Thursday, May 29, 2025

Good Morning! On this day in 1787, delegates at the Constitutional Convention in Philadelphia presented “The Virginia Plan,” mostly written by James Madison. It outlined a federal government with three branches that would check each other to prevent the abuse of power.

The city of Richmond has water everywhere this week, but is it safe to drink? The Virginia Flyover has answers in Top Stories.

Today’s sponsor is Pacaso, offering an investment opportunity in the real estate industry.

Don’t feel like reading the national edition of The Flyover? Tune in to The Flyover Podcast! New episodes drop daily—watch on YouTube or listen on Spotify and Apple Podcasts, all in under 15 minutes.

Water Warnings in Richmond

Richmond’s latest boil water advisory may be lifted today if the pressure remains strong and testing indicates the water is safe to drink. Samples collected yesterday must remain free of bacteria for 24 hours.

On Tuesday, the city issued warnings covering much of its service area after clogged filters at a treatment plant caused low water pressure and cloudy water.

Mayor Danny Avula told restaurants and businesses they could remain open if they followed the city’s boil advisory guidelines. Public schools were open for students yesterday.

Nearby water systems were not affected by this advisory, which coincides with a period of heavy rain across the region. In Henrico, which lost service when Richmond’s facilities failed in January, officials said water tanks were filled and ready to deliver water.

Spanberger Leads Governor’s Race

The latest statewide poll shows Democrat Abigail Spanberger holding a 17-point lead over Republican Lt. Gov. Winsome Earle-Sears in the race to be the Commonwealth’s next governor.

The results of the Roanoke College survey mirror another poll conducted by the advocacy group Virginia FREE. That poll showed that the former congresswoman was leading among independent voters, 53% to 47%.

This week, the Earle-Sears’ campaign amended the financial disclosure forms she filed as lieutenant governor to indicate that outside organizations had paid for several previously undisclosed trips.

UVA political expert Larry Sabato cautioned that it is far too early to draw conclusions. “It‘s a long time from November. Everything can change. Everything probably will change,” he said.

Best Places to Live

According to the U.S. News & World Report ranking of the best places to live in Virginia, Burke claimed the top spot. The city stands out for its job market, median household income, and higher quality of life.

Reston and Arlington were virtually tied at No. 2 and No. 3 on the survey. Hampton Roads is home to the remaining cities in the top 5, with Virginia Beach and Chesapeake ranking fourth and fifth.

U.S. News weighed multiple factors to determine the rankings, with quality of life and economic value leading its criteria.

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He’s Already IPO’d Once – This Time’s Different

Spencer Rascoff co-founded Zillow, scaling it into a $16B real estate giant. But everyday investors couldn’t invest until after the IPO, missing early gains.

“I wish we had done a round accessible to retail investors prior to Zillow’s IPO,” Spencer later said.

Now he’s doing just that. Spencer teamed up with fellow Zillow exec Austin Allison to launch Pacaso. Pacaso’s co-ownership marketplace is disrupting the $1.3T vacation home market. They’ve already surpassed $110M in gross profit and $1B in transactions.

They also recently reserved their Nasdaq ticker PCSO. But unlike Zillow, you can invest in Pacaso as a private company.

Become a Pacaso investor at $2.80/share before midnight PST tonight.

➤ Richmond: As many as 742 bodies may be buried beneath a Confederate marker near the site of a former Civil War military hospital, according to a radar survey. No records survive to identify the remains. (Details)

➤ Chesterfield: Fire department officials warned that residents may see smoke this week from a fire at an abandoned coal refuse pile that dates to the 1870s. There’s no danger of the fire spreading. (More)

➤ Virginia Beach: The school board updated the district’s diversity, equity, and inclusion policies, mostly by removing words such as “diversity” that violate Trump administration directives on DEI. (Details)

➤ Abingdon: The Virginia Highlands Airport Authority asked Washington County to contribute about $14,000 to help pay a resident project representative who will work on building hangars on the property. (More)

➤ Chesapeake Bay: The blue crab population dropped to its second-lowest level since scientists began measuring it in 1990. This year’s survey estimates there are 238 million blue crabs in the bay, down from last year’s estimated 317 million. (Details)

➤ Statewide: Seven people were killed in Memorial Day weekend crashes, according to preliminary data from the Virginia State Police. Thirteen deaths were reported in 2024. (More)

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➤ The Washington Nationals played the second game of a three-game series against the Mariners after losing 9-1 on Tuesday to drop to 24-30 on the season. (Wednesday’s Score)

➤ UVA men’s golf fell to Oklahoma State in the final round of the NCAA national championship. (Scoreboard)

➤ Top-seeded Virginia Wesleyan faces No. 8 seed Randolph-Macon at noon today in the first game of the NCAA Division III softball championship in Bloomington, Illinois. (Bracket)

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➤ Weyerhaeuser said it plans to purchase almost 117,000 acres of woodland from Roanoke Timberlands. The forest is located in Virginia and North Carolina. (Details)

➤ Prince William County police charged three people with running an illegal gambling operation with 30 machines behind a fake wall at a Manassas laundromat. (More)

➤ Virginia Tech installed four solar arrays that will generate approximately 2,300 megawatt-hours of clean electricity each year. (Details)

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The Stock Ticker Top Investors Are Holding

They may not be trading on the Nasdaq just yet, but Pacaso just reserved the ticker “$PCSO.” No wonder investors are excited to secure a stake now in Pacaso as a private company.

Founded by the man who took Zillow from seed to IPO, Pacaso brings co-ownership to the $1.3T vacation home industry. They’ve already generated $1B+ worth of luxury home transactions across 2,000+ buyers. Top firms like SoftBank and Maveron are already holding shares.

Now, after 41% gross profit growth last year, surpassing $110M+ total, Pacaso is ready for what’s next. Best of all? You don’t have to wait to join, but time is of the essence.

Until midnight PST, you can become a Pacaso investor for just $2.80/share. Buy Pacaso stock before tonight’s deadline.

This is a paid advertisement for Pacaso’s Regulation A offering. Please read the offering circular at invest.pacaso.com. Reserving a ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to approvals. Under Regulation A+, a company has the ability to change its share price by up to 20%, without requalifying the offering with the SEC.

➤ The Southwest Virginia Wildlife Center is asking the public to help name its new ambassador, an opossum that was rescued after being kept as an illegal pet. Each vote requires a $5 donation to the facility. (Details)

➤ Preservation Virginia released its annual list of the state’s most endangered historic places, citing threats ranging from data center construction to simple neglect. (More)

➤ Southwest Virginia Community College tapped Clinton Hayes to be its next president. Hayes, currently at a junior college in Kentucky, will begin the role on July 1. (Details)

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