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News & Press: 2018 Economic Development News

TSS Today's Clips-Monday, April 23

Wednesday, April 25, 2018  
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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.

 

Delays, cost overruns raise price of Capitol Square overhaul by millions

The estimated cost of replacing the General Assembly Building as part of an overhaul of the Capitol Square complex has risen by at least $24 million, largely because of a nearly two-year delay due to a political confrontation between then-Gov. Terry McAuliffe and General Assembly Republicans over expanding Medicaid…

As coal ash battles rage, Herring stays on sidelines

Before he filed it last month, Maryland Attorney General Brian Frosh invited other states’ attorneys general to sign on to an amicus brief urging a federal appeals court to uphold a ruling that coal ash pollution moving from unlined pits at a Tennessee power plant into…

Metro’s Silver line ushers in a new age for Reston, leaving residents divided

Residents in one of the nation’s first planned communities — designed as a place where people could live, work and play — are at odds over new development some fear could result in more growth than the town can support and ruin its character. The arrival of Metro’s Silver Line nearly four years ago…

Traffic data will help rate Virginia’s transportation spending

The state’s still young Smart Scale program was built on the idea that analytics could determine which projects are the best bet to improve Virginia’s transportation network. Analytics, it turns out, also will be the judge of Smart Scale and how it is used…

Fixing Virginia potholes, pavement, bridges would cost $13.1B

To fix pothole-pocked roads and crumbling bridges across Virginia would cost about $13.1 billion, and that’s just the VDOT estimate to get the roads up to “fair” condition. The Virginia Department of Transportation’s entire six-year improvement program highway construction budget is $16.9 billion, excluding…

Stalled Tranlin deal looms large in debate over Chesterfield megasite

They wield the name like a weapon in talks about a proposed Chesterfield County megasite: Tranlin, the dream deal that wasn’t. Now within 20 months of the Chinese company’s 2019 deadline for creating 2,000 jobs, the stalled project — and millions in public dollars owed back to the state — loom large over…

Developers seek federal action against Pipeline protesters

Developers of a controversial pipeline project are asking a federal judge to find members of a western Virginia family in contempt of court and to order U.S. Marshals to remove them from tree stands where they are protesting to prevent access to their land…

D.C-area officials in talks about ways to jointly court Amazon's HQ2 site

Officials in D.C., Maryland and Virginia have initiated a series of talks about ways to collectively position Greater Washington to win Amazon.com Inc.'s second headquarters despite having separate bids for the major economic development prospect…

Pamunkey Indian Tribe associates buy New Kent land for possible resort, casino site

The land, in four parcels, is at the northwest corner of the Bottoms Bridge-Quinton exit from Interstate 64. County tax records show it was purchased for $3.05 million by an Illinois limited liability company…

ODU announces $65 million project to expand S.B. Ballard Stadium

Old Dominion University on Friday announced plans to rebuild and expand the 81-year-old S.B. Ballard Stadium. Construction on phase one of the $65 million project will begin this summer and end before the home opener of the 2019 football season…

LU’s Center for Energy Research & Education to build research campus

Wood Haven Road initiative to seek rezoning as technology district

Virginia Center Commons continues to struggle with taxes still unpaid; the mall is 'a good opportunity for somebody'

Great Neck, N.Y.-based Kohan Retail Investment Group bought Virginia Center Commons mall in January 2017 for $9 million. As of last week, the mall’s 2017 property taxes of $247,769, plus penalties and interest, due in two payments last June and December, still were unpaid. The county has procedures in place to attempt collection, but it couldn’t take action to seize the property until January 2020, a county official said…

Rosslyn lands another headquarters, as international nonprofit exits D.C.

TechnoServe was attracted to Rosslyn for its amenities and accessibility, in addition to the ability to build out a space that better fits its needs….

Virginia unemployment rate dips in March; Lowest rate in a decade

Virginia’s unemployment rate stood at 3.4 percent in March, down slightly from 3.5 percent in February. Last month’s rate was the lowest since March 2008, when the rate was 3.4 percent, the Virginia Employment Commission reported Friday...

Tens of thousands of cars are still on the road with a ‘ticking time bomb’: Explosive air bags

A decade after the largest safety recall in U.S. history began, an estimated 60,000 vehicles equipped with deadly explosive Takata air bags are still being driven. Why? As older cars changed hands, owners did not receive warnings or ignored them, automakers say...

State lawmakers tackle COPN, again

For sheer longevity, probably only disputes over Confederate emblems have lasted longer than Virginia’s debates over medical care. Lawmakers have been quarreling over…

Schapiro: In NOVA, a big target becomes even bigger

For Virginia politicians, the Metro bus-and-subway network that connects Washington and its Maryland and Northern Virginia suburbs has always been an expensive pain in the pocketbook. It’s one they ignore at their own peril. Or so they tell themselves…

Miller: Virginia is wrong to rob roads for Metro

Virginia recently approved a bill to provide new permanent funding of $154 million per year for Metro. This will be combined with comparable increases in funding from the District and Maryland. This strikes some as a good…

Strickler: Virginia steps in where Trump fails

As Secretary of Natural Resources, I am responsible for overseeing agencies and taking actions that protect the Commonwealth’s environment. I take this job seriously because Gov. Northam and I know how important it is to Virginians’ quality of life and our economy. For that reason…

Rasoul: Pipelines, the local injustice of our generation

An executive for the Mountain Valley Pipeline (MVP) said it will be an “engineering marvel” to build the largest pipeline in Virginia history through our mountains. For our drinking water sources, building on steep, landslide-prone slopes in the middle of an earthquake zone is a recipe for disaster…

 

 

Michael W. Woods
Senior Manager - Virginia

Direct: 804.697.2256 | Mobile: 804.339.0260
mike.woods@troutman.com

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1001 Haxall Point| P.O. Box 1122

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