The804.com–Richmond VA Real Estate Blog

June 19, 2007

James River Day Events (June 30)

Filed under: Advocacy — the804.com @ 8:23 pm

Just got this in my inbox…This’ll be an awesome day…. 

There is really something for everyone on James River Day. Mark your calendar for June 30 which is when the events take place!

Here is the schedule of events:

  • 9:00 AM -  Hiking through History on Belle Island.  Rapids, race tracks, potholes and paw paws. A family examination of the James River Park’s natural and  human history often unknown by the casual visitor. Meet at Tredegar Parking lot.
  • 12:00 Noon- Fish release at the Belle Island Quarry - Kids and families welcome for a hands on experience in restoring the pond’s eco system by hand carrying its inhabitants.
  • 2:00 PM- Frog’s Eye Tour of James River Park - Kids and families welcome to explore the shallow shoreline of the river wearing life jackets. Sandy pools, shady channels, rocky otter slides. Wear sneakers or water shoes. Parents welcome. Meet at Reedy Creek Parking Lot.
  • 8:45-9:00 - Torch light tour of the Slave Trail- Follow in silent torchlight the path through the forest from teh stone docks to the slave jails. An emotional 2 mile journey (busses provide the return trip). Bring water, a small flashlight, and good walking shoes. Meet at Ancarrow’s Landing (end of Maury Street)

Best of all, there are no reservations required. All programs offered for a voluntary donation of any amount.

Feel free to pass this information along to non-member friends–they will want to join after participating!

For more information contact JRiverPk@aol.com or call 646-8911.

June 18, 2007

Glutton Opines: Gluttons of the World Unite!

Filed under: restaurants — the804.com @ 8:36 pm

“These are times of bold temptation, as well as prompt surrender, for a carnivorous glutton in New York.” The NY Times gives us A Glutton’s Guide to New York, previewing a number of marvelous restaurants.  Having dined at a couple of these places, tis a good list.

I briefly thought of a comparable Richmond list.  Start with my buffet list from last week.  Add “honorable mentions” Ipanema Grill and Curry House in Innsbrook, and that should do it.  Also, I recently went to a wedding at Foxhead Inn (imho, the best restaurant in Richmond by th    i    s much) where they had an all you can eat spread.  Literally, thought I was in heaven!

As for non-buffet restaurants, I’m able to pig out at Family Secrets, Sugar n Spice, Hickory Notch, and spicy Korean pork BBQ at VIP.  You’ll be getting that ‘itis.

Review Roundup:

June 13, 2007

To FSBO or not to FSBO?: that is the question

Filed under: Discount Brokerage, General Real Estate, trends — the804.com @ 6:37 am

You’ve probably seen the billboards.  The Richmond Association of Realtors’ current marketing campaign centers around scaring folks about trying to sell their homes on their own without an agent (ie, For Sale by Owner or FSBO).  The ads themselves cite numbers like “FSBO Sells for 14% Less.”  Recently, the NY Times  debunks this statistic…well, at least, in one particular market, Madison, WI: One City’s Home Sellers Do Better on Their Own  | Full Study PDF.  

The conclusion, in a study to be released today based on home-sales data from 1998 to 2004 in Madison, Wis., is that people in that city who sold their homes through real estate agents typically did not get a higher sale price than people who sold their homes themselves. When the agent’s commission is factored in, the for-sale-by-owner people came out ahead financially.

The biggest caveat to the study is that this phenomenon occurred in Madison 

Madison is home to one of the biggest for-sale-by-owner Web sites in the country. The economists pitted that site against the local multiple listing service operated by real estate agents…FSBOMadison.com , the subject of a January 2006 article in The New York Times, charges $150 for an ad on the site and a yard sign. Taking advantage of antiestablishment sentiment in Madison, which has a highly educated and liberal population, it quickly grabbed a market share of roughly 20 percent. That made it among the most successful challengers in the country to real estate agent domination of home sales.

Richmond is no Madison.  For now, you’re probably not going to see this trend in our conservative town primarily because there is no dominant FSBO MLS to countervail the more traditional Realtor MLS.  Here are the local online FSBO resources (also, found on the home page).  Most of these are national consolidators:

Historically, FSBOs tend to do much worse in slow markets (which we’re dealing with now).  It’s all about eyeballs and potential buyers, and the “Realtor-Industrial Complex” has a lock on that. Even in this study (during a stronger housing market), FSBOs took longer to sell.  Of course, the biggest headache of going FSBO is that the homeowner “becomes the realtor” by having to show the home, etc…but some people might dig that (or the hassle is worth the 6% saved).  

Ironically, if you are a buyer, this marketing campaign where “FSBO Sells for 14% Less” could backfire…

“We’re trying to tell the public that they pay 16 percent more if they use us?” said an exasperated David K. Stark, owner of the Stark Company, one of Madison’s largest real estate firms, when asked about the national association’s claims. If that were true, he said, “all buyers should shop FSBO.” Mr. Stark is not worried that every seller will stampede to FSBOMadison.com. “Most people list with a Realtor because they don’t want to hassle with it,” he said. “It’s complex. There’s a lot of drama.”

June 12, 2007

Highest & Lowest Home Value Appreciation: Oregon Hill #1, Church Hill #2

Filed under: trends — the804.com @ 6:19 am

This is a continuation of yesterday’s post.  The following lists represent the top 5 and bottom 5 neighborhoods in regards to five year changes in average selling price.  Oregon “Beverly” Hills leads all neighborhoods with a whopping 392% in appreciation!  The good news, even if you were a bottom five neighborhood, your home values still went up the last five years.

Chesterfield

  • Highest Appreciation
    • Brandermill 105%
    • Huntingcreek Hills 100%
    • Colonial Pine Estates 93%
    • Smoketree 93%
    • Antler Ridge 93%
  • Lowest Appreciation
    • Providence Creek 59%
    • Arbor Landing 52%
    • Foxfire 42%
    • Salisbury 40%
    • River’s Bend 39%

Hanover

  • Highest Appreciation
    • Milestone 107%
    • Country Club Hills 96%
    • Fox Head 94%
    • Battlefield Green 90%
    • Sledd Run 85%
  • Lowest Appreciation
    • Summer Grove 58%
    • Meredith Farms 57%
    • Cherrydale 56%
    • Cool Spring Forest 51%
    • Elmont Woods 51%

Henrico

  • Highest Appreciation
    • Laurel Lakes 189%
    • Shannon Green 157%
    • Olde Springfield 111%
    • Bryan Parkway 106%
    • Hermitage Park 102%
  • Lowest Appreciation
    • Twin Hickory 67%
    • Darbytown Meadows 63%
    • Park West 62%
    • Varina Station 55%
    • Greenwood Glenn 43%

Richmond

  • Highest Appreciation
    • Oregon Hill 392%
    • Church Hill 191%
    • Jackson Ward 181%
    • Forest View Heights 125%
    • Ginter Park 117%
  • Lowest Appreciation
    • Monument Ave. Park 72%
    • Westover Hills 68%
    • Fan district 67%
    • North Ginter Park 61%
    • Museum District 28%

Data source: Richmond Magazine, May 2007 (subject to my typing errors)

June 11, 2007

The Most & Least Expensive Neighborhoods in Richmond, Chesterfield, Hanover, Henrico

Filed under: General Real Estate — the804.com @ 6:21 am

I finally got around to analyzing Richmond Magazine’s real estate data from last month.  Here are the results for most expensive and least expensive neighborhoods (average 2006 sales price) by county:

Chesterfield

  • Most expensive
    • Founders Bridge $836,649 
    • Chesdin Landing $695,257 
    • Salisbury $493,714 
    • Foxfire $476,904 
    • The Highlands $474,041 
  • Least expensive
    • Clarendon $186,681 
    • Shenandoah Hills $165,937 
    • Mill Creek $149,508 
    • Huntingcreek Hills $145,077 
    • Colonial Pine Estates $138,979 

Hanover

  • Most expensive
    • Country Club Hills $547,412 
    • Ivy Banks $444,275 
    • Milestone $423,991 
    • Cool Spring Forest $407,424 
    • Bluffs at Bell Creek $385,127 
  • Least expensive
    • Sledd Run $198,431 
    • Bruce Estates $198,245 
    • High Point Farms $198,208 
    • Spring Meadows $192,713 
    • Beaverdam Bluffs $191,666 

Henrico

  • Most expensive
    • Hampshire $597,859 
    • Hunton Estates $593,234 
    • Wyndham $563,877 
    • Cambridge $526,650 
    • Twin Hickory $475,875 
  • Least expensive
    • Shannon Green $201,200 
    • Darbytown Meadows $195,063 
    • Hermitage Park $158,048 
    • Sandston $142,495 
    • Highland Springs $126,226 

Richmond

  • Most expensive
    • Windsor Farms $970,369 
    • Monument Avenue $924,750 
    • Hampton Gardens $750,487 
    • Tuckahoe Terrace $644,463 
    • West Grace Street $574,390 
  • Least expensive
    • Forest View Heights $136,371 
    • Woodstock $121,404 
    • Highland Park $110,217 
    • Montrose Heights $103,349 
    • Mason Park $79,309

Data source: Richmond Magazine, May 2007 (subject to my typing errors)

June 10, 2007

The impact of Wachovia merger and Circuit City layoffs on real estate

Filed under: trends — the804.com @ 8:34 am

One only needs to look at the real estate wasteland of Detroit to understand how the job and real estate markets go hand in hand. Of course, it works both ways.  Remember how happy the “starting at the low 500s” crowd was when the Manhattanites of Philip Morris were relocated?  With the recent local news of Circuit City layoffs and Wachovia Securities-AG Edwards merger, will this have any impact on the local real estate market?  TD real estate beat reporter Carol Hazard writes about this in today’ paper: Richmond vs. St. Louis.  

When Wachovia Securities and Prudential Financial merged in 2003, people from New York and New Jersey came by the hundreds to visit the Richmond area, relocation experts say.  Yet, only about 150 people actually made the move. Nearly 1,000 jobs were created here and 2,500 jobs were lost in New York and New Jersey. This merger could see similar numbers. But again, nothing is certain.

Nationally, the housing market is an already fragile ecosystem (for the first time since NAR reported these statistics, national median prices of homes are projected to fall 1.3%).  In Richmond, add that lots of new housing supply are in the pipeline.   Even local realtor and ever optimist Brick Smith is some kind of blue right now. Like anything else, there will be losers…and winners.  

Also, there is a silver lining with Richmond having lots of remaining and new Fortune 500 employers in play.

For those who want to stay, companies are looking for skilled workers so the chances of finding jobs here are good, said Christine Chmura of Chmura Economics & Analytics in Richmond. 

Addendum

In Monday morning’s TD Commercial Mortgages column, Investment Banker Andrew Little with John B. Levy & Co.  chimes in on this topic:

It will be an uphill battle to replace those jobs, and it will take time. These announcements come at a horrible time, particularly for the housing sector.  The pace of sales in Metro Richmond has slackened for close to two years now, and pending sales in March and April of this year (since the sub-prime meltdown) are down some 8 percent from last year.

When both the banker and realtor are talking doom n gloom, yikes!  I suppose it’s good to be a buyer right now.

June 8, 2007

Glutton Opines: Super King Buffet vs The 804

Filed under: restaurants — the804.com @ 6:59 am

The mound of food at Super King Buffet on Broad (near Total Wine) represents Richmond’s eighth hill. The buffet consists of over 130 items. There are separate stations for traditional Chinese, Japanese sushi, Dim Sum, token American for the kids, and a Mongolian BBQ sector for those who miss Grey Wolf (there’s even Kimchee on the buffet, for God sake). The restaurant is about the size of K-mart with an interesting array of staff members–some looking Triad cool, some cuties, some surly’s.

I have dubbed this place the Human Trough. I visit them about once month for lunch. SKB at lunch is a great value (about ten bucks), as I haven’t figured out how they make money (especially, off me, as I find it a personal challenge to get “my money’s worth” at any buffet. Man vs Steaming Tables). 

Quality? Not the greatest in the world, not the worst, but who cares? The way I see it, it’s real, real hard to mess up California Rolls or sweet and sour chicken or rice. The dessert selection is suprisingly good as well (those deep fried Chinese donut things, Hershey Ice Cream Cups, and the most satisfying part of any Chinese buffet: two cookies and two fortunes if I want them…heck, three if I don’t like my fortune from cookies 1 and 2). I am convinced this place is owned by a local Chinese Cardiologist.

Other favorite Richmond Buffets

  1. The Jefferson Sunday Brunch–The Godfather. For special occasions ($$$$). Total Sunday morning indulgence. The place to take an out of town visitor to wow them with Richmondness.
  2. Peking Sunday–This is actually my favorite overall Chinese buffet. I love the efficiency of this menu…It’s short and simple as they feature their most popular items (wings, springs, sweet/sour chicken, Genreal Tso, Kung Pao, Velvet Shrimp, Shredded Pork, Beef-Broccoli, etc). Champagne and sundae bar are a nice touch.
  3. Hondo’s Sunday--Almost Jeffersonesque in quality, but cheaper… but still expensive. Omelet bar and premiere breakfast items (I especially like their version of Eggs Benedict)
  4. The Glen–Probably, the best American buffet lunch in Richmond.
  5. Cici’s- Five bucks, and I almost believe them when they yell “Welcome to Cici’s!” Not the best pizza in the world, but as the old adage goes, pizza is like sex, even when it’s bad, it’s still pretty good.

Weekly Review Roundup

June 7, 2007

Lions, Shriners, Kiwanis, Oh My

Filed under: Advocacy — the804.com @ 8:34 pm

I just updated Richmond Good Life with some new pages and links (kind of random):

  • Added new Bowling section!  Sweet.
  • Updated Richmond Politics I think I now have all the June primary candidates (and their websites) updated.  It amazes me that some candidates spend all that money on paper signs yet still don’t have a website (or just as bad, a website that doesn’t come up in Google when you type their name and county).  Hire a crew like PharrOut or, hell, I’ll do it for free if I like your positions on the issues.
  • Lastly, I added Service Organizations to the Volunteering section.  If you should find my dead body lying in the Virginia Museum of Fine Arts, you’ll know why.  Just kidding, just kidding.  I actually really respect these kinds of organizations even with the secretness and ancient rituals.  In some ways, doing charity work anonymously is the highest, noblest form.
  • As always, looking for input on this project…

This Week in Richmond Real Estate: Granny Can’t Pay Real Estate Taxes, Innsbrook Twentysomething, Death Throes of Cloverleaf

Filed under: Advocacy, Developments, General Real Estate, downtown, trends — the804.com @ 8:06 am

Big Houses

Company News

CenterStage 

  • Style Weekly: Dissenting Opinion: CenterStage Critic Weighs In More sage words from the CenterStage watchdog Don Harrison.  Maybe, it’s just me, but wouldn’t he be a great candidate to add to the VPAF board of trustees?  There is no one even close in Richmond that has put more time and effort into studying this project than him.

Cloverleaf Mall Project

Community

Downtown

  • DC-based player Douglas Development is looking to complete their massive Broad St investment by purchasing 120 E. Broad, 122 E. Broad, 200 E. Broad and 201 E. Broad.  The Douglas portfolio already includes: … the former Central National Bank tower at Third and East Broad streets. In October of that year, he purchased roughly half the 100 block of East Broad, and in December 2005, he bought the former United Way building and parking lot at Third and East Broad. This year, Jemal added another building in the 100 block of East Broad.  He is using DC’s 7th Street district as his template. This stretch of downtown will be key to linking the Arts Corridor with the CenterStage/Convention/Government Centers area.  The owner Douglas Jemal seems like a larger than life character (see news section).

First Friday Pictorial

Houses for Sale

  • Times Dispatch: The beauty’s in the land; Midlothian woman’s landscaping turns garden into an escape 2611 Robys Way, Midlothian, VA 23113 ( Queenspark) is for sale (see listing).  The kicker is that $300,000 of the $735,000 price is in landscaping improvements. Gail Stepens, the owner, is a horticulturist who runs Nature Plus Designs and has obsessively pimped this house out with green love.  Stevie Watson of Long and Foster is the listing agent.  Features:
    She transformed a flat backyard with one red oak into a rolling landscape with lush vegetation, a stream, stone pathways, a trellis, pavilion, cave and waterfall. From the front, her house — with a rock-lined ditch and circular drive defined by native trees and plants — stands out from the other houses with manicured front yards. More than 1,000 varieties of plants — all native — are in her garden. The house sits on nearly an acre. “Every single inch is landscaped,” she said.

Office Parks

Public Transportation

  • Style Weekly Cover: Mass Appeal: Rising gas prices, dwindling road funds and growing suburban ridership. Why GRTC’s new chief executive has an offer metro Richmond can’t refuse.  I tell you the cover stories for Style have been excellent this year.  For the  market size, our cover stories for the “free entertainment weekly” are among the best in the country.  I think it hangs with the Phoenix, Creative Loafing, City Paper, and, yeah, even Village Voice.  Now, if only the entertainment and arts section overachieved as well…anyways…Article profiles GRTC’s CEO John Lewis’ vision of the future for Richmond public transportation.  He begins with this introduction: “Our route system right now pretty much exactly follows the route systems of our old trolleys that were here 50 years ago,” Lewis says. “Basically, all we did was rip out the rails and put a bus on there. Well, traveling habits have changed. People’s living and commuting patterns have changed. We’ve got to change along with it.”  In detail, the article highlights many new ideas in the pipeline: Logical  route expansion, more express commuter buses, more state funding, regional cooperation, GPS tracking, ticket vending machines, major hubs….  Go John Lewis, Go!

Real Estate Taxes

ULI 

  • ULI NetLearn Series: The Popkin Tavern Renovation. 
    Wednesday, June 20th from 6pm to 730pm.   

    Presented by ULI Richmond Young Leaders and Kindly hosted by Cornerstone Architects Since 1909, 121-123 West Broad Street served Richmond as a furniture showroom. Part of Furniture Row, the Popkin building was home to Popkin Furniture from 1968 until 2004. In 2006, the building underwent a transformation to 18 luxury apartments with Popkin Tavern on the first floor, and Cornerstone Architects providing the inspiration and design for the renovation. Hear from Richard Morse of Cornerstone on the unique challenges and opportunities in turning an old furniture store into a bold, beautiful new restaurant and bar. Learn how they incorporated old furniture into the updated design, and why Popkin Tavern is helping shape and reinvigorate this section of downtown. Please join us for refreshments, a brief program and networking with some of the best and brightest minds in Richmond real estate. On street parking is available.  Limited parking is also available at an “honor lot” behind the building on Grace Street. 

  • THIS NEXT EVENT HAS BEEN POSTPONED: ULI Richmond presents  The Changing Face of Virginia : The Changing Face of Virginia: All You Need to Know About How New Virginia Transportation Legislation Impacts Land Use and You!
    Tuesday, June 12, 2007 , The Jefferson Hotel 101 West Franklin Street Empire Ballroom Richmond, VA 23220

Moderator:  Gloria Freye, Partner McGuire Woods LLP (attorney)
Roundtable: 
The Honorable John C. Watkins, Virginia State Senator 10th Senatorial District 
Jimmy Carr, Assistant Secretary of Transportation, Commonwealth of Virginia
Tommy Pruitt, President Pruitt Associates, LLC 
Trip Pollard, Director, Land and Community Program, Southern Environmental Law Center

What’s New Effective July 1, 2007? Who Pays?
Effective July 1, 2007, the General Assembly passed legislation (HB 3202) that broadens the requirements of traffic impact studies for new development, redevelopment, and rezoning. The objective is to improve the coordination between land use and transportation planning. VDOT will now review and comment on all proposals that significantly impact the state transportation system. 
–What is a “significant” impact? – corralling corridors? intersection development challenges? Other complexities?
–What is the role of VDOT? Local government? Developers? 
–What occurs when two adjacent projects are impacting the same transportation network? (example: Route 288) 
–Who will pay? And how much?

June 4, 2007

I Heart the James River Park

Filed under: downtown, trends — the804.com @ 11:28 pm

The James River Park System is the best city park in the country.  There, I said it. I can’t think of any other major city in the Union that has anything even close to what we have: a generally unspoiled nature preserve spanning the majority of the city’s epicenter with connected “traditional parks” (Byrd, Maymont, and Forest Hill) that are every bit as good as Central in NYC or Piedmont in ATL.  If you’ve ever hiked one if its many trails, it’s simply amazing…For a second, you’ll feel like you’re in the middle of nowhere, like on the Appalachian Trail, but you know damn well Mama Zu’s is less than a mile away if you prefer shrimp fra diavolo over trail mix.  

What, you’ve never hiked JRP?!  That’s cool, lots of Richmonders who’ve lived here for a long time still haven’t been experienced.  A good place to start is James River Days where there is a calendar of events such as sponsored hikes.  Another great resource is the Friends of the James River Parks or James River Outdoor Coalition.  Please consider joining the nature social!

Two great pieces of news today: First, Richmond.com: Graziano sets aside funds for James River Park easement reports progress on the conservation easement process:

The easement is a result of a Graziano-sponsored council resolution of 2005, which calls on the City to draft and negotiate a document that would provide perpetual protection from development for the Park.  Currently, there is no absolute protection from development for the Park. The easement will prohibit any type of commercial, industrial or residential development in James River Park, while allowing the Richmond Department of Parks, Recreation and Community Facilities to continue to manage the Park as a wildlife and nature preserve.

Councilwoman Kathy Graziano, take a bow… 

Second piece of good news, commercial white water rafting, it’s baaaack!  (TD: Rafting will return to James River; Riverside Outfitters set to begin Saturday offering guided trips | River City Rapids: A Raft Will Run Through It).  Riverside Outfitters, take a bow…Riverside (Stratford Hills Shopping Center, near Pony Pasture, 6839 Old Westham Road Richmond, VA 23225 (804) 560-0068) will be offering guided raft trips starting this Saturday filling the void when Richmond Raft Co left the business (see, Style: Fight With City May Force Raft Firm to Close | Times Dispatch: Rafting opportunities on James dry up, With Richmond Raft out of business, there is a commercial void).

I concede that, initially, Richmond Raft contractually was in the right when they fought the city for breech of contract (see their arguments…at the same time, why go after not for profits like VCU Outdoors and Friends of the James?).  Once Richmond Raft’s contract expired, the city had every right to change their outfitter policy.  Rarely, in anything, are monopolies ever a good thing:

Many outdoor enthusiasts and river advocates don’t have any sympathy for Kraft, who had taken the city to court to enforce a contract that essentially gave him a lock on the use of inflatable crafts on the James in Richmond. The contract wasn’t exclusive, but it required major changes to the landscape of James River Park if anyone else were allowed to accept money for guiding inflatables down the river…”Anybody who wants to should be able to take people out on the river as often as they like,” said Molly Dellinger-Wray, president of the Friends of James River Park. “If he had allowed competition, he would still be in business.”

I’m still hoping Richmond Raft gets back in the game (within the new rules).  They were a great outfitter and did a lot of good for the community.  Their website is still up, and the owner has hinted at compromising:

Kraft said he needed a contractual guarantee that he would be able to run raft trips down the James any day he could book them. He said the city wouldn’t do it. “They don’t ensure us access a single day of the year,” he said.

Seems like a reasonable request for Richmond Raft, Riverside Outfitters, and anyone else who wants to give it a try.

June 3, 2007

Artists Needed on Richmond CenterStage’s Board?

Filed under: downtown — the804.com @ 8:17 am

I got a nice comment from Don Harrison on my last post that I’ll republish here….

Thanks for the plug. Actually, when it comes to the arts in Central Virginia, having people on the fundraising and/or programming board who know what they are doing is the key to success.

The link below leads to an essay that recounts some recent successful performing arts and visual arts ventures. Check out how the Virginia Museum of Fine Arts fundraising campaign did with a mixture of arts AND business people on its board: http://styleweekly.com/article.asp?idarticle=13682 

I have no doubt that many non-profits enjoy — as they should — corporate representatives on the board. But very few non-profits completely IGNORE people in the chosen field like VAPAF has. And now Mayor Wilder has.

And the problem with these Richmond all-corporate boards (as I understand it from friends intimately familiar with dealing with them): A lot of them rarely show up to the meetings, they are not versed in the field, they have no emotional (or artistic) interest in the project, some of them are very conservative and they end up doing what’s politically expedient or just going along with the crowd when decisions are made. Sounds great for a vibrant performing arts scene, doesn’t it?

You can imagine trying to schedule a meeting with this ragtag group of Fortune 500 CEOs (all blue bars in Outlook Plan a Meeting).  I giggle when I think of them coming to consensus over a hip-hop act (see second to last paragraph): Mike S: (puffing on a Philip Morris blunt) Petey Pablo is the shizzle, yo! Jim U: Don’t be a gump, son.  Crunk is so 2004, you feel me?  Board Chorus: Wu tang clan ain’t nothing to mess with…

Anyhow, I tried researching other “successful” arts centers to get an idea if CenterStage/Wilder are being out of line with a “corporate/non-arts” arts board.  Kennedy Center (no help here, this venue is unique in and of itself…I hear Condie is a decent violinist) and Lincoln Center (no titles to board member names)…I don’t know enough about the issue to figure out which midsize market (better comparison) arts centers are considered “best practices” in board governance.  If the board itself is comprised of good businessmen, then they ought to ask this very question. 

When you look at the Virginia Museum of Fine Arts board of trustees  (cited in the Style article above), the trustees seem heavy on corporate types and wives of corporate types.  You start to see the artists in advisory and subcomittees (ie, Artistic Oversight, Art Acquisitions Sub-Committee, Museum Expansion, etc).  Perhaps, the next step of the CenterStage process is to develop a strong performing arts advisory board (with real checks and balances power).  The organizations housed in the future building would have to have a seat at this table: Richmond Ballet,  Richmond Boys Choir, Richmond Symphony, Theatre IV, the Virginia Opera, etc.  It’d also be nice to have some representation from the indie performing arts community not being housed.

As for SaveRichmond (kind of cool this website comes up first when you Google “CenterStage Richmond”), keep on ombudsing, man. 

June 2, 2007

My 2 cents on CenterStage

Filed under: downtown — the804.com @ 6:52 pm

Times Dispatch: Richmond breaks ground for long-awaited arts center
This is the now. This is the here. This is the possibility. This is the potential
Doug

So, have I swallowed the kool-aid after last night?  Look, it was nice to see the suits (some looking nervous) and hipsters w tats (apparently, beards are in, Weezer look out) walking hand-in-hand being led by a boisterous brass jazz band.  For one night every month, Broad St literally feels like Greenwich Village (ok, GV on a slow night with more vacants…ie, the Village in the good old days).  All the restaurants (27, Tarrant’s, Chez Foushee) were jam packed, the art galleries were humming (must have been a madhouse at Gallery 5), and the vibe in the air was good.  Christina Newton deserves sainthood (btw, support the Culture Vultures!).  You imagine if we could re-create this scene every night?! or even just every Friday and Saturday.  Could CenterStage with its pre/post-performance dinner crowd help make this vision happen?  Lots of folks are starting to flip:

As he walked, Shockoe Bottom restaurateur Mike Byrne (Richbrau) said he never would have imagined himself at the groundbreaking. He vigorously opposed the city’s meals tax increase approved in 2003 that launched the arts-center project.  He now supports the project because it’s smaller in scale and more control is ceded to the city. “Everything, to me, makes sense now,” he said.

Anyways, back to the kool-aid.  I’m soo ready (got my black Nikes on and everything), but that damn SaveRichmond just won’t let me take a sip.  Two back-to-back devastating critiques of the CenterStage project : You Might Still Have a Boondoggle… | The Sixth Street Marketplace of The Arts.  Must-reads.  Also, worthy of reading is Urban Richmond?: Groundbreaking Report & Discussion.  The author makes a great point about corporate boards being the norm for not for profit groups (just check out the boards of directors of any nfp in town.  You want bigwigs for their fundraising and overall influence):

***Update: So a friend who’s experienced in the non-profit world has told me that in non-profit governance, you actually want almost exclusive representation from corporate leaders. The theory is they’ll make sure that the program folks, who’re actually running the show, have someone with business sense to make sure their “hearts” don’t get ahead of their pocket-books. In other words, corporate types theoretically make sure that the money they and others are donating to the organization is well managed and spent wisely. The program folks, in this instance the arts community, should have oversight of the activities of the non-profit.

Since the dawn of man and the paintbrush, the arts have always had rich patrons (would there be a Shakespeare without a Wriothesley).  These days the Medicis are the Ukrops of the world (damn, that’s my second Ukrops reference today).  Like UrbanRichmond, the board of directors thing doesn’t bother me (many are representatives of companies that have already committed serious dollars to the project.  For example, MeadWestvaco has pledged $1.5 million.  Of course, those folks need to be at the table)…

In the end, it’s the taxes and mismanagement issue that is the basis for SaveRichmond’s most powerful arguments.

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