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Hampton eliminates 78 positions to balance budget

The city of Hampton will eliminate 78 permanent full-time positions to make up for its $19 million budget shortfall.

About 55 of those positions are currently filled. City officials will try to move employees in those jobs to current openings. "We do have plans to try to place as many of those people as possible. We have over 106 positions that are vacant and open to try to place those folks into," said City Manager Mary Bunting.

Read more at the Daily Press....

Challenge to Arlington County affordable housing project dismissed

An affordable housing project built above a church sanctuary in Arlington County is nearing completion. The project has been contentious from the start, with residents of nearby neighborhoods objecting for six years to its placement atop a Baptist Church.

The latest attempt to halt the project was stymied on Monday, when Judge Claude M. Hilton said Peter Glassman failed to prove that the county, by partnering with the Church, is advancing religion or enriching the church.

Glassman, who lives a block from the church, plans to appeal the ruling to the Court of Appeals for the 4th Circuit. "We are confident that once the dealings between the county and the church see the light of day, the entanglement and preference will be apparent, he said.

Fitch Ratings reaffirms Loudoun County's AAA rating

Loudoun CountyFitch Ratings announced yesterday its award of AAA rating to Loudoun County for $102.1 million in general obligation refunding bonds that are expected to be sold April 8. The rating agency also gave the AAA rating on approximately $880 million outstanding general obligation bonds.

Arlington, Fairfax among three finalists for new Northrop Grumman headquarters

Northrop GrummanNorthrop Grumman will move its West Coast headquarters to the Washington area, and has narrowed its choices to Arlington and Fairfax Counties in Virginia, and Montgomery County in Maryland, according to sources in government and real estate. The company is expected to announce its decision by the end of April.

The entrance of a large number of highly paid workers into the area would likely invigorate the local housing market.

New gas pipeline to increase capacity in Churchland area

Columbia Gas of Virginia is building almost five miles of new pipeline through Portsmouth, Chesapeake and Suffolk to increase capacity in and around the Churchland area. The company expects to to spend almost $8 million and complete the project in June.

The increased capacity will support development in the area, spurring growth that will benefit the real estate market.

Read more in The Virginian-Pilot....

Governors call for a rail corridor along I-81

Bob Riley, Haley Barbour, Ed Rendell, Phil Bredesen, and Bob McDonnell -- governors of Alabama, Mississippi, Pennsylvania, Tennessee, and Virginia, respectively -- call on the federal government to help fund the Crescent Corridor, a 2,500-mile rail route stretching across 13 states from New Jersey to Tennessee and Louisiana. Besides relieving traffic congestion, the governors cite projections that say the Crescent Corridor project will create 47,000 jobs by 2020 and 73,000 by 2030.

Virginia Real Estate Board elects Chair and Vice Chair

At its meeting this week, the members of the Virginia Real Estate Board elected a new Chair and Vice Chair. The results...

  • Chair: Byrl Taylor, GRI, from Long & Foster in White Stone
  • Vice Chair: Scott Gaeser, CCIM, from Eagle Realty of Virginia in Glen Allen

Roanoke jury values seized land at $2.2 million

A small victory in Roanoke for property owners around the Commonwealth: The Roanoke Redevelopment and Housing Authority has been ordered to pay Jay and Stephanie Burkholder $2.2 million for land seized under eminent domain. The figure falls between the $1.53 million the housing authority had offered to pay and the value of about $4.5 million given the Burkholders by two appraisers.

The Burkholders plan to continue their fight against the seizure, and say they hope to ultimately strengthen the rights of Virginia property owners.

"I intend to be a missionary or warrior for property rights," Stephanie Burkholder said. "I will not roll up and go away."

Virginia Beach developer nailed with $24,000 fine after state and local agencies make conflicting demands

When a Virginia Beach developer was asked to mow an overgrown 1/3 acre wetlands field by the local government, it complied. But the State Water Control Board considered the tract of land a protected wetland, and by mowing it, they say the developer altered and degraded the wetland, which should have been preserved as natural and open space.

"We had the state saying, 'Don't touch the site,' and the city saying, 'Mow it now,' " said Carl Eason, an attorney representing Glenwood South and its affiliate, Warner Construction. "I felt like I was in 'Alice in Wonderland.' "

Commercial Agency & Death, Divorce, & Bankruptcy with Lem Marshall

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