Officials say that Northrop Grumman is just weeks away from deciding where to establish its new headquarters. Virginia, Maryland, and the District of Columbia are all under consideration. The company plans to open the new 300-person facility in about a year.
Fairfax and Arlington Counties are both in the running to be the defense contractor's new home town. Landing Northrup Grumman would be a significant economic boost for either county - to the benefit of local homeowners, who could see a bump in property values along with the creation of highly paid jobs.
Read more in the Richmond Times-Dispatch....
Since that time, new building projects have outpaced the growth of infrastructure in some areas. A good unified plan would benefit current and future homeowners by ensuring a balance of commercial and residential use. That balanced development would, in turn, ensure a diverse tax base that could support needed services and infrastructure.
The Hampton University Proton Therapy Institute has been awarded $7.9 million by the Department of Defense Naval Health Research Center. The money will be used for equipment, research, and increasing staff levels. More than 2000 patients will be treated annually at the center, which is located off Magruder Boulevard and scheduled to open this summer.
The award is likely to spur growth, and in turn benefit local property values.
Read more in The Virginian-Pilot....
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....
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....
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.
The Washington area grew over the last ten years, with new residents attracted by jobs and development. Even the inner areas such as Arlington County and Alexandria saw growth, in contrast to population declines in the 1990s.
Loudoun and Prince William counties continued the explosive growth seen in those counties in the 1990s. Loudoun was the fifth-fastest growing county in the country from 2000 to 2009, according to data released Tuesday by the U.S. Census Bureau.
The robust growth is good for area homeowners, who should see their property values grow along with the region's population and job opportunities.
Orange County supervisors have decided to advertise a 6-cent increase, although they may ultimately pass a lower rate. Supervisors don't yet know how much funding the county will get from the state, and they can pass a rate less than advertised, but not higher without running a new advertisement.
County Administrator Julie Jordan's proposed budget gives the school system the same local contribution as last year, but state funding cuts have led the schools to eliminate 81.5 jobs. The county may need to provide more money for the schools.