Bankruptcy
- Former GreenCity Developers File Chapter 7 Bankruptcy in Richmond
Green City Partners lists more than $825,000 in liabilities after Henrico reclaimed the Best Products arena site.
- Fluvanna County Edgewood Apiaries Opens Retail Space at Stony Point Fashion Park
Edgewood Apiaries owner Amanda Sweeney in her new retail and production space in Stony Point. (Jackie DiBartolomeo photos) Stony Point Fashion Park is getting some added buzz by way of a new tenant from Fluvanna County. Edgewood Apiaries, which makes honey and beeswax products on a 100-acre farm in Bremo Bluff, recently opened the doors
- Hemp businesses ask federal judge to block Virginia’s new THC cap
Seven Virginia hemp businesses are asking a federal judge to block new restrictions on consumable hemp products, arguing the changes will wipe out much of their inventory, trigger layoffs and force some companies to close when they take effect on Aug. 15. The lawsuit, filed July 31 in the U.S. District Court for the Western […]
- Federal judge denies hemp entrepreneurs’ request to overturn Virginia’s new THC limit
A federal judge in Roanoke on Friday declined seven Virginia business owners’ request to eliminate a new regulation that removes an exception to the state’s limit of 2 milligrams of tetrahydrocannabinol (THC) per product package. The new standard took effect Aug. 15. The entrepreneurs had asked the U.S. District Court for the Western District of […]
- Shoosmith Landfill Enters Closure Phase Amid Bankruptcy and Regulatory Adjustments
The Shoosmith landfill, situated at 11520 Iron Bridge Road in Chester, Virginia, within the Dale District of Chesterfield County, has ceased accepting waste and is preparing for closure. The facility, permitted under solid waste permit SWP587, opened in 1976 and encompasses approximately 335 acres with a disposal boundary of 203.5 acres. Its total capacity reached […]
- Virginia Pension Reforms Save Taxpayers $171.4 Million Amid Calls for Fiscal Restraint
The Virginia Retirement System recently reported a notable improvement in the aggregate funded status for local political subdivision pension plans, reaching ninety-two percent for the upcoming fiscal cycle. This financial milestone leaves an eight percent unfunded pension liability that continues to require stable employer contribution rates heading into fiscal year 2027. Thanks to these improved
- Officials push for transparency on testing around Shoosmith Landfill
Local, state, and federal officials held a closed-door meeting on July 1 to discuss the next steps for managing Shoosmith Landfill in Chesterfield, which is leaking 50,000 gallons a day of toxic leachate and is poised to spur an “environmental catastrophe,” Sen. Glen Sturtevant, R-Chesterfield, said. Sen. Mike Jones, D-Richmond, on Wednesday stated on Twitter […]
- Virginia legislature grants emergency funds to help close leaking, bankrupt landfill in Chesterfield
The Virginia General Assembly allocated $10.6 million in the two-year budget lawmakers passed this week for the Department of Environmental Quality to help contain toxic leachate spilling from the bankrupt Shoosmith Landfill in Chesterfield County. The emergency funds will be used “to prevent it from becoming a catastrophe”, according the Sen. Glen Sturtevant, R-Chesterfield. It […]
- Rappahannock Tribe acquires nearly 1,000 acres along its namesake river
On Wednesday, the Rappahannock Tribe acquired the largest amount of its ancestral lands to date with the transfer of nearly 1,000 acres from The Conservation Fund, to be preserved in perpetuity under easement with the U.S. Fish and Wildlife Service and the Virginia Board of Historic Resources.
- Chesterfield’s indoor farming startup Plenty declares bankruptcy after multiple lawsuits
The operator of an indoor farming facility that was highly praised in Chesterfield declared bankruptcy.
- US bankruptcies hit 13-year peak in 2023; jump 27% in 2024
More than 80 companies that sell consumer goods have filed for bankruptcy, a jump of 27% from 2023, according to S&P Global Market Intelligence.