggles the fallout from a failed downtown development deal, VCU’s real estate division remains in deal-making mode with a new acquisition around its Monroe Park campus.
VCU board OK’s 3% tuition increase; CoStar pledges $18M for school’s new arts center
The average full-time in-state undergrad will pay about $16,200 per semester, but the university will still have a nearly $60 million budget gap for the coming school year.
$73M and counting: VCU Health on the hook for millions more in downtown project-exit costs
The known cost for the health system to walk away from the project on the site of the city’s Public Safety Building appears to be closer to $80 million – and could end up being higher.
‘It’s not their money’: Wilder calls for Rao’s dismissal, state investigation after $73M VCU Health development payout
“With this amount, how many students are robbed of attending VCU in scholarships? Most importantly, what actions are being taken to ensure that enormous wastes like these are prevented in the future?” Wilder said in Tuesday’s press conference.