The I Love CVille Show With Jerry Miller! - How Would You Fix The UVA Health System?; UVA Manning Institute Of Biotechnology Details

Episode Date: April 14, 2025

The I Love CVille Show headlines: How Would You Fix The UVA Health System? UVA Manning Institute Of Biotechnology Details UVA Biotech: $350M Facility, 350K SQ, 2026 Open 606 Delevan St: $300K Ask, 2BR, 1BA, 864SQ, 1960 Delevan St Listing Tear Down For 1/7th Of An Acre New Hill’s Beacon Kitchen Open As Incubator What’s Next Biz Incubator That Should Be Created? Kyle Guy Hired By University Of Nevada As Coach Read Viewer & Listener Comments Live On-Air The I Love CVille Show airs live Monday – Friday from 12:30 pm – 1:30 pm on The I Love CVille Network. Watch and listen to The I Love CVille Show on Facebook, Instagram, Twitter, LinkedIn, iTunes, Apple Podcast, YouTube, Spotify, Fountain, Amazon Music, Audible, Rumble and iLoveCVille.com.

They will be soon. Okay what are we talking about? Turn around for those photos. Guys welcome to the I Love Seville show my name is Jerry Miller it's a Monday afternoon in downtown Charlottesville and clearly spring has sprung. It's gorgeous and glorious outside I'm very much looking forward to a start of a week with you the viewer viewer and listener, on a show today on a Monday that is loaded with content. We're gonna talk the Manning Biotech Institute. The exact name of this facility is UVA Manning Institute of Biotechnology.

We have some more details that we're gonna release to you. Fontaine Avenue, $350 million facility, 350,000 plus square feet with a grand opening right around the corner in 2026. How many jobs, ladies and gentlemen, linked to this biotechnology institute? Well specifically hundreds of jobs in the Institute itself and depending on who you ask somewhere between five and seven thousand additional complementary jobs with opportunities popping up that are attached or or in the very near periphery, peripheral to the biotech institute

down Fontaine Avenue. This is a year and change away when you're investing $350 million into something, you gotta follow it closely. And when you're looking at somewhere between, depending on who you ask, five and 8,000 new jobs coming to Charlottesville, and these jobs are gonna be coming to Charlottesville, ladies and gentlemen. You know, they're starting now. They just hired Mark Esser, the vice president of microbioscience

at AstraZeneca. They took a guy away from the private sector and tapped him to be the new top dog at the Manning Institute of Biotechnology. So the jobs are now starting. These guys are the types of jobs to say that they're six figures is an absolute understatement. These are deep six-figure jobs. We're not talking $100,000 jobs here. We're talking deep six-figure jobs.

And we've got 5 to 7,000 of them coming. This is going to impact Charlottesville and Alamaro County significantly. We'll start giving the flip book as we get closer to what's happening down Fontaine on today's show and on future shows. Also on the program, I want to show you a listing that hit Zillow that I, I mean my jaw dropped, Judah. I know it's expensive to live around here, J-Dubbs, but ladies and gentlemen, take a glimpse of this.

We have a couple of photos we can show. Just give a couple of the exterior pictures. This is 606 Delavan Street. 606 Delavan Street, a $300,000 asking price, ladies and gentlemen. $300,000 asking price, ladies and gentlemen. $300,000 asking price. This is not even, Judah, the interesting thing about this to me is this isn't even Belmont. This is like, this is right off of Dice Street.

This is the, when the sun sets and it gets dark outside and night has fallen, this is the area of the city where you've got to not just look over your shoulder, but you're looking over both shoulders and you're considering about walking backwards. Really? Yeah. This is directly behind, you know, what, the ABC store? This is, and ladies and gentlemen, show them a couple pictures.

You're rotating those photos on screen? Two bedroom, one bathroom, 864 square feet, built in 1960 with a $300,000 asking price, mighty, my, oh my, oh my. I want to unpack that on today's show. Vanessa Parkhill, welcome to the program. I want to talk the positive things that the nonprofit New Hill is doing in Charlottesville, including a kitchen incubator, Judah Wickauer. This kitchen incubator, the Beacon Kitchen, is open in the old Cathy's and the Cathy Shopping Center in the Belmont area. I want to give props to a nonprofit that is doing its best to do well by historically marginalized communities,

poor communities, minority communities, and Beacon Kitchen is trying its best to create economic upside for folks who want to get in the game, in the game of some kind. Its executive director, Yolanda Harrell, is a mover and shaker locally. She knows everybody. She's great at raising money.

She's a great networker. She's a great connector. She knows the politicians. She knows the money folks. She knows the landlords. She knows the folks trying to get in the game. Yolanda does a hell of a job. We're going to break down Beacon Kitchen

and I'm going to ask Judah this question. The positives you see with this opportunity of working in a kitchen incubator to potentially build a brand locally. I'm going to also ask you this question. In 2025, with the headwinds facing food and beverage, is a kitchen incubator and matriculating through a kitchen incubator the right move for your hard earned dollars, especially those dollars

that are few and far between? Then I'm gonna ask the question, which other incubators should be launched or nurtured to help aspiring business owners locally? For example, should there be an incubator tied to social media influencing Judah? Should there be an incubator tied to locally owned brands that want to launch e-commerce stores and don't understand how to do that? Should there be an incubator associated or tied to other

aspects of business or line of work that are not being thought of? A kitchen incubator is a good idea, but it's been done in the past. What is not being done? I have some ideas that I want to talk about today on the I Love Seville show. We're also going to talk on today's program, guys. How do you fix UVA health? I've gotten so much feedback from employees within the UVA health system. So much feedback from nurses, from admins, from assistants, from physicians, from a surgeon on Saturday.

Literally feedback from a surgeon on Saturday that's been touched and is watching the show. Feedback from front office and top of the totem pole personnel and and the consistent message I'm hearing from folks that are watching and then listening to the program tied to UVA Health is Jerry the morale is bad and we're doing dynamic shots on the one shot, right? Yes. Fantastic.

Let's make sure we're doing that on the one shot each day. Morale is not good. There is now serious talk that hiring freezes, that pay freezes are going to happen at health. Remember, those freezes are already happening on the academic side and outside of the health system. that pay freezes are gonna happen at health. Remember, those freezes are already happening on the academic side and outside of the health system. The health system is the revenue generator

for the University of Virginia. That's got a yearly budget of $5.8 billion. Now that conversation has entered the picture within the health system. Remember, the last time there was this type of, financial vulnerability and concern was COVID and the pandemic, where people were literally told to stay home and not go to work and they weren't getting paid. Now that's happening or it's being rumor milled and scuttle-butted around hospital

hallways. So I want to put a plan in play on how you could potentially fix the health system. Judah, two-shot, studio camera and two-shot, and then I want to conversate with you. First I want to ask you which headline is most intriguing to you and why? Judah Wickauer. Hold on. Let's see. I would say that, I mean, this tiny little shack of a house with an asking price of 300K is pretty intriguing. What intrigues you about it? The audacity. Is it audacity? Maybe not. Why the word audacity? Because you've seen the pictures and it's nuts.

Unless I'm completely off base. Property sold in March of 2025. A Georgiabased company, Good Buy Real Estate, purchased the property for $150,000. The 2025 assessment north of $300,000. For the property as it looks now? Yeah. That is the actual assessment?

That's right. Wow. Well, I guess I'm off base. as it looks now. That is the actual assessment. That's right. Wow. Well, I guess I'm off base. That's why I'm wondering if audacity is the right word. How much are, I mean, am I just nuts? Like, I mean, you obviously didn't add this to our rundown because it's a fine and beautiful spot to take a vacation.

I saw the same photos you did, but I did a little bit of research. I went to the Charlottesville GIS. Anyone can do it. You go to the Charlottesville GIS. You just type in Charlottesville GIS. You type in the address. You can see that the assessment is $305,700. You can see the ownership history purchased in March of 2025 by Good Buy Real Estate LLC

for $150K. I then copied and pasted Good Buy Real Estate LLC into my search bar and just hit search and then I found that Good Buy real estate LLC, some of the ties it has including the locality it's from. I see it's an out of market LLC. And then I want to unpack this opportunity. I'm curious of this. Why did this out of market LLC purchase it in March of this year? And maybe you rotate some of these photos on screen. Why did this LLC buy it in literally less than a month ago, right? And is now looking to sell it for 2X what it purchased? Is it just because they knew they got a steal from the previous

owners, James and Irene Burton? I mean, do you have an LLC and goodbye real estate LLC that literally found a piece of property, we're talking a seventh of an acre here, they went into the Fifeville neighborhood, they bought something according to the GIS from James and Irene Burton. The Burton family has owned this property since 1983. In 1983, you're rotating these photos? Look at the screen for the pics. In 1983, the Burton family purchased this Fifeville property for 25 grand. Then they sold it in March of this year for a hundred and fifty K

Right. Mm-hmm. So some would say what'd you get six time return on your investment? others would say maybe You priced it wrong Yeah, when the assessments north of 300 I Want to talk about this on the program today? I want to give some love to Charlottesville Sanitary Supply guys online at CharlottesvilleSanitarySupply.com. Located guys on East High Street, John Vermillion and Andrew Vermillion are doing special things with their business, CharlottesvilleSanitarySupply.com and CharlottesvilleSanitarySupply. John Vermillion, the Chamber of Commerce Small Business Person of the Year,

few years ago, and just an all around great guy. Shop the businesses that you want to see survive another 60 years, like Charlottesville Sanitary Supply has proudly served this community for the past 60 years. Before we get back to Delavan Street, Judah, UVA Health System, on Saturday, I'm having a conversation in the morning

with a surgeon of merit. I'm talking a cosmopolitan surgeon, a man who is as educated as any surgeon I have ever heard of. He had his druthers of where to work, his pick of where to work, and we're sitting down on two benches across from each other. And we're having a conversation about some of the coverage and content we've been discussing on the show. He's a fan of the show.

And then I asked him, so what's going on with the health system? And he said, the morale is as bad as any morale that I've ever been around, any health system I've ever been around. It's not surprising. He said, and let's get lower thirds on screen. He said that folks are not just fearful of their job, but they see that the pay is going to be frozen, raises are gonna be off the table,

and people are gonna be expected to do more with less. And he was very clear with me that he's aware that trust in the community has been eroded to the point where folks are hesitant to say that they are working for the health system. His words, literally almost verbatim. He's indicated, of course the report should be released. That's the first part of healing, is the mayor Coppa saying this was what was done wrong.

He read the story in the Daily Progress where the newspaper was highlighting our interview with Bert Ellis, the fired Board of Visitors member, who said this investigative report done by a third party law firm about alleged fraud and alleged white-collar racketeering Was was absolutely damning Burt Ellis's words also quoted in the newspaper and it's made its way to other Lee Enterprises outlets that story done where Jim Ryan Apologizes and Burt Ellis is quoted from the show. We, was syndicated amongst all the Lee Enterprises newspapers.

So it made a mid-Atlantic and commonwealth-wide penetration, coverage, and I said to him, so what needs to be done for the health system to move forward and to heal? And he said, you know, I don't know. That's a conversation we're all talking about. He said, I'm just a surgeon. So I got to thinking from Saturday to today and I thought I could make a good topic.

What would you do if you were the Board of Visitors and you were the C-suite at UVA Health to heal a broken brand, a shattered brand, a stigmatized and scarlet lettered bran. I wanna have that conversation today. I think the first step, Judah, is the communication, the frankness and the opening, the opening of the books. We were wrong. We're sorry.

We need to build trust with you again. This is what the report said. Yes, it's damning. This is why the CEO resigned at an after hours Board of Visitors meeting. This is what we did incorrectly. Jim Ryan issued last week his first apology as President of the University of Virginia. I think the health system needs to issue an apology and said, this is what we did wrong and this is what we're gonna change. I think the health system then needs to work

on building community trust. That community trust could be done through philanthropy, could be done through sponsoring events, could be done through community organization, could be done through community organization, could be done through events around the health system, could be done with contributions to nonprofits, advertising and media campaigns. Just like when Mike Kochis

with the Charlottesville Police Department, he took over a broken police department after the previous police chief, Brackney, got fired from the job. Kochis, look at what he did with Charlottesville police. He did the walk and talks through neighborhoods that felt they were exploited by police departments. He did community events where Chief Kochis

was sitting in dunk tanks at Ick's Park and kids in the community could throw baseballs at a target and hit a target and Chief Kochis in his uniform would would drop into a dunk tank full of water. They did cookouts, they played basketball in the 10th and Page neighborhood at hoops that are set up on the side of the street. They did community, was it, the give the guns back, you know, turn your guns in, no questions asked. Fireside chats.

Early in his term, Chief Kochis was at a hotel, was at a church by Dairy Market. I was at that church, at that meeting, 2024, 2023 version of a fireside chat. And he's literally taking verbal arrows from community leaders saying, your police department's doing all these things wrong. He's listening to learn. The health system needs to take a page out of Chief Kotches' book

and look at how he's rehabilitated the Charlottesville Police Department. That's what the health system needs to do. The health system needs to be absolutely transparent with every billing practice possible. Every billing practice. Upfront billing transparency. This is what your bill is gonna be.

No backdoor billing. When you are told prior to a procedure, this is the amount owed, and then you start getting bills in the mail months later, that if you don't pay this bill by this date or set up a payment plan, then you will be sent to some kind of credit collector, debt collector. Transparency with billing. I think it would be an absolute travesty if the University

of Virginia and the BOV chose to freeze pay and chose to not offer cost of living raises or performance based bonuses for its staff, particularly since the staff is the revenue generator for the University of Virginia in totality. Morale is at the lowest point it has been in maybe the history of the health system. When's the last time morale has been this low? I think you could probably say during the pandemic or maybe the late 90s when the health system and the university itself became a significant fundraiser because public funding was in peril in the late 90s. That's when UVA became a fundraising machine because it knew counting on the Commonwealth for funding

was a slippery slope. But at this point when morale is in the, trash can. In the, what, what, what? Trash can. In the trash can, thank you. Why would you diminish morale even more by saying you're not even gonna get your three points? I'm here to tell you something. Health system employees, that 3% raise year over year

does not even keep up with inflation. You're losing money year over year. Performance-based bonuses, not offering them to your department that you're revenue generator, that is asinine. And asking folks to do more with less when they're still already doing more with less since COVID is the definition of burnout. There's a reason doctors and physicians and nurses and staff are sprinting out of the health system to other more relaxed opportunities.

I got a guy who's a surgeon sitting across the bench from me for 15 or 20 minutes looking at me that he's just absolutely weathered. I asked him, what are you going to do with your Saturday? You know what he said to me? I got to go into work for 8 to 12 hours. Two kids, wife, exact words. I'm going to go into work. I said, when do you see your kids?

You know what he said to me? I have to wake them up super early before work and I play with them for about a half an hour before I leave. I said, do you see him at night? He says, occasionally. I asked him, do you have any regret with the profession you chose, hesitant to ask that question, but asked it anyway. His response was measured and tempered. He said, right now I don't think so. But it was measured and tempered.

If I'm C-suite at the health system and if I'm the BOV, I'm doing the opposite of what the University of Virginia is doing. I would be transparent with the investigative report. I would say I'm sorry. I would say these are the measures that I'm gonna take to improve a shattered brand. We will build trust through transparent billing practices.

You will know upfront every iota of billing. I would make sure morale with my employees is improved because without the employees, what is the health system? A 3% cost of living wage is frankly a loss in revenue year over year. And I don't think this is even Jim Ryan's charge to lead. I think this is probably the BOV's charge to lead. And the last thing that I would add to this, if you're tied to the health system in any capacity and you want to go on the offense in the media attacking your staffers on what they say is something wrong with the system,

you should think twice before doing it again. Because your leader Jim Ryan has already had to apologize for that. And if you're a previous board member or a retired leader, you have to realize that you are now distant enough from the health system that your perspective is not in the trenches anymore, so it should probably be kept quiet. All you're doing is adding gas to a fire that is raging.

Yeah. Listen to learn. That's the Saturday morning conversation I had with a surgeon who is at the top of his field where I looked at him and I could tell that he had thought not once, not twice, but multiple times about the employer and the position that he was currently in. And that is sad because these are the people that have our actual heartbeat and our lives in their hands when doing the work. Anything you wanna add to before we get to the next topic?

Logan Wells-Clylow, thank you for watching the program. Lord and Ivy, thank you for watching the show. A number of physicians watching the program right now. Judah Wickhauer. Yeah, I would release the report. I would, like you said, apologize. And I would tell staff that we're going to take, we're going to take Craig Kent's last raise and put that towards ameliorating the no raises for living wages for people.

And we're going to find a way to cover the rest. Craig Kent's last raise is about 500 grand. I'm not sure how far the 500 grand goes, but it is a gesture of good faith, the point you're making there. Yeah. A gesture of good faith. Interestingly, the surgeon made this point.

They got $14 billion in endowment. Are they not going to use any of that to help us out? I mean, this is literally a surgeon saying this. They have $14 billion in endowment. I said, well, that endowment is earmarked for certain things. It's not like it's just a slush fund of money in a money market account. And then he responded by saying, this is an emergency.

Why aren't they using that for emergency relief? And I said I don't have that answer. I then offered this perspective. I know the donations that are made are earmarked for the donors for certain activities. Some of them. And many of the, some of them, a large portion of them, many of the donations that are made by wealthy donors, how are those donations made at what capacity? Do you know the answer to that? I'm not even sure how to answer that. They're made for legacy projects. Legacy projects like

capital improvement projects, new building construction where the donor's name can dawn the building and the donor's name dawns the building as a legacy where their children, their grandchildren, their great grandchildren can walk through the grounds and say that's Alderman Library, that's the McIntire School of Business, that's the Paul Manning Institute of Biotechnology. A hundred million dollars gets you a nameplate.

The Hardy football facility, the rector of the Board of Visitors, Robert Hardy and his wife gave money to football. You want to make these donations to the University of Virginia, these wealthy folks, in a lot of ways because there's a smidge, if not a large smidge, of ego associated with the donation. They still can't all be getting their names on buildings.

If they construct new buildings, they can. If. That's a big if. I think. Let me ask you a question. If you were in fundraising at UVA, and you came to a wealthy guy and gal that live in, say, what's a hot spot that watches the show all the time?

There's a lot of alumni that watch the show in Buckhead, Georgia. We actually heard of one that was a, someone that watched the Bird Ellis interview. And you're in Atlanta, Buckhead area, and you say, I want to give $50 million to UVA. And the only way I'm going to give $50 million to UVA is if I can determine where that money goes. If you're the fundraiser, are you going to say no to that? Or are you going to say, all right, we'll figure out how to get what you want a reality? You're going to have to wait for it.

It's not going to happen overnight, but we can earmark your funds. Donate some of them now. I would imagine the donation happens in this capacity. If you want to give $ 50 million, I mean, some people may just have 50 million to donate. I would imagine the more realistic scenario is, if you're given 50 million, you're gonna give a percentage now.

That percentage could then be potentially invested into some kind of revenue generating position, maybe some stocks, some equity, something of that magnitude. And then you're gonna get a position, a some stocks, some equity, something of that magnitude. And then you're going to get a position, a next percentage, a next lump sum donated in a little bit, and then there's probably performance benchmarks tied to your donation. I want 50 million for this building. Okay, I'm going to give it in stages based on thresholds of performance, just like you

would with a general contractor when building a house. If the house is 500 grand to build, you're not just gonna give the general contractor 500,000 upfront. You'll give them maybe 10% upfront, maybe another 10% based on architectural plans, maybe another 10% based on foundation, another 10% based when it's framed,

when the project is framed, another 10%, maybe it's based when the roof is on. I would imagine that's similar to how the donations are made. Anyway, it was an eye-opening conversation that kind of tied to last week's content because the health system is watching the show. I appreciate the plight and I'm grateful for the messages that are coming to us guys

from those employees. I would imagine the sledding is going to get a lot tougher before it gets easier, but as the sledding gets tougher, eventually it does get easier. The sledding? Yeah. The sledding, you know, you've never heard of that? The sledding gets tough. Life is tough. Life is tough.

Life is tough. That's what that means. Next headline, what do you got, Judah Wichower? Manning Institute. How about this, Judah? $350 million facility. How about this, Judah? 350,000 square feet under construction now on Fontaine. Open next year. New executive director hired Mark, I'm going to butcher his last name,

Esser, former vice president of microbiome sciences and AstraZeneca. The hirings are already starting. I've spoken to folks tied to the University of Virginia that have said this is somewhere between 5 and 8,000 new jobs. I said that's a massive delta 5 to 8,000 jobs. Is it closer to 5? Is it closer to 8? One guy that's very much in the know, I'm not going to utilize his name, he says I bet it's eight and it will eventually surpass

eight. And I said, what kind of profile for these jobs are we looking at? And he said, to say it's a six-figure job on your show would be an understatement and an unfair of what's coming. These are jobs that are going to be as good a pay jobs as you're going to find in the community, safe for certain positions and high level finance. And I said, out of curiosity, what is your expectation of what, 5 to 8,000 people that are making quarter million dollars an up per year, 300,000, 400,000, 500,000 dollars an up per year. Where are these folks just out of curiosity gonna live? And his response-

Where do they come from? His response, well, this guy's coming from a publicly traded company, AstraZeneca. Literally AstraZeneca was one of the companies during COVID that came up with the COVID vaccine. And he expects 5,000 plus people to be all be making- Five to 8,000 plus people to be all be making? 5,000 to 8,000 people mainly indirectly tied to the Biotech Institute.

You're going to have hundreds of scientists working within the Institute. And then the idea is that you're going to have thousands tied to the Biotechnology Institute and its ecosystem. And I asked the guy, and this is a guy that's way smarter than me, I said, where are five to 8,000 people with this kind of money gonna live in Charlottesville?

And he goes, Jerry, therein lies the rub. And that's what you should be talking about on your show. Does anyone have that answer? I mean, if they're making that kind of money they can live wherever they want. And the pressure, and how does the pressure play out? If they live wherever they want? How does the pressure play out? How does it play out if they can live wherever they want in Charlottesville and Almar County?

Come in and toss money around until they've all got houses. They're going to live wherever they want. It's going to be in Charlottesville or Almaro in the Ivy side. The Ivy side in particular is very close to Fontaine. They're going to then put downward pressure on folks on the economic ladder. That downward pressure on the economic ladder are the folks that were otherwise living in Charlottesville

or the Ivy side or the Crozet side, some of those folks are going to get priced out. Those folks are then going to get priced out to other communities like say 29 North, Forest Lakes, Holly Mead, other portions of Crozet, Fifth Street Extended, Avon Extended, Belmont, North Downtown. Then the folks that were otherwise going to those neighborhoods are going to get priced out because they're getting pressure

from the folks that can't afford to live in the Ivy area or the certain Tony portions of Charlottesville. And it's going to create this ripple and domino effect that no one is talking about besides this show. And we are literally first visible job created from it right now, the head of the institute hired, that was formerly a vice president for microbiosciences at AstraZeneca. What would a guy that's a vice president of a publicly traded company, vice president

of microbiosciences at AstraZeneca make. Could we even find that on a quick Google search? Salary? Doing that right now? A vice president of microbiome sciences at AstraZeneca in the United States typically earned somewhere between 271,000 $433,000 per year with an average of $342,000. First Google search that showed up. Let's just use that price range. Then Glassdoor is saying the vice president of AstraZeneca earned somewhere between $418,000 and $700,000.

So you've got a price range there. Let's just call it the person was earning 400 grand working for AstraZeneca. And I bet you that compensation is way light. 400 grand and this is just fact, okay? 400 grand is not what 400 grand used to be. And that's just fact. You got a 10, basic numbers, okay. Let's just use basic numbers. You got a 10K, a 10K mortgage a month. You got two kids in private schools, let's call that 60K all in with the two kids in private schools, everything all in. 60K divided by 12, you're at 5K a month. That's 15,000 with your mortgage at 10, your private school tuition at 5, that's 15K.

What's a grocery bill for a family of four now? 300 a week? 350 a week? Let's say it's 350 a week. There's 1,400. So right now you're at 16,400. What's the gas bill for a family of four now? Depends how many of them are driving. $250 a week. Let's call that $1,000. You're at $17,400. You've got to have clothes. You've got to have amenities, things to do, probably belonging to some kind of club.

What are you looking at? Another $4,000 a month? Let's say overhead expenses on that family of four right now. What do you have, $21,000, $22,000 a month? That's without any kind of tax rip coming out. That's top line times 12. That's $264,000. My point is the $400 is not what it used to be.

This dude's probably clocking 500 or more. The impact of what is being discussed here is, the impact of what's coming is not being discussed. I'll share a link where very discreetly the University of Virginia even highlights on a UVA PR website that 5 to 8,000 people, new jobs are going to be created to this. They very discreetly, UVA Bio Tech Institute New Jobs. Very discreetly at the ribbon cutting or the shovel where the Governor Yonkin came here and cracked dirt

with the shovel on the ground with some of these very heavy hitters and rectors, very heavy hitters and BOV folks, they issued a press release from this. And in that press release they said somewhere between 5 and 8,000 new jobs. I think I just found it. I shared this with Lloyd Snook and Lloyd Snook was surprised it was this many in a social media Facebook interaction. Literally took a screenshot of the story. This is something that is so flying under the radar here in Charlottesville that we are not highlighting the impact to the magnitude of what's coming.

The first hire officially made public, the top dog of the institute, taken from a publicly traded company. Any thoughts you want to add to that, Jay Dubs? I mean, that is an insane number. That's nearly as many people as are working at UVA Health. Crazy. Well, the difference is these folks are not going to be working directly in the Institute. These are jobs associated to the Institute. The number that you talk about directly working at UVA Health are employees of UVA.

These aren't going to be employees of the Institute. It will be peripheral jobs, companies tied and associated with the Biotechnology Institute. Do you understand? So that's not an apples to apples comparison because they're not gonna be directly employed by UVA. So who is going to be employed by the Biotech Institute? The scientists. Just scientists, okay.

Yep, and that's in today's daily progress. If you read the article on the hiring, it says hundreds of scientists tied to this institute. And then a boatload of others not working directly for it. The institute, this is exactly from the article. The institute is expected to hire hundreds of scientists and attract even more to the Charlottesville area for complementary work.

That even more in a UVA press release was pegged somewhere between 5 and 8,000. Hmm. It's pretty amazing. Mind boggling. That's why we said the sectors of work that we were bullish on last week, biotechnology. Now, do you want to get to the headline

that you found most intriguing, the real estate? Sure. You set the stage for that one. What tickles your fancy about this one? I mean, just look at the pictures. I'm not sure what, we've talked about the fact that, I mean, I can't believe that it got, I can't believe the assessment was for $300,000 how many square feet is it? Square feet it's on the headline 864 right? 864 square feet. It's the headline on screen. Yeah that's I mean but that's a teardown. So how does a tear down get assessed at 300,000? Because of the upside of the dirt.

What you can do with the dirt. But is one seventh of an acre now worth 300,000 in Charlottesville? That is that what we're saying is that is am I the only one that am I just an idiot? Because I think all this is absurd. But you keep questioning me on like, how do you, why do you think that this is? I mean, I'm not questioning you. I'm highlighting that the assessment's over 300 grand.

Yeah, and you're the one that would know if that's absurd or not. And you're not saying it's absurd. So I think there must be something wrong with my thinking. The reason I'm not saying it's absurd is because this assessment is done on market value by independent appraisers that are working on behalf of the city.

So I think one of two things happen. I think this company, this LLC, this out of market LLC, pretty much pulled the fast one on OG Charlottesville couple, some old timers from Charlottesville that owned some broken down house in Charlottesville for a long period of time and if you look at the Charlottesville GIS they've owned and we should rotate the photos on screen for the viewers and listeners that are watching they've owned this house the Burton family since 1983 when they paid 25k for it. They sold it for a buck 50 in March and then this person goes around and turns it and asks

300 for it. Yeah, a month later. Do we think that they're going to get 300? I don't. I can't imagine. But ladies and gentlemen, this is absolutely shocking to me. The very curious thing that I want to, this is what I want to see is this crossroads, okay? I want to see the crossroads of what happens to dirt

and real estate and housing opportunity at the same crossroads where these new jobs come from the research park and the data science school. What is that going to do? What is that going to do to values? What is that going to do to opportunity? What's that going to do to people getting pinched? I mean, that should be a pretty simple question for someone

like you or Keith, right? Like if you add 5,000 people to our housing market who all have enough money to essentially pay cash for wherever they want, what does that do? Does that destroy our housing market? Does that... do we get the bidding wars? Are they going to start their own bidding wars against each other? Five thousand people who all have the money to say, no, I want it. No, I want it. It's a great question.

It's a great question. When will the institute open? Twenty, I said that, 2026. Yeah. They just made their top dog hire. Yeah, I know. They're not, once the top dog hire is, now the other hires start. And we already know, because we're talking with the people, that the secondary businesses, that ecosystem right outside

the scientists, the peripheral businesses, they're opening now. And in our friends that own the real estate commercial and residential around Fontaine, like there's one guy I know that I'm not gonna mention his name is just picking up as much real estate as he can as possible around Fontaine. Buying individual units and he's been doing that for 24 months.

Probably the smartest guy in Charleston. I think there's a lot of people like that. Well, $305,700 assessment for a tear down. It's nuts. And the assessment is since 2022 was 215, 2023 was 269, 2024 is 286, and 2025 was 305. And then you look at some of the other properties on Delvin, that's the cool thing about the GIS.

I'm gonna just look at Delvin Street, I'm gonna search, I'm gonna type in Delvin Street into the street name. Let's look at some of the other assessments. So Delvin Street on the GIS, there are, there's 613 Delvin, 594 Delvin, 600 Delvin, 606 Delvin, and 702. Two of the five are owned by LLCs. Let's see when Launchpad LLC purchased 702 Delvin Street. Launchpad LLC bought it in 2022.

That one's assessed at 372,000. Let's see what, 613, then there's three owned by families or individuals. I bet you these are actual folks that live there. Let's go with, well, there's Philip Banks and Brenda Nelson. Let's check this one out. Yeah, these are, these folks bought this in 2023. This road is prime for stuff to, well, we'll see if it's prime for stuff to happen. There's five homes on this street.

We'll see if it's prime for stuff to happen. There's five homes on this street and You don't like the neighborhood. I didn't say I didn't like the neighborhood I said that this neighborhood was not necessarily the safest neighborhood I do think that this neighborhood I said because of the you said you'd walk backwards in that neighborhood Yeah, so it's not the safest neighborhood But I think if you're looking for opportunity you probably are looking for these types of houses if you're looking for opportunity, you probably are looking for these types of houses. If you're looking for upside, you're not going to go to north downtown and pay north of a million dollars for a house to try to make a buck.

If you're going to north downtown or to Belmont or to Rugby Road and you're spending a million five on something, if you put a quarter million dollars into it, 500,000 into it, probably not gonna get your ROI out of it. But if you go into a neighborhood where you have to potentially walk backwards, as I said, and you tear it down, and you build something there, or you get it permitted and ready to go

for some kind of development opportunity. I mean that's what a lot of people that I know are doing. These people know how to play the permitting game. They're going and they're buying falling down dog houses and then they're saying, all right, I'm going to buy this falling down dog house. I'm either going to pay cash or I'm going to carry some debt. I think I can get this permitted and ready to go. And it's going to take me somewhere between, uh, 10 and 24 months.

My carrying cost on that is this. But if I sell this completely permitted and ready to go, I can make this. And the Delta is their margin and they don't have to do crack a shovel. Yeah. Sweat. There's a lot of people doing that. That's what we were going to try to do off East High Street with that portfolio of six units, me and Chris.

That's what we were in here talking about next to you all those times. Anyway, take a look at that viewers and listeners and tell us what you think. what we were in here talking about next to you all those times. Anyway, take a look at that viewers and listeners and tell us what you think. I was absolutely shocked by this. Neil Williamson is watching the program. Love you, Neil. Alright, next headline. What do you got you to be can kitchen? Yeah, new hills beacon kitchen open his incubator. I like this story. Do you like the story? I like what Yolanda Harrell was doing.

Yeah, I think it's great. I like the story because they're creating business opportunity for people trying to get in the game, right? Yeah. The only concern I have with the opportunity is do we want to be fostering or birthing more restaurants? Well, I think that's the thing. Not all of these are going to become restaurants. I think for some, it'll be a way to dip their toe

into the business, give it a try, see if it's for them, um, gain some, gain some experience, uh, potentially experience, I mean, most, definitely I would think experience that they can carry into any, any other, job, it doesn't necessarily have to be as an owner. So I think for a lot of people, this will be a learning experience. You'll put some money in, you may make that money back. Selling the food through some type of pop-up or some other,

I don't know how they plan on helping these people use this as an outlet. I'll push back on this. And first I wanna say New Hill and Beacon Kitchen, I love fostering entrepreneurship. Yolana Harrell, I love what you're doing with this nonprofit. I love creating some kind of like path for people to better themselves. Love it. Anyone that can go and gain some experience or get like the playbook for

business success and an incubator setting, love the idea. I'm going to ask just straightforward questions. Do you want to create the concept of New Hill, OK, is to figure out how to empower through financial acumen, through entrepreneurial experience and know how, and through networking, and through practice, a group of folks that is historically marginalized, either because they don't have a lot of money, or because they're black and brown and living in Charlottesville. Okay, New Hill is looking to help folks that are facing challenges socially and economically. And empower them through what I just described, business, entrepreneurship, networking, professional experience, and financial literacy.

That's what the concept is about. I ask this question, I love the concept. I ask the question, should we be encouraging folks to gain the experience in F&B to go work in F&B in this market? If you gain the experience to work in F&B and then you go work in F&B, you're going to be paid only X amount of money. That's a question I want to ask.

Got a phone call I got coming in that I got to take too. All right, this looks like a 911 phone call and a deal that I'm trying to put to bed. I want to table this conversation for tomorrow. Should we be creating an incubator for the restaurant and food and beverage industry? Or should that same playbook, that infrastructure, be used for other lines of work that have more upside. And then we'll also talk tomorrow about the incubator space and what other incubators can be used to create

this same playbook but for other lines of work. Just not sure that the food and beverage and the restaurant space is where you want to be driving more personnel to work within. That's the point I'm trying to make. We'll talk about that on tomorrow's show and we're going to also have Jerry Radcliffe on the Jerry and Jerry show at 10, 15 a.m. to talk everything portal related.

I'm sorry I had to cut it short here. I just got a 9-1-1 on something that I'm trying to finish today. Judah Wickoward, Jerry Miller, the show on a Monday. Take care everybody......