Thursday, June 26, 2014

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THE RICHMOND NEWS LEADER 1896~1992

Copyright © 2014, 164th Year, No. 177

INFORMING MORE THAN 667,700 READERS IN PRINT AND ONLINE

A Nation & World B Metro & State C Sports Find Classified D4 TV / History E6Lotteries A4 Weather B3 Scoreboard C5 E Dining F WeekendEditorials A8 Obituaries B5 D Business Comics E3 Calendar F4

work toward in discussionswith the city, which couldinvolve a request for cityfunding.

“We’re not sure wherethat money’s going to comefrom, but for the last coupleof years we’ve had a deficitbudget and it’s reducing ourreserves,” Meda Lane, anaccountant who serves asthe authority’s treasurer,said in an interview.

“I don’t know how longwe can continue to run anegative,” Julious P. SmithJr., the chairman of the au-thority’s board of directors,said at last week’s meeting.

Almost all of that short-fall, or $252,859, stems fromthe incubator, which waspreviously called Advan-Tech.

Authority officials expectthe Bon Secours Washing-ton Redskins Training Cen-ter to eventually turn a prof-it, but money has been tightso far.

A separate budget sheet

Officials with the Rich-mond Economic Develop-ment Authority still say thecity government will be re-paid the $10 million it putup for the Washington Red-skins training facility, butthe development authorityis struggling to balance itsown books.

Last week, the authorityapproved an annual budgetbeginning July 1 projecting a$257,359 deficit for its ownorganizational expenses andthe RVA Works business in-cubator it runs.

The authority partiallyoffset the deficit with a$125,000 budget marker list-ed as “Revenue from EDARelated Projects,” but thatfigure simply represents agoal the authority hopes to AUTHORITY, Page A7

Economicdevelopment

authoritybattling deficit

Shortfall is cuttinginto Richmond

agency’s reservesBY GRAHAM MOOMAWRichmond Times-Dispatch

House Speaker William J. Howell, R-Stafford, has hired a former solicitor generalfrom the administration of PresidentGeorge W. Bush to bolster the House’s legalcase against a unilateral expansion of healthinsurance coverage by Gov. Terry McAuliffe.

Howell and other House Republican lead-ers held a news conference call Wednesdaywith former Solicitor General Paul D. Clem-ent, who presented a legal analysis thatconcludes the governor has no power tobypass the General Assembly in appropriat-ing federal funds to expand eligibility forcoverage under the Affordable Care Act.

The House paid Clement $25,000 from afund controlled by the House Clerk’s Officeto retain his law firm for the analysis and

Ex-Bush official hiredfor Va. Medicaid fight

Howell

Clement

BY MICHAEL MARTZRichmond Times-Dispatch

BUDGET, Page A6

Richard Lee Sharp was aninventor, a technologist, acomputer wizard and an en-trepreneur who had a cre-ative business mind.

He took Circuit City StoresInc. from a midsize consum-er electronics chain in the1980s and turned it into anational retailing power-house. He was the master-mind behind CarMax Inc.,the used-car superstore con-cept that Circuit City devel-oped that is now the nation’slargest retailer of used carswith $12 billion-plus in annu-al sales.

He was a founding investorin Crocs Inc., the manufac-turer of those popular clo-glike, rubberlike shoes, andhe helped lead that companyfrom obscurity in 2005 toworldwide fame.

Mr. Sharp, 67, died Tues-day night from posterior cor-tical atrophy, a rare form ofAlzheimer’s disease, his wifesaid. He was diagnosed inOctober 2010 with early-on-set Alzheimer’s, a disease

RICHARD LEE SHARP 1947 — 2014

‘One of the truly gifted’

1998, TIMES-DISPATCH

Richard Lee Sharp, shown here in 1998, was chief executive of Circuit CityStores and developed the CarMax chain. Last year, CarMax dedicated itsfirst store — on West Broad Street in Henrico County — to him.

Man behind CarMaxremembered for hisinnovation, vision

BY GREGORY J. GILLIGANRichmond Times-Dispatch

‘We can’t be haggling’Visit TimesDispatch.com to watcha 2013 interview with Richard L.Sharp in which he discusses theformation of CarMax.

SHARP, Page A6

WASHINGTON — In an emphaticdefense of privacy in the digitalage, a unanimous Supreme Courtruled Wednesday that police gen-erally may not search the cell-phones of people they arrest with-out first getting search warrants.

Cellphones are unlike anythingelse police may find on someone

they arrest, Chief Justice JohnRoberts wrote for the court. Theyare “not just another technologi-cal convenience,” he said, butubiquitous, increasingly powerfulcomputers that contain vastquantities of personal, sensitiveinformation.

“With all they contain and allthey may reveal, they hold formany Americans the privacies of

SUPREME COURT RULES IN PRIVACY CASE

No warrant, no cellphone searchBY MARK SHERMANThe Associated Press

CELLPHONES, Page A5