News For the Record

For the Record - Central Virginia

December 2011

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Anderson & Strudwick Inc., a Richmond brokerage, agreed to become part of Sterne Agee Group Inc., a Birmingham, Ala. financial holding company. Anderson & Strudwick, founded in 1948, has 18 offices, allowing Sterne Agee to expand its wealth management services throughout the eastern U.S. Richmond Times-Dispatch)

Dominion Virginia Power received permission from the U.S. Nuclear Regulatory Commission in mid-November to restart nuclear reactors at its North Anna Power Station. The Louisa County plant had been shut down since an Aug. 23 earthquake tripped the reactors offline. Richmond Times-Dispatch)

New Kent Courthouse Village LLC, a real estate development firm, filed for Chapter 11 bankruptcy. The company planned to invest $32 million in a mixed-use development in New Kent County near Providence Forge. The project would have included 84 residences and 28 commercial buildings. Richmond Times-Dispatch)

The Richmond Metropolitan Authority undertook a $122.1 million debt refinancing and restructuring deal. The City of Richmond will be paid $62.3 million it is owed under the original agreement creating the RMA. Richmond Times-Dispatch)

The University of Virginia’s Frank Batten School of Leadership and Public Policy will partner with a number of other schools at U.Va. to offer dual-degree programs. The move will save as much as a year in getting a master’s in public policy in addition to other post-graduate degrees. The programs will be offered in conjunction with the schools of law, architecture, education and the graduate school of business. (The Daily Progress)

The Commonwealth of Virginia received $44.3 million in federal grant money to draw up plans for high-speed passenger rail service between Richmond and Washington. The funds are part of a program to develop a high-speed corridor between Raleigh, N.C., and Washington, D.C. (Richmond Times-Dispatch)

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