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RIR’s $465 million economic engine
Richmond International Raceway generates $467 million worth of economic activity each year, according to an economic study commissioned by the track. The study was conducted by the Washington Economics Group of Coral Gables, Fla. The results were announced at a news conference yesterday at the state Capitol.
NewsFeeds 3.26.09
Renegades shut down operations (Times-Dispatch) After failing to find enough money to remain financially viable, the Richmond Renegades announced last night that they’re going out of business effective immediately. Virginia to receive $111 million in latest round of stimulus funds (Times-Dispatch) Virginia will receive $60 million for energy-efficiency improvements and $51 million to aid public… Read more »
CEO pay falls at MeadWestvaco
The chairman and chief executive at MeadWestvaco received $6.7 million in compensation last year, including $68,000 for home security and several thousand for the charity of his choice, according to regulatory filings. Not a bad chunk of change, but it’s 25 percent less than the $8.88 million he took home in 2007. Of his total… Read more »
New venture targets dirty computers
A new start-up in Richmond is hoping to cash in on businesses’ need to cut costs and go green. Neat Geek, which officially launched two weeks ago, provides computer and office equipment cleaning service for local business.
Magazine lists Virginia’s influential women
Virginia Lawyer’s Weekly has released its 2009 list of the influential women. This is the first year the magazine has produced a list that draws from all industries, not just law. Fourteen of the 27 honorees are from Richmond. Of those, seven are in the legal field. One has a Wikipedia page. The Richmonders are:… Read more »
NewsFeeds 3.36.09
Foreclosure of C-ville hotel project? Recent court filings show that the hotel’s owner, CNet co-founder Halsey Minor, is worried about foreclosure, a move he says will doom the project. “The Project was to be my legacy in my hometown of Charlottesville,” Minor wrote in a filing as part of his ongoing lawsuit against the hotel’s… Read more »
Destroyed Innsbrook Office Building Being Rebuilt
An office building in the Innsbrook Corporate Center on the corner of Cox Road and Sadler Place is finally being rebuilt. A two alarm blaze destroyed the structure last July, which housed Allstate Insurance, a non-profit group called Richmond Hope Therapy, and several other small offices. The building suffered severe structural damage and had to… Read more »
Keeping an eye on VDOT
Frustrated over a lack of external audits for the Virginia Department of Transportation, state Senator Mark Obenshain (R-Harrisonburg) has launched a website called “Expose VDOT Waste” that invites citizens to report wasteful spending by the department. The site also has a companion Facebook group with more than 400 members. The site is partly in response to VDOT’s announcement… Read more »
NewsFeeds 3.25.09
Four Asian shipping lines to offer transit service to port (Virginian-Pilot) A consortium of four major Asian shipping lines is making Hampton Roads its first U.S. stop in a new service that provides 22-day transit between China and Virginia, port officials announced Tuesday. Luna and Calif. company battle in court (Roanoke Times) Roanoke-based Luna Innovations… Read more »