Lisa Rowan

4 days ago | cardinalnews.org | Lisa Rowan

Averett University is hoping investors will relax the rules on its bonds that have been in technical default since the beginning of the year. The university took out nearly $15 million in bonds in 2017 to pay off old debts and to renovate campus buildings. As of June 2024, about $13.3 million remained on the balance to be paid through 2047.

1 week ago | cardinalnews.org | Lisa Rowan

Averett University’s financial situation last summer raised serious concerns about its ability to operate, according to a draft audit prepared for the university. But the private university in Danville has had recent fundraising successes that may help pave its path forward.

2 weeks ago | cardinalnews.org | Lisa Rowan

A few days before graduation at Virginia Military Institute, Superintendent (Ret.) Maj. Gen. Cedric Wins spoke with the class of 2025 for the last time. “We’ve come in together and we will leave out together,” he told them. The class of 2025 was the first to matriculate at VMI under Wins’ leadership. In May, it was the last to graduate before his tenure ends this month.

3 weeks ago | cardinalnews.org | Lisa Rowan

More than 30 years ago, the General Assembly created a fund to reward tipsters who shared information leading to motor vehicle theft arrests. If there’s leftover money in the Help Eliminate Auto Theft — better known as HEAT — reward fund, the Virginia State Police can allocate it to educational programming to help drivers prevent auto theft or to support local law enforcement or judicial agencies in their efforts to reduce theft.

3 weeks ago | bdtonline.com | Tad Dickens |Dean-Paul Stephens |Lisa Rowan

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