logo
Virginia Aquarium major exhibits in need of urgent upgrades, assessment shows

Virginia Aquarium major exhibits in need of urgent upgrades, assessment shows

Yahoo5 hours ago

VIRGINIA BEACH, Va. (WAVY) – The one of the state's biggest attractions, is in urgent need of upgrades, according to a recent assessment presented to the Virginia Beach City Council.
That assessment determined the useful life of major exhibits at the Virginia Aquarium, including the Seal Tank, Turtle Tank and Shark Tank. These three exhibits are 30 years old. It was determined these exhibits have reached their life expectancy, necessitating immediate repairs to extend their usability.
The assessment revealed that approximately $10 million in repairs could extend the life of the aquarium's exhibits by 8 to 10 years. This funding would be jointly provided by the city and the
The Virginia Aquarium & Marine Science Center is a collaboration between the City of Virginia Beach and the Virginia Aquarium & Marine Science Center Foundation. The City of Virginia Beach owns and maintains the Aquarium's buildings and grounds. The Foundation procures and maintains the Aquarium's collections, including its fish and animals.
Virginia Aquarium now charging for parking
In addition to the temporary fixes, a long-term solution involves constructing a new building, which could take up to seven years to complete. The report stresses the urgency of securing funding for the immediate repairs to ensure the exhibits remain operational during this period.
There were three separate studies conducted.
The interior infrastructure study was facilitated by the Virginia Aquarium Foundation and focused on the conditions of the Seal, Shark and Turtle habitats.
An exterior infrastructure study led by Moseley Architects with Thorton Tomasetti as sub-consultants. It focused on the exterior condition.
An operating model study conducted by consultant Canopy Strategic Partners examined potential operating models, including the amount of funding needed.
The results of the first two studies are what were presented during the June 24 meeting. The results of the third study are expected by year end.
Virginia Beach City Council approves Virginia Aquarium funding
The Virginia Beach City Council Meeting – Special Formal Session was held on June 24, 2025. You can view the meeting in its entirety on YouTube.
The Virginia Aquarium is the third most visited attraction in the Commonwealth, according to the Foundation. The need for upgrades highlights the importance of timely investment to preserve one of Virginia's key attractions.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Lamb Weston bows to pressure from Jana Partners with board revamp
Lamb Weston bows to pressure from Jana Partners with board revamp

Yahoo

time7 minutes ago

  • Yahoo

Lamb Weston bows to pressure from Jana Partners with board revamp

Lamb Weston has bowed to pressure from shareholders Jana Partners and Continental Grain Co. by restructuring the potato-products supplier's board. The publicly listed US group said it will expand its board composition to 13 members from 11 previously, with four new directors appointed by Lamb Weston and another two mutually agreed by the French fries maker, activist investor Jana Partners and Continental Grain. Lamb Weston added the appointments will take place no later than 11 July. Jana Partners has been calling for a change in the company board's since it took a minority stake in Lamb Weston last year and had criticised the business for what it called "self-inflicted mis-steps" in terms of its performance. Those steps included profit warnings, inventory write-downs, plant closures and staff layoffs. As Jana Partners pressed for a change of leadership and/or a sale of Lamb Weston in December a new CEO was appointed in the form of Michael Smith. Both Jana Partners and Continental Grain expressed their satisfaction with the board changes in a joint statement with Lamb Weston yesterday (30 June). Scott Ostfeld, a managing partner and portfolio manager at the activist group, said: 'I look forward to working with the board and management to improve performance and deliver shareholder value.' Ari Gendason, the chief investment officer of Continental Grain, added: 'While substantial opportunity remains, today's announcement marks an important step in positioning Lamb Weston for long-term value creation. 'We are pleased to have reached this resolution and will continue to work constructively with Lamb Weston as it takes steps to enhance its near and long-term performance.' The new board appointees picked by Lamb Weston are Bradley Alford, Timothy McLevish, Scott Ostfeld and Ruth Kimmelshue. The mutually agreed members are Lawrence Kurzius and Paul Maass. Alford, a consumer goods veteran with experience at US food peer Conagra Brands and Swiss giant Nestlé, will take on the role of board chairman. Twelve of the new director picks will be independent. Meanwhile, Charles Blixt, WG Jurgensen, Robert Niblock, and Maria Renna Sharpe will step down from the board. The new board composition is set to be formalised at the company's 2025 annual general meeting, where the appointed directors will stand for election. Commenting on the board reshuffle, CEO Smith said: 'Following our constructive engagement with them [Jana Partners and Continental Grain] and taking into account perspectives gleaned from discussions with additional stockholders, we are confident this outcome is in the best interests of the company and all of our shareholders.' In February, Lamb Weston received an unsolicited offer from TRC Capital Investment to buy up to two million shares of the company. It also emerged in December that another US food peer of the company, Post Holdings, was reportedly interested in acquiring Lamb Weston. Post Holdings did not respond to Just Food's request for comment on the speculation at the time. Lamb Weston reported its latest results in April. Third-quarter net sales rose 4% to $1.52bn from a year earlier but net income was flat at $146m. Adjusted EBITDA climbed 6% to $363.8m. The company left its fiscal 2025 outlook unchanged, targeting net sales of $6.35bn to $6.45bn. Adjusted EBITDA was forecast at $1.17bn to $1.21bn. Adjusted net income was expected of $440m to $460m and adjusted diluted EPS at $3.05 to $3.20. "Lamb Weston bows to pressure from Jana Partners with board revamp" was originally created and published by Just Food, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio

What Makes Copart (CPRT) a Lucrative Investment?
What Makes Copart (CPRT) a Lucrative Investment?

Yahoo

time7 minutes ago

  • Yahoo

What Makes Copart (CPRT) a Lucrative Investment?

Qualivian Investment Partners, an investment partnership focused on long-only public equities, released its Q1 2025 investor letter. A copy of the letter can be downloaded here. The fund outperformed the iShares MSCI USA Quality Factor ETF (QUAL) by 66.0% and 59.4% on a gross and net basis, since inception through March 31, 2025. It also exceeded the S&P 500 by 32.7% and 26.1% respectively, on a gross and net basis. In Q1 2025, the fund outperformed QUAL by 5.3% and 5.2% on a gross and net basis, and we outperformed the S&P 500 by 5.2% and 5.1% on a gross and net basis. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Qualivian Investment Partners highlighted stocks such as Copart, Inc. (NASDAQ:CPRT). Copart, Inc. (NASDAQ:CPRT) is an online auction and vehicle remarketing services providing company. The one-month return of Copart, Inc. (NASDAQ:CPRT) was -3.41%, and its shares lost 10.28% of their value over the last 52 weeks. On June 30, 2025, Copart, Inc. (NASDAQ:CPRT) stock closed at $49.07 per share, with a market capitalization of $47.448 billion. Qualivian Investment Partners stated the following regarding Copart, Inc. (NASDAQ:CPRT) in its Q1 2025 investor letter: "Copart, Inc. (NASDAQ:CPRT) provides online auctions and vehicle remarketing services. It offers vehicle sellers, mostly comprised of P&C insurance companies, a full range of services to process and sell vehicles primarily over the internet through proprietary online auction technology. The online auctions sector is a two-player oligopoly in which CPRT is the larger and better managed player. The sector is characterized by steady and predictable growth and would be very hard to disrupt by an outside player." A busy car auction being held at a leading car dealership, buyers and sellers engaging in active bidding. Copart, Inc. (NASDAQ:CPRT) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 57 hedge fund portfolios held Copart, Inc. (NASDAQ:CPRT) at the end of the first quarter, which was 53 in the previous quarter. While we acknowledge the potential of Copart, Inc. (NASDAQ:CPRT) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered Copart, Inc. (NASDAQ:CPRT) and shared Renaissance Large Cap Growth Strategy's views on the company. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. While we acknowledge the potential of CPRT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Ramaco to Host U.S. Secretary of Energy, Top Elected Officials for Historic Ribbon Cutting Ceremony for Nation's First Rare Earth Mine in Decades
Ramaco to Host U.S. Secretary of Energy, Top Elected Officials for Historic Ribbon Cutting Ceremony for Nation's First Rare Earth Mine in Decades

Yahoo

time8 minutes ago

  • Yahoo

Ramaco to Host U.S. Secretary of Energy, Top Elected Officials for Historic Ribbon Cutting Ceremony for Nation's First Rare Earth Mine in Decades

The Brook Mine will also be first new coal mine in Wyoming in over 50 years RANCHESTER, Wyo., July 1, 2025 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ: METC, METCB, "Ramaco" or the "Company") and Ramaco Rare Earth, LLC will host a landmark ribbon cutting and groundbreaking ceremony on Friday, July 11, to commemorate the opening of the Brook Mine Carbon Ore Rare Earth project. It will be the first new rare earth mine in the United States in more than 70 years and first new coal mine in Wyoming in over 50 years. The event, themed "American Independence: A Rare Earth Revolution," will take place at Ramaco's iCAM Technology Center in Ranchester, Wyoming, and is scheduled to feature remarks from national and state leaders. This includes U.S. Secretary of Energy Chris Wright, Wyoming Governor Mark Gordon, U.S. Senators John Barrasso and Cynthia Lummis, U.S. Representative Harriet Hageman and former U.S. Senator and Ramaco Board member Joe Manchin. "This is more than a ribbon cutting — it's a declaration of America's resolve to reclaim its leadership in critical minerals and energy independence," said Randall W. Atkins, Chairman and Chief Executive of Ramaco Resources. "We are proud that Ramaco will be developing the first new mine to lead the United States in creating a viable domestic supply line of strategic rare earths and critical minerals. " Atkins continued, "The magnitude of our deposit is such that the Brook Mine will be able to supply a substantial portion of the critical supply needed for our country for many decades to come. We have been able to find these critical materials associated with coal, an abundant resource that indeed the United States possesses the world's largest supply. This demonstrates that coal will continue to play a vital role in supplying our nation's critical minerals as well as energy requirements. China may now be dominating these critical materials. But this will be America's rare earth mine." Senator John Barrasso stated: "For generations, the people of Wyoming have harnessed our coal resources for the benefit of America. Thanks to groundbreaking research in Wyoming, we now know this coal is a new source of critical, rare-earth minerals. This exciting development will allow Ramaco to open the first rare earths mine in the United States in decades. Mining our own minerals will help safely and securely power the advanced technologies driving our economy and national defense. And once again, Wyoming's energy resources are leading the way." Senator Cynthia Lummis stated: "Wyoming does not follow energy trends, it creates them. Ramaco's decision to open the first rare earths mine in decades marks a new chapter in Wyoming's rich mining heritage and will produce resources needed to achieve energy independence and grow our economy. Wyoming continues to fuel American progress while creating high-paying jobs for our communities, and I thank Ramaco for investing in Wyoming." Governor Mark Gordon stated: "Wyoming continues to be a leader in energy innovation, including the expansion of our critical mineral industries. With support from the Energy Matching Funds Program, we are celebrating the exciting potential for Wyoming coal and rare earth minerals, along with their role in the expansion of our state's energy economy." The Brook Mine project represents a strategic milestone in the nation's efforts to reduce foreign reliance on critical minerals essential to defense, technology, and clean energy. Coal miners, community leaders, industry stakeholders, and local, state, federal officials will be in attendance at the ribbon cutting event, which is also open to the press. For more details or registration information for the groundbreaking please email info@ ABOUT RAMACO RESOURCES Ramaco Resources, Inc. is an operator and developer of high-quality, low-cost metallurgical coal in southern West Virginia, and southwestern Virginia and a developing producer of coal, rare earth and critical minerals in Wyoming. Its executive offices are in Lexington, Kentucky, with operational offices in Charleston, West Virginia and Sheridan, Wyoming. The Company currently has four active metallurgical coal mining complexes in Central Appalachia and one development rare earth and coal mine near Sheridan, Wyoming in the initial stages of production. In 2023, the Company announced that a major deposit of primary magnetic rare earths and critical minerals was discovered at its mine near Sheridan, Wyoming. Contiguous to the Wyoming mine, the Company operates a carbon research and pilot facility related to the production of advanced carbon products and materials from coal. In connection with these activities, it holds a body of roughly 76 intellectual property patents, pending applications, exclusive licensing agreements and various trademarks. News and additional information about Ramaco Resources, including filings with the Securities and Exchange Commission, are available at For more information, contact investor relations at (859) 244-7455. View original content to download multimedia: SOURCE Ramaco Resources, Inc.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store