In another example of how Great Things Are Happening in Newport News, Governor Terry McAuliffe has announced that the City Center at Oyster Point Entertainment District has been certified for financing through Virginia’s Tourism Development Financing Program. The total capital investment for the Entertainment District Tourism Project is $26 million. The designation as an Entertainment District Tourism Project qualifies some businesses for temporary tax relief. It’s estimated that 525 jobs will be created as a result of the recent certification.
In addition, newspaper and website operator Daily Press Media Group is moving its headquarters to the area this fall. With over 150 employees, the Daily Press Media Group will bring an influx of daytime activity to City Center, while the new Entertainment District will bring more vibrancy to the after-work and weekend hours. Read more.