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Cardinal News

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Economy

Chris Albrecht. Photo by Grace Mamon.
Posted inEconomy

Caesars Virginia’s general manager wants the Danville casino to work closely with the community 

by Grace Mamon November 17, 2022November 17, 2022

A Q&A with Chris Albrecht, who will oversee the planned casino.

The proposed Student Life Village would provide housing for 5,000 Virginia Tech students, restaurants, recreation facilities, a chapel and other amenities when fully completed. Virginia Tech's Board of Visitors considered a resolution to add the project to the university's master plan Monday. In this image, the village sits on property currently occupied by the Virginia Tech Golf Course and is bordered by U.S. 460 at left and Prices Fork Road at the top.
Posted inEconomy

Virginia Tech Board of Visitors approves 5,000-bed on-campus housing plan

by Ralph Berrier Jr. November 14, 2022November 14, 2022

This doesn’t mean the $935 million project will be built, just that it’s now in the university’s master plan. Local developers had opposed the project.

An artist's rendering of the casino coming to Danville, with "The Three Sisters," as the old smokestacks of Dan River Mills are known, in the background. Courtesy of City of Danville.
Posted inEconomy

Temporary casino could mean millions in unexpected tax revenue for Danville

by Grace Mamon November 14, 2022November 13, 2022

Caesar’s wants to open a Danville venue in 2023. The temporary casino in Bristol has already exceeded revenue expectations for a permanent facility.

The proposed Student Life Village would provide housing for 5,000 Virginia Tech students, restaurants, recreation facilities, a chapel and other amenities when fully completed. Virginia Tech's Board of Visitors considered a resolution to add the project to the university's master plan Monday. In this image, the village sits on property currently occupied by the Virginia Tech Golf Course and is bordered by U.S. 460 at left and Prices Fork Road at the top.
Posted inEconomy

Virginia Tech is considering adding more student housing. Town officials support the proposal. Housing developers don’t.

by Ralph Berrier Jr. November 11, 2022November 13, 2022

Town officials who want Tech to house more students on campus hailed the proposal for its innovative ideas. Developers worry that the Student Life Village could leave their apartment complexes vacant.

lood damage in the Pilgrim's Knob section of Buchanan County. Photo by Lakin Keene.
Posted inEconomy

Grant will pay for additional caseworker to help flood victims in Buchanan County

by Megan Schnabel November 10, 2022November 10, 2022

The Appalachian Regional Commission has made a $100,000 grant related to the July flooding in Whitewood.

River District Tower building on Bridge Street. This is a building that was renovated with a previous tax credit award. Photo by Grace Mamon.
Posted inEconomy

Danville organization receives $30 million in federal tax credits

by Grace Mamon November 10, 2022November 10, 2022

The money has been used in the past to redevelop properties.

Averett University President Tiffany Franks, Caesars Virginia General Manager Chris Albrecht and Caesars Senior Vice President of Development Robert Livingston. Photo by Grace Mamon.
Posted inEconomy

Caesars casino puts half a million toward Averett hospitality program

by Grace Mamon November 9, 2022November 10, 2022

The new hospitality and tourism academic program will connect students with employment opportunities at Caesars Virginia.

Posted inEconomy

Shared solar is coming to Virginia. Just not all of Virginia.

by Megan Schnabel November 9, 2022November 10, 2022

Here’s why some parts of the state are being left out of a new program to enable low-income residents to take advantage of less expensive energy.

Driver Becky Fields with Camrett's Volvo VNR Electric.
Posted inEconomy

Electric trucks are already running daily routes in Southwest Virginia

by Randy Walker November 8, 2022November 7, 2022

Writer tries out an electric truck on Volvo’s “customer experience track.”

Posted inEconomy

Danville once thrived on the success of its mills. Now, its economic future could lie in their redevelopment.

by Grace Mamon November 4, 2022November 4, 2022

The City of Danville once thrived on the success of the mills. Now, it could thrive from redevelopment on these same sites.

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