Ground Breaking for New ABC Headquarters and Warehouse; Speculation about a New Stadium on Hermitage Road
Virginia’s billion-dollar ABC business officially broke ground for its new warehouse and headquarters in Hanover County on Tuesday. The relocation will eventually open up about 20 acres of prime real estate adjacent to The Diamond baseball field.
With bulldozers rumbling over the new site at I-295 and Pole Green Road, Governor Northam said ABC revenues had grown for 21 straight years.
Now, says Northam, "It needs new space."
When completed, this high-tech facility will house 500 employees and process up to 30 thousand cases of liquor a day, with profits going to the state.
"Last year, ABC revenues accounted for about a half-billion dollars that went into our state general fund," Northam said, describing the economic impact.
While it was not part of today’s announcement, talks are underway between the state, VCU and the Richmond Squirrels to build a new “world class” stadium and athletics village at the old Hermitage Road Location
Northam said, "They’re working through that now, but I think it would be exciting for downtown Richmond."
The move is expected to take place in 2021.