The Montgomery County Board of Supervisors filed a lawsuit against the state government Thursday, arguing that its funding of a planned intermodal facility in Elliston violates the state constitution.
The supervisors say that the government violated a clause that prohibits state financing of private projects. The commonwealth announced last month that Norfolk Southern’s intermodal facility would be built in Elliston, despite objections from the supervisors and its residents. The facility is part of the $249 million Heartland Corridor project, which will shave a day-and-a-half off travel time for double-stacked container trains. (The Roanoke Times)
Foreclosure filings in Virginia were up 39 percent in August compared with a year ago. There were 5,319 foreclosure filings in the state in August, or one out of every 607 homes. That put Virginia with the 14th highest foreclosure rate in the nation. (Richmond Times-Dispatch)
International demand is driving a huge boost in coal exports from the U.S. Coal shipments at the three major coal terminals in Hampton Roads are likely to hit 42 million tons this year, an increase of 50 percent over the 28 million tons shipped in 2007. The resurgence of coal is caused by increased demand from China and India, cutbacks by other exporters and the weak dollar. (The Virginian-Pilot)
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