BREAKING: Wilder calls for Rao’s dismissal, JLARC investigation after $73M VCU Health development payout richmondbizsense.com/2023/05/09/dou… VCU Wilder School VCU Health VCU Governor Glenn Youngkin City of Richmond, VA Blue Owl Capital @UMBBank

Story updated with response from VCU: “We agree with Gov. Wilder that this financial outcome is disappointing. But by late 2021, construction and other challenges made it simply impossible to build the original project.” richmondbizsense.com/2023/05/09/dou… VCU Health

It turns out that backing out of a downtown development deal cost VCU Health System more than a single $73 million payment. In fact, the overall cost to the health system appears to be ongoing.

“I think in hindsight a lot of the decisions that were made around this project were really driven by mission, values. Perhaps not enough emphasis was placed on the financial implications of the decisions made.” - VCU Health interim CEO Marlon Levy. W/ reporting from Jack Jacobs

“It’s a challenging time, and we thought it would be time at this point to go out on top and make that decision sooner rather than later.” - Yebo's Robyn Zacharias on decision to close ad agency after 35 years:

“If I have a difficult issue come up or have a difficult judge when I’m in court, I can always say, ‘That is not as hard as swimming for 33 hours.’” - Hirschler's Courtney Paulk on her ultradistance open water swimming:

BREAKING NEWS: Markel | Eagle named residential developer for GreenCity project richmondbizsense.com/2023/08/17/bre… Henrico County Government Henrico EDA Eagle Construction

'Horribly one-sided, and certainly not what any of us would have recommended as a starting point for a complex transaction such as this.' - Hunton attorney on risks in VCU Health's ill-fated downtown development deal:

In the latest Pitch: #RVA marketing and ad news from The Martin Agency westcarygroup Elevation jim harenchar Cade Martin Campfire & Co BES Studios Addison Clark visitvirginia

Richmond developer, grandson compete tonight on ‘Lego Masters’ TV show richmondbizsense.com/2023/09/28/ric… LEGO Masters FOX UVA UVA Architecture LEGO

‘He won’t stop’: Health system CEO fought for VCU leadership to reconsider costly downtown development richmondbizsense.com/2023/10/02/he-… VCU Health VCU Governor Glenn Youngkin City of Richmond, VA Levar Stoney The Doorways RMHC Richmond Concord Eastridge Blue Owl Capital Saul Ewing LLP Chartis

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‘Wait till they really hear the deal’: Despite efforts, doomed VCU Health development couldn’t be saved richmondbizsense.com/2023/10/16/wai… VCU Health VCU City of Richmond, VA Levar Stoney Blue Owl Capital Mesirow Vivek munderi umbban

JLARC poised to examine VCU Health in light of failed development richmondbizsense.com/2023/10/17/jla… VCU Health Virginia JLARC VCU Governor Glenn Youngkin City of Richmond, VA L. Douglas Wilder Mark Warner Tim Kaine Rep. Bobby Scott Jennifer McClellan

The latest Pitch is out w/ #RVA ad and marketing news from Elevation Novus Creative Hue&Cry Campfire & Co Rick Whittington artsandletters.xyz Addison Clark Cade Martin richmondbizsense.com/2023/10/17/the…

Century-old William Byrd Hotel Barber Shop shuttering as landlord seeks new operator richmondbizsense.com/2023/10/27/cen… Brovado Barbershop VCDC project:HOMES

GUEST COMMENTARY: Edwin Slipek to be honored next month with Branch Medallion richmondbizsense.com/2023/10/27/gue… The Branch Museum Maggie Walker Governor’s School @VCUarts ArchitectureRichmond

The $100M question: Why was doomed VCU Health development’s loan amount so high? richmondbizsense.com/2023/11/13/the… VCU Health Blue Owl Capital Mesirow @UMBBank VCU City of Richmond, VA Concord Eastridge Colliers

JLARC OKs VCU Health review in light of failed downtown project richmondbizsense.com/2023/11/14/jla… Virginia JLARC VCU Health VCU City of Richmond, VA Governor Glenn Youngkin L. Douglas Wilder Mark Warner Senator Tim Kaine Rep. Bobby Scott Jennifer McClellan

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