Inauguration draws lodgers to Richmond

The buzz of Obama-mania stretched down to Richmond yesterday, and a handful of local businesses saw a boost of tourism dollars. Trains between Richmond and Washington were sold out all day yesterday, according to a station representative, and the Amtrak station was twice as busy as a normal Tuesday. Sales were also brisk over the… Read more »

Henrico’s plan

Qimonda, LandAmerica, Circuit City, Genworth. Four of the major corporations and private employers in Henrico County have shed at least 5,000 high-paying jobs. And it’s likely to get worse before it gets better, says Leonard Cake, the county’s director of economic development. Still, the county has more than 20,000 businesses, and as of November the… Read more »

Limo company moves to the Boulevard

Consumers and businesses might be cutting expenses, but that doesn’t seem to stop them from riding in style. James Limousine increased sales 40 percent over the previous year. Now the company rings in the New Year by moving into a 27,000-square-foot facility at 1207 North Boulevard. Randy Allen, co-owner and vice president of sales and… Read more »

Food Banks Hungry for More Funding

Area food banks are struggling with increasing demand for services. After asking the state for $1 million in emergency funding, the Federation of Virginia Food Banks is preparing for an unprecedented amount of need during 2009. Leslie Van Horn, executive director of the Federation of Virginia Food Banks, says the state’s food banks are in… Read more »

Getting stiffed

Hurry up and wait. That’s the only option for local businesses owed money by bankrupt Circuit City and LandAmerica. More than 1,000 entities are owed money by Circuit City, according to a list of creditors filed with the bankruptcy court in Richmond, and the money from a liquidation sale might not yield enough money to… Read more »

Richmonders driving less

Richmond motorists are spending less time on the roads – or at least avoiding the tolls on the Southside. According to the Richmond Metropolitan Authority, traffic at the Powhite Parkway mainline toll plaza has been falling since February compared to the previous year. Around 543,000 fewer drivers have passed through the tolls so far this… Read more »

Newsfeeds for January

1.29.2009 Richmond gets extra time on ballpark (Times-Dispatch) The developers pitching a minor-league ballpark for Shockoe Bottom are giving Richmond Mayor Dwight C. Jones an extra five months to swing. Region’s new homebuilding hits lowest point since 1984 (Virginian-Pilot) New home construction and sales in Hampton Roads last year fell to their lowest point in… Read more »

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VCU foundation buys former Ukrop’s for $9 million

The VCU Real Estate Foundation purchased the former Ukrop’s store and parking lot at Grace and Harrison streets for more than four times what a previous investor paid in 2002. The purchase price is three times the property’s assessed value, according to city land records. The purchase was completed Dec. 23. The foundation is a… Read more »