Feb 5, 2015
Client Richmond International Raceway Following Legislation To Tap Into Regional Tourism Funding
Richmond International Raceway (RIR) could soon be a candidate for tapping into a state program that uses sales tax revenues to help finance regional tourism projects. The General Assembly is currently considering legislation, supported by Governor Terry McAuliffe, that would broaden the use of these funds to partially finance regional tourism projects representing at least $100 million in investment. McGuireWoods Consulting Senior Vice President and head of the firm’s Infrastructure and Economic Development service area Christopher Lloyd is currently representing the raceway with Senior Vice President Preston Bryant and the pair are following the aforementioned legislation for RIR through this General Assembly session.
Recently, the Richmond Times Dispatch covered the progress of this legislation. To read the RTD’s full coverage on this issue, please click here.