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Daily Clip 7/5/17
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TROUTMAN SANDERS

STRATEGIES

Below are newspaper articles from around the Commonwealth that you may find of interest.These materials are to inform you of developments that may affect your business and are not to be considered legal advice. If you have any questions please contact Mike Woods .

 

After losing $277 Million in 5 years, Colonial Williamsburg is asking for a tax break

Colonial Williamsburg might have a new spin on the Revolutionary War’s “no taxation without representation” rallying cry. “No taxation … until we can get our finances in order” is the gist of a request from…

People Express loan money did not go to other airports

The $4.5 million loan to People Express airline that was paid off by taxpayers was not used for landing fees and terminal services at other airports as former…

Concerns about Natural Bridge’s stability prompt talk of closing the highway over it

Every day, about 2,000 cars and trucks cross a deep gorge using a bridge that is more than a million years old. It’s not really a bridge, the Virginia Department of Transportation says of the Natural Bridge…

New Virginia law requires doctors to check patients’ drug use more often

Starting July 1, doctors will be required to check the state’s Prescription Monitoring Program before starting patients on painkillers for seven days or more. This is the third time in three years that…

"If they’re legal, why are they hiding?" Chesapeake gaming business worries neighbors, violated City rules

The storefront on Indian River Road looks empty – darkened, reflective windows allow no glimpse inside and there's no sign denoting a name or description of the store. Step inside the establishment – you must be buzzed in – and you will find…

Are Short-Term Rentals a long-term problem? Virginia Beach mulls question and solutions

In 2011, there was one active Airbnb listing in the city. Last year, there were 392. Skyrocketing growth in the short-term rental business is not unique to Virginia Beach. But it has caught the attention of city officials…

Dominion Energy to buy Northampton County solar farm

Dominion Energy plans to buy a 20-megawatt solar farm under construction in Northampton County. Richmond-based Dominion said Friday it expects to complete the purchase of Cherrydale in the third quarter of this year…

VA. to expand review of proposed gas pipelines

Virginia has informed federal energy regulators that it will expand its review of two proposed interstate natural gas pipelines to protect water quality beyond the stream and river crossings covered by a general federal permit….

VCU Health System buys Museum of the Confederacy building

The Virginia Commonwealth University Health System has bought the Museum of the Confederacy building at 1201 E. Clay St. in Richmond for $6.25 million…

Virginia Port spends $11 million extra for truck lanes on tech upgrades, soil issues

Two years ago, the Virginia Port Authority said its plan to build 22 lanes of truck traffic at its Norfolk International Terminal would cost $31 million. Turned out…

Bristol Council replaces City Manager, names Mumpower new Mayor

Newly chosen Mayor Kevin Mumpower on Monday outlined a new direction for the city that began with replacing the city manager. The council voted 4-1 to name…

Candidate for VA. AG wants to take politics out of the office. Sound familiar?

John Adams, the prominent Richmond lawyer who wants to be Virginia’s next attorney general, is no fan of the Supreme Court decision that legalized same-sex marriage across the country…

Insured shoppers accuse Rite Aid of inflating Generics prices

Rite Aid Corp. was hit with a putative class action in California federal court Monday that accuses the pharmacy chain of overcharging customers who pay with insurance compared to…

Telecom policy to watch for the 2nd half of 2017

Federal Communications Commission Chairman Ajit Pai has laid the groundwork for an action-packed second half of the year that may include a rollback of net neutrality rules, as well as a continued push to increase broadband access. Here are the top…

Drugmakers urge FDA to phase out older opioids

A coalition of painkiller-focused drugmakers on Monday urged the U.S. Food and Drug Administration to phase out prescription opioids that lack abuse-deterrent properties after the…

States' Tax Revenue volatility poses varying budget challenges

Yearly swings in tax revenue can confound policymakers’ best efforts to balance state budgets. These fluctuations vary greatly across the 50 states. Over the past two decades…

Will the Supreme Court deliver a windfall of Tax Revenue for State Governments?

Odds jumped last week that state governments might soon win the right to tap into the country’s $150 billion-a-year black market in sports betting. On Tuesday the U.S. Supreme Court…

States miss budget deadline, go into full or partial shutdown mode

New Jersey, Maine and Illinois are all facing at least partial government shutdowns after their legislatures failed to pass budgets. Washington and Alaska managed eleventh-hour deals to avoid a similar fate. Connecticut failed to pass a budget, but the state's governor stepped in with an emergency spending order…

How low can taxes go? Outside Washington, Republicans find limits

Something strange has been happening to taxes in Republican-dominated states: They are going up. Conservative lawmakers in Kansas, South Carolina and Tennessee have agreed to significant tax increases in recent weeks to meet demands for more revenue...

Trump EPA’s Water Rule odyssey just beginning

The Trump administration has begun the process of rolling back the Obama-era Clean Water Rule as it looks to narrow Environmental Protection Agency jurisdiction over U.S. waters, but experts say…

Reiss: We must seize our chance at a better future

By now, you've probably read or heard about the changes coming to Colonial Williamsburg as the result of the restructuring needed to fix the Foundation's financial challenges. We've made some difficult decisions. But…

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