The billionaire made a renewed offer to take over the company earlier this week, but has been turned down.
Businesses are settling into their new locations in the Lexington area. And more national chains are on the way.
Buena Vista’s median home values rose 60% since 2020. The city used to have one of the highest property tax rates in Virginia, but a recent cut brought Buena Vista below the state average.
The billionaire made a renewed offer to take over the company earlier this week, but has been turned down.
The heavy losses came amid a cascade of cancellations and shutdowns across the globe — including President Trump’s suspension of most travel to the U.S. from Europe.
The virus’s rapid outbreak has sent stocks tumbling in all the world’s top markets.