Here’s a recap of the top stories for the week of April 10, 2026:
CarMax Park hosts inaugural home game in Richmond
Reported by BizSene’s Jonathan Spiers
The Richmond Flying Squirrels picked up their first victory at CarMax Park, celebrating the long-awaited opening of the multimillion-dollar ball park with a 3–2 victory over the Altoona Curve.
A ribbon-cutting ceremony officially opened the stadium built adjacent to The Diamond, a ball field that opened in 1985. The new 10,000-seat arena was built over about two years and cost around $140 million, according to Flying Squirrels managing partner Lou DiBella.
The Flying Squirrels’ ownership group led CarMax Park’s development along with Machete Group, a Houston-based firm that advised the ballclub on the project that was financed through the city’s debt obligation.
CarMax Park is the anchor of the 67-acre Diamond District development, which will be a mix of hotels, housing, retail and office space.
Greyhound station redevelopment shifts into gear
Reported by BizSense’s Mike Platania
Entities tied to Allen Investment Partners are planning to redevelop the former Greyhound bus station at 2910 N. Arthur Ashe Blvd. into a mixed-used development.
The property was purchased for around $20 million in a pair of deals thought to be a major step towards AIP’s plan to transform the 5-acre property into a seven-story complex with 386 apartments.
The development would also include 14,000 square feet of retail space, a 388-space parking deck, 55,000 square feet of amenities and three courtyards.
The complex could eventually reach over 630 units, as plans filed with the city in February include a second “future building” that would rise behind the first one and total 269 units.
AIP has been eyeing the site for more than two years, initially filing plans in late 2023.
Southside Speedway master plan underway, according to developers
Reported by BizSense’s Jack Jacobs
A year after leasing Southside Speedway, the team behind the site’s redevelopment are working toward securing county approval for a master plan by spring 2026.
Chesterfield County and Competitive Racing Investments LLC formally announced a 20-year ground lease-to-purchase agreement for the purpose of bringing auto racing back to the shuttered Southside Speedway in 2025.
The plan is expected to include upgrades to the racetrack, along with added features to support a wider range of events, as the group continues making improvements to modernize the facility and bring racing back.
Developers are treating the effort as a phased, long-term project that depends on master plan approval before moving into larger construction and expansion.
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