Month: April 2013

Loudoun County Says 'YES" to the Hounds & Cavalry FC

Ashburn-based facility on track for a 2014 opening for baseball and soccer

Ashburn, VA – April 3, 2013 – Following this evening’s vote by the Loudoun County Board of Supervisors, professional baseball and soccer will come to Loudoun County, Virginia, in 2014. The Board voted to approve the request to build the privately financed facility in Ashburn within the One Loudoun development at the interchange of Route 7 and Loudoun County Parkway.

“Tonight’s strong vote of support is a testament to the level of support and desire to have professional sports to call our own in Northern Virginia and Loudoun County,” said Bob Farren, President and CEO of VIP Sports & Entertainment. “I want to profusely thank our fans who have supported us over these many years and I can’t wait to put a shovel in the ground and create a facility that will be a source of affordable, family fun for generations to come.”

In the coming weeks, VIP Sports & Entertainment will be announcing a number of additional events, ranging from Ballpark Groundbreaking to Hounds FanFest and Cavalry FC SoccerFests, in addition to other important announcements.

Farren concluded, “We are excited about our sports future with the Hounds and Cavalry FC. The ballpark will serve as a community gathering point and is another example of why Loudoun County is a great place for families and businesses alike.”

The Hounds’ website is http://www.LoudounHounds.com and they can be found on social media at Facebook.com/HoundsBaseball andTwitter.com/LoudounHounds. Cavalry FC’s website ishttp://www.VirginiaCavalry.com, and they can be found on social media at Facebook.com/VirginiaCavalry and Twitter.com/CavalryFC.

For additional information or to set an interview, please contact David D’Onofrio at 703-981-6034 or ddonofrio@loudounhounds.com.

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About VIP Sports & Entertainment/Loudoun Hounds/Virginia Cavalry FC
The mission of VIP Sports &Entertainment is to provide the families of Loudoun County and Northern Virginia with a spectacular, state-of-the-art entertainment venue for hosting a wide variety of fun, affordable attractions year-round — from Loudoun Hounds professional baseball, Virginia Cavalry FC professional soccer and other sports, to concerts, festivals, shows, fairs, community and charity events.

Buyers Can Afford More House, Courtesy of Lower Operating Costs

The National Association of Home Builders (NAHB) recently released a new study which found that new home owners are able to purchase homes more on the expensive side, due to the decreased cost in maintaining newer homes. The study compared and analyzed the costs of utility, maintenance, property tax and insurance costs for new versus older homes.

It revealed that home buyers can afford to spend 23% more for a new home versus one built before 1960, while still maintaining the same amount of annual costs the first year. While mortgage payments will be more with a new, higher priced home, home owners will have annual costs about the same as if they’d purchased an older home with smaller mortgage payments and higher operating costs.

As NAHB Chairman Rick Judson pointed out, “Home buyers need to look beyond the initial sales price when considering whether to buy new construction or an existing home.They [home buyers] will find that with the higher costs of operating an older home, they can often afford to spend more to buy a new home and still have annual operating costs that fit their budget.”

The NAHB found that homes built prior to 1960 yield maintenance costs of $564 per year. Homes built after 2008 averaged $241. This is good news for new home buyers in Loudoun County—especially residents and home owners at One Loudoun! The study also found that operating costs averaged 3% of the home’s value for post-2008 homes, versus those built pre-1960 which yielded operating costs of nearly 5% the home’s value.

Source: National Association of Home Builders