After reviewing the results of a $100,000 economic feasibility study, Mayor Dwight Jones still isn’t quite ready to greenlight a $318 million mixed-use project in Shockoe Bottom.
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NewsFeeds 5.19.09
S&K set to go to liquidator (Times-Dispatch) S&K Famous Brands Inc. likely will be auctioned off today to a company that will liquidate its merchandise and close its remaining 105 stores. In a court papers filed yesterday afternoon, the Henrico County-based menswear retailer said it would hold an auction at the Richmond office of its… Read more »
The economy stinks and now gas prices are going up?
The average price of gas in Richmond is now $2.21 per gallon, up 28 cents from about a month ago. That’s costing the average motorist in Richmond an extra $2.12 per week.
Monday Q&A: Why are local banks merging like crazy?
Within the last month, six Virginia banks have paired up faster than high schoolers on prom night. For the Monday Q&A, RBS sits down with two banking consultants and asks what the mergers may mean for local business, and whether local banks have buyer’s remorse about taking TARP money.
Area sales still slipping
Local spending is still in the doldrums, down about 6.4% in the first quarter compared with the same time a year ago. But some sectors of the consumer economy are seeing a sales increase, and a few others are showing signs of improvement.
NewsFeeds 5.18.09
The port’s entertainment expenses are beyond scrutiny (Virginian-Pilot) The Virginia Port Authority spent $556,225 to market the port, court potential business partners and entertain clients in its most recent fiscal year, which ended June 30, 2008. Details of how that money is spent has been public for years. Not anymore. Dumped GM, Chrysler dealers endure… Read more »
GM telling some dealerships to close
Two GM dealerships in the Richmond area may be closing in 2010.
Layoffs at Hunton & Williams
Hunton & Williams cut 23 lawyers and 64 staff members at various offices around the country, according to the Times-Dispatch. It’s unclear how many are at the Richmond headquarters.
Stimulus might bring money to Va., but at what long-term cost?
“I’m from the government, and I’m here to help” – nine of the most terrifying words in the English language, as Ronald Reagan famously said. But right now all sorts of Americans and business owners are wondering what form government relief might take with a proposed federal stimulus package valued at $787 billion.
NewsFeeds 5.15.09
S-A-T-I-R-E Tostitos To Open Lime Dust-Making Plant In Chesterfield County (Tobacco Aveneue) Frito-Lay announced plans today for a plant just south of Richmond that will employ more than 1,000 workers in an operation dedicated solely to the production of lime dust, a seasoning that is later blasted onto the snacking company’s popular Hint of Lime-flavored… Read more »