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BizSense Beat: June 23, 2023

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BizSense Beat is a weekly collaboration between VPM News and Richmond BizSense that brings you the top business stories during NPR's Morning Edition on Fridays.

Here’s a recap of the top stories for the week of June 23, 2023:

‘Why is there a cover-up?’ Wilder responds to VCU Health payout report, repeats call for state investigation
Reported by Richmond Bizsense’s Jonathan Spiers

Doug Wilder wants more answers.

The former governor of Virginia, former mayor of Richmond and distinguished professor and namesake of Virginia Commonwealth University’s L. Douglas Wilder School of Government and Public Affairs said he isn’t satisfied with the results that came back last week of a VCU-driven review into VCU Health’s ill-fated and costly downtown development deal.

Buc-ee’s seals $6M land deal for first Virginia location in New Kent
Reported by Richmond Bizsense’s Mike Platania

Buc-ee’s has officially taken a bite out of Virginia.

The Texas-based chain known for its massive, beaver-logoed convenience stores and gas stations has purchased nearly 28 acres in New Kent County, where it’s planning its first store in state.

Buc-ee’s bought an unaddressed parcel near Interstate 64’s Talleysville exit off State Route 609 for $6.5 million, according to company general counsel Jeff Nadalo.

VPM to build new 5-story HQ on downtown parking lot
Reported by Richmond Bizsense’s Jack Jacobs

After nearly 60 years on Sesame Street, VPM will soon be on its way to downtown Richmond.

The public media organization announced plans Wednesday to relocate from its current home at 23 Sesame St. in Chesterfield County to a new five-story, 53,000-square-foot headquarters building at 13-17 E. Broad St., next to jewelry store Waller & Co.

VPM President Jayme Swain said the nonprofit’s current, similar-sized headquarters was built in 1964 and has reached its technological limits, which motivated the organization to find a new home better equipped to handle the needs it has in modern times.

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