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Daily Clip 9/27/17
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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 .

 

Virginia House finance leader broadens look at tax exemptions as way to lower rates

The leader of the House of Delegates committee that oversees state tax laws wants to broaden a largely fruitless five-year examination of tax preferences as a way to potentially lower Virginia’s tax rates on…

Touting economic initiatives in Virginia, McAuliffe headlines summit

Virginia is headed in the right direction when it comes to job creation, and qualifying its students and workforce for the technological challenges of the future continues to be a prime directive of his administration…

Virginia Port Authority board sharpens its pencils, tends to an array of spending matters

The board of the Virginia Port Authority spent a good chunk of its meeting on Tuesday OK’ing or formally acknowledging the expenditure of tens of millions of dollars to continue investing in port expansion projects as…

Designs unveiled for express lanes extension, one of several big projects along the I-95 corridor

The proposed express lanes extension in Stafford County marks the fifth leg of a suite of projects along the Interstate 95 corridor…

Henrico moves to back massive land conservation deal

Henrico County is one step closer to acquiring hundreds of acres of a historic property in the eastern portion of the county. As part of a $23.7 million funding resolution passed Tuesday by Henrico’s Board of Supervisors, the county allocated…

Virginia Solar Group participants warm to time-of-use rates

A series of meetings between utilities and solar advocates in Virginia seeking a compromise on net metering may have identified some common ground. While Dominion Energy and rural cooperatives have been at loggerheads with solar advocates over net metering…

Colonial Williamsburg names general contractor for $40 million Art Museums expansion

Colonial Williamsburg’s Art Museums $40 million expansion is scheduled to begin this week now that it has named the general contractor for the two-year project. In a news release, the Colonial Williamsburg Foundation named W.M. Jordan Company of Newport News as the general contractor…

Botetourt County supervisors OK asphalt plant near Eagle Rock

Plans for a temporary asphalt plant that will serve a highway safety project on U.S. 220 in northern Botetourt County got a green light Tuesday from the board of…

Richmond City Council rebuffs partial repeal of Martin Agency economic development deal from 2014

In an effort to keep the business downtown, the city’s Department of Economic and Community Development brokered a deal that declared as surplus a slice of city-owned property adjacent to the…

Citizen input sought on big Branders Bridge projects

County and state officials are seeking input from the public about the Matoaca Mega Site, a massive economic development project announced last month, and a long-planned road project that’s been jump-started to support the proposal…

Orange County broadband project progresses

Orange County residents will soon see the county’s rural broadband initiative take a tangible step toward implementation. In the coming weeks crews will begin roadside construction, establishing a 33-mile fiber optics backbone that the county expects will make high-speed internet available to all its citizens…

Contura offers to repurchase $31.8M in stock

Contura Energy on Tuesday announced it initiated a modified “Dutch Auction” tender offer to repurchase up to $31.8 million of its common stock. Contura was formed using many of the assets from the bankruptcy of the former Alpha Natural Resources…

Bristol Virginia City Council to get more input on refinancing plan

City leaders took no action Tuesday on a plan to refinance significant portions of debt, opting instead to seek more information and opinions beyond its Richmond financial advisers. The City Council held a lengthy discussion about its debt, trying to determine the best way to move forward…

Danville awarded for economic potential

Danville has received an award from FDI (Foreign Direct Investment) Magazine, which ranked the city among the top micro cities for economic potential in its 2017-2018 American Cities of the Future study…

FCC finds 'effective competition' in U.S. wireless market

A divided Federal Communications Commission approved a report that found for the first time since 2009 there is “effective competition” in the wireless market, a finding that could help Sprint Corp. and T-Mobile US Inc. to merge…

VA: Money for private health care may run out by year's end

Weeks after a veterans' health initiative received $2.1 billion in emergency funding, the Trump administration says the private-sector Veterans Choice health care program may need additional money as early as December to avoid a disruption of care for hundreds of thousands of veterans…

OxyContin maker can't flee city's suit over opioid crisis

Purdue Pharma LP must face most of a lawsuit filed by the city of Everett, Washington, accusing the drugmaker of supplying OxyContin to “obviously suspicious” doctors and pharmacies and fueling the city’s opioid crisis…

Will Arizona's Off-Label Drug law spur changes elsewhere?

Some critics say the Arizona law is meaningless because states cannot pre-empt federal law, and they don’t believe pharmaceutical companies will feel free to promote off-label uses unless given more direction from either the FDA, Congress or higher courts…

California mulling ban on combustion-engine vehicles

California regulators are exploring ways to eventually ban the sale of vehicles powered by internal-combustion engines, a top official told Bloomberg News…

Stuck on 81 again?

We expect there is rarely a day that goes by that readers of this page are not affected in some way by traffic problems on Interstate 81, which runs north and south throughout the region connecting the most populous areas of the Shenandoah Valley. And so we expect that…

DMV reduced to begging after raising billions for Virginia

How did the Virginia Department of Motor Vehicles wind up with a $16.4 million operating shortfall? After all, Virginia motorists pay the DMV hefty fees for every vehicle title and license issued by the commonwealth. And considering that there were 8,121,216 vehicles registered in Virginia last year, those fees…

Who’s to blame for slow job growth? Maybe we are

A recent report prepared by Virginia Tech as part of the GO Virginia economic development initiative lays out the answer in a 68-page report chock full of charts and graphs. It’s a solid report, one that ought to be studied by local officials throughout the region it covers…

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