The upgrade from the city’s previous AA+ rating was announced Wednesday by Fitch, which assigned the highest-possible AAA rating to two bond series including $130 million in bonds to fund the new Diamond District ballpark.
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Goochland-based Greenswell Growers to roll out products to 800 Food Lions this year
The push to make the company’s leafy greens available across Food Lion’s entire footprint of 1,100 stores in the Mid-Atlantic and South comes as it plans for a $25 million expansion at its West Creek indoor farming facility.
Large industrial proposal could feature data centers on Ashland-Hanover line
The project, dubbed Iron Horse Business Park, would take shape on a 230-acre site split about 60-40 between Ashland and Hanover.
Minus Coliseum demo funds, revised Richmond budget up for council vote tonight
The proposed spending plan for fiscal year 2025 has been slightly amended with requests from councilmembers, including a reduction in the requested demo funds in favor of other priorities and more funding for schools.
Diamond District financing pivot prompts lawsuit seeking referendum
Local attorney and activist Paul Goldman filed the lawsuit Thursday challenging City Council approvals to allow Richmond to issue $170 million in bonds to finance the ballpark-anchored development’s first phase.
Data center project proposed for 120-acre site in Powhatan County
The region’s trend of landing large data center projects has reached Powhatan, as a California developer is looking to build 1.5 million square feet of data center facilities in the county.
City Council to vote Wednesday on new Diamond District financing plan
A special meeting is scheduled for 3 p.m. tomorrow on the new approach to financing the stadium and infrastructure improvements for the development’s first phase. Citizens will have a chance to weigh in.
Richmond startup Sherah expands into NoVa with personal-assistant service for moms
Looking to jumpstart its growth, the company that connects moms with personal assistants to help handle errands and parenting tasks, has expanded into Northern Virginia.
Tri-City Chili Peppers get some extra glow with ‘Cosmic Baseball’ under black lights
In a bid to continue growing their fan base, the region’s other minor league baseball team is turning off the lights in what its owner believes is the first-of-its-kind stadium setup.
Indoor farming startup rolls out units aimed at K-12 schools
Scott’s Addition-based Babylon Micro-Farms recently unveiled The STEM Garden, a hydroponic device used to grow vegetables indoors and geared toward classroom instruction.