FOR THE RECORD - Hampton Roads, August 2010

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Bay Design Group, a Gloucester engineering firm, opened an office in Morehead City, N.C. (News release)

A resort management firm owned by Colorado billionaire Philip Anschutz has reached a deal to purchase Kingsmill Resort & Spa from Busch Properties Inc.. The sale adds the Williamsburg-area golf resort to Anschutz’s portfolio, which ranges from Regal Cinemas to the Los Angeles Lakers. (The Virginian-Pilot)

MHI Hospitality Corp., a Williamsburg real estate investment trust, offered $125 million in stock to raise capital. The proceeds will be used for debt repayment, as well as working capital and acquisitions. (The Virginian-Pilot)

Northrop Grumman Newport News shipyard plans to add 1,000 workers to its submarine construction program and invest more than $200 million in the shipyard as the Navy accelerates construction of Virginia-class attack submarines to two a year starting in 2011.  (The Virginian-Pilot)

Old Dominion University opened the Hampton Roads Veterans Business Outreach Center, a training, support and resource facility for veterans who own companies or are looking to start one. The center is funded by the Small Business Administration. (The Virginian-Pilot)

Royal Caribbean International ceased its cruise line operations in Norfolk and moved the ship Enchantment of the Sea to Baltimore. The move was made because Baltimore offered better opportunity to provide year-round cruises and increase passenger traffic. (The Virginian-Pilot)

Virginia Natural Gas has agreed to pay as much as $1.8 million in penalties to settle state regulators’ allegations of multiple pipeline safety violations. In two settlements with the State Corporation Commission covering more than 40 violations, the company didn’t admit or deny the allegations. It agreed to make various changes in its practices and spend $15 million for pipeline-replacement projects. (The Virginian-Pilot)

Virginia Tech, as part of its role in a nine-university consortium, will build a research facility for the National Institute of Aerospace. The university bought five acres of land from Hampton for a 60,000-square-foot laboratory, and the city rezoned another three acres for further expansion. (The Associated Press)



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