• The Virginia Tech Foundation is asking the town to change zoning regulations so it could build a six-story building on the edge of downtown that would feature retail, classroom space and a rooftop restaurant. The building would be on the site of the former Buffalo Wild Wings near the intersection of North Main Street and Prices Fork Road. The foundation hasn’t submitted formal plans yet, but is instead requesting a zoning ordinance change that would allow it to submit a formal conditional use permit in the future.

    The foundation has indicated the building could be up to 235,716 square feet. For reference, the nearby North End Center on Tech’s campus is 141,000 square feet. “We’re excited about it [the development project] and we think it will be a great addition to Blacksburg,” Tech Foundation CEO John Dooley said.

    The building would host a “national mercantile retailer,” restaurants on the main level and on the rooftop that features an outdoor terrace, space for computer science faculty, behavioral health faculty including counseling offices and the Outreach and International Affairs department, according to the letter. There would also be additional retail space for two or three tenants.

    Read the full article on The Roanoke Times here.

  • The Virginia Tech Foundation Executive Committee will consider the annual budget for WVTF Public Radio and RADIO IQ at its meeting June 21 at The Hotel Roanoke & Conference Center, 110 Shenandoah Ave. NW in Roanoke.

    The portion of the meeting dealing with WVTF will begin at 11 a.m. and is open to the public because a portion of the WVTF budget comes from public funds. Only the portion of the meeting concerning the WVTF budget will be held in open session.

    Services of Virginia Tech, WVTF Public Radio, and RADIO IQ are listener-supported National Public Radio member stations. They broadcast locally and nationally produced classical and jazz music programs, NPR and BBC news shows, and locally produced news and other cultural and entertainment programs. The stations cover central, southwest, and southern Virginia, as well as parts of North Carolina and West Virginia.

  • The foundation accounting department has released its fiscal 2019 year-end closing schedule. The year-end closing dates for deposits, disbursements, establishing new funds, and corrections to foundation funds are provided on the downloadable schedule. We ask that all departments put in their requests early to allow ample time for processing.

  • The endowment payout for the upcoming fiscal year will remain the same as the current FY 18-19 payout of 4.31%. Read the full memo for additional details.

  • Nearly two years after the creation of the VTC Innovation Fund, the Virginia Tech Foundation and Carilion Clinic have again partnered to create the VTC Seed Fund, a $7 million venture capital fund, to facilitate additional pathways for innovative products and technologies to be commercialized.

    The VTC Seed Fund expects to further increase engagement and mentorship with Virginia Tech alumni, Carilion faculty/employees, regional entrepreneurs, and high-net-worth individuals. Read the full article on VT News here.

Pages