Luck Companies and the Virginia Economic Developers Association Announce Support for Governor McDonnell’s Transportation Plan
From Gov. McDonnell's press office...
Luck Companies and the Virginia Economic Developers Association announced today their support for “Virginia’s Road to the Future”, the comprehensive, long-term transportation funding plan proposed by Governor Bob McDonnell. Official statements from the groups can be found below.
Virginia Economic Developers Association
“VEDA has long held that Virginia’s transportation system is an essential component of the state’s economic development success. We commend and support Governor McDonnell for his leadership on his transportation initiative and look forward to working with him and the General Assembly on a plan that efficiently and effectively raises the money we need for a robust transportation system.” - Ann Blair Miller, President, Virginia Economic Developers Association and Director of Project Management, Roanoke Regional Partnership
The Virginia Economic Developers Association (VEDA) is a not-for-profit, non-partisan membership organization and is the voice of economic development in Virginia. Its members include local, regional and state economic development professionals, utility and transportation executives with responsibilities for economic development, as well as elected officials and professionals in the fields of engineering, construction, development, higher education, real estate, consulting, finance and others who work directly or indirectly to support the economic health of the Commonwealth.
Speaking on behalf of the Luck Companies and in support of the transportation plan, company owner and CEO Charles S. Luck, IV said:
"Sustainable funding for transportation infrastructure is an issue that is undeniably relevant to our business as a supplier of stone products to infrastructure construction contractors. We have been an active participant in multiple coalitions for decades advocating for the enactment of legislation that will provide Virginia with a first-class road, rail, maritime, and aerospace network that adequately facilitates the movement of people and goods into, out of, and around Virginia. Without funding for reliable and safe infrastructure now, Virginia’s leading position to attract business from around the globe will continue to erode. Global marketplaces demand supply lines free of gridlock that will move their products to consumers as quickly as possible. The Commonwealth has no choice but to address this issue with urgency.
The circumstances that allow for the passage of legislation that facilitates the construction and maintenance of a world-class infrastructure network have eluded us for nearly three decades. It is clear to me that strong leadership is needed to usher a bill of this magnitude through the legislature this year.
There are a number of courageous leaders who have stepped forward this session who understand the critical nature of this issue and to make transportation a priority. Among them are Delegate Dave Albo, Delegate Tim Hugo, Delegate Randy Minchew, Delegate Bob Purkey, Delegate Tom Rust, Senator Chap Peterson, Senator Dick Saslaw, Senator John Watkins, and the many others who have taken a public stand or introduced bills to improve the way that Virginia funds its aging infrastructure system. We applaud you all, and you have the support of Luck Companies in your endeavor to reach agreement on a truly sustainable transportation funding plan this General Assembly session.
However, today we would like to thank and offer our support to Governor McDonnell on his plan to revolutionize transportation funding in Virginia. It takes real leadership to propose big changes to a system that has been in place for decades. Governor McDonnell has consistently shown that transportation is a priority for his administration, and this latest bill is the next logical step in his attempt to guarantee Virginia moves its infrastructure network into the 21st century. We believe that this bill will not only start a conversation about transportation funding options in Virginia, but could also start the entire nation down the path of finding new and innovative ways to pay for infrastructure well into the next century. We want to thank Governor McDonnell for his leadership and offer my full support in his effort to fix Virginia transportation funding."
Luck Companies' Director of Government Relations, Barrett Hardiman added, "We have more momentum for the passage of a bill like this than I have seen in the last 10 years. The governor and others have shown tremendous leadership in taking on this issue. I look forward to supporting his efforts and the efforts of other leaders in the General Assembly as they work to find common ground on an issue that has captured the attention of the Virginia business community and the national transportation industry."
Luck Companies is a 90-year-old, family-owned business headquartered in Virginia whose mission is to Ignite Human Potential. Luck Companies has four distinct businesses: Luck Stone, the largest privately-owned, family-operated aggregate mining company in the nation and number one supplier of crushed stone to the transportation construction industry in Virginia; Charles Luck Stone Center, the first architectural and design stone supplier of its kind; Har-Tru Sports, a leading manufacturer and distributor of clay tennis court products in the world; and Luck Development Partners, a forward thinking development company focusing on sustainable development.
The Virginia Economic Developers Association and Luck Companies join a growing list of business, labor and transportation groups that have already announced their support of the governor’s plan. They are:
· American Concrete Paving Association - Mid-Atlantic Chapter
· Associated General Contractors of Virginia
· Brotherhood of Maintenance of Way Employees Division of Teamsters
· Brotherhood of Locomotive Engineers and Trainmen
· CSX Transportation, Inc.
· Greater Augusta Regional Chamber of Commerce
· Greater Richmond Chamber of Commerce
· Fairfax County Chamber of Commerce
· Hampton Roads Chamber of Commerce
· Hampton Roads Utility and Heavy Contractors Association
· Heavy Construction Contractors Association
· Home Builders Association of Virginia
· Lynchburg Regional Chamber of Commerce
· Old Dominion Highway Contractors Association
· Norfolk Southern Corporation
· Northern Virginia Technology Council
· Prince William Chamber of Commerce
· Richmond Area Municipal Contractors Association
· Roanoke Regional Chamber of Commerce
· Precast Concrete Association of Virginia
· Sheet Metal Air Rail and Transportation Union
· Virginia Asian Chamber of Commerce
· Virginia Asphalt Association
· Virginia Association of REALTORS
· Virginia Association of Roofing Professionals
· Virginia Automobile Dealers Association
· Virginia Chamber of Commerce
· Virginians for High Speed Rail
· Virginia Hispanic Chamber of Commerce
· Virginia Peninsula Chamber of Commerce
· Virginia Railroad Association
· Virginia Ready-Mixed Concrete Association
· Virginia Regional Transit
· Virginia Transportation Construction Alliance
Governor McDonnell’s plan will provide more than $3.1 billion in transportation funding for the Commonwealth over the next 5 years, including $1.8 billion for new construction. It will end the state’s crossover issue, in which money meant for construction is currently diverted to simple maintenance. The plan ties future transportation funding to economic growth and makes Virginia the first state in the nation to eliminate its gas tax, a rapidly declining revenue source. The full plan is available here.