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A recap of the biggest business stories in the region over the past three months.
Here were some of the business stories making news in the Fredericksburg region during the second quarter of 2011:
Two local bookstores—Joseph–Beth Booksellers at The Village at Towne Centre and Borders at the Stafford Marketplace—bite the dust. Books-A-Million will take the place of Joseph–Beth at the Spotsylvania mall. Borders was set to be liquidated as early as Friday.
CVS lays off about 100 people at its Lansdowne Road distribution center in Spotsylvania County as the drugstore giant prepares to open a new distribution center in Chemung, N.Y., which will cover some of the territory now served by the Spotsylvania facility.
Building boom continues in North Stafford as BRAC jobs start moving to a new 719,000-square-foot facility off Telegraph Road, and their defense contractors follow.
City pares courthouse proposals down to three and agrees to buy riverfront land using a $200,000 grant from the Fredericksburg Economic Development Authority.
Area homebuilders and suppliers team up to build homes for wounded veterans in Stafford County.
Stafford Economic Development Authority makes $75,000 grant to help Germanna Community College move its automotive-training program to Stafford and pledges $1 million toward permanent Stafford campus for Germanna.
Several national homebuilders including Ryan and K. Hovnanian buy dozens of lots each in the region perhaps sensing better days ahead.
The Walton Group looks at buying parcel in Spotsylvania.
Joint Warfare Analysis Center at Dahlgren in King George loses 155 jobs due to federal defense cutbacks.
Walmart settles on new site for Orange County store that’s farther from Wilderness Battlefield.
Walmart also prepares to open new store near Dahlgren in King George.
Downtown Fredericksburg sees its share of demolition—including the former apartment building at 1200 Prince Edward St., a fire-damaged home at 1407 Caroline St. and the former Fredericksburg Hardware store on William Street.
BY THE NUMBERS
Here is a look at some local economic indicators during the second quarter. Unless otherwise noted, the data are for Fredericksburg, Caroline, King George, Stafford and Spotsylvania. We use the latest data available.
Jan.-April 2011: 296
June 2011: 453
Median housing prices
June 2011: $212,000
New vehicle registrations
Q2 2011: 3,927
Local sales tax receipts