Business & Tech
Case, Leonsis Create $450M Venture Fund, $7M House for Sale
The McLean Ear: We Hear to Tell All
McLean Stars Reunite. A current and former McLean neighbor who put America Online have reunited to create a $450 million venture capital fund to nourish the next generation of high-tech firms in Northern Virginia.
Steve Case and Ted Leonsis were on the front page of The Washington Post on Thursday with a story about their new Revolution Growth Fund, created "with the aim of rebuilding a start-up culture in the region," The Post said.
If anyone knows how to do this it's Case, who's on the Forbes list of the richest 400 folks in the U.S., and Leonsis, who owns the Washington Wizards, the Washington Capitals and the Verizon Center where both teams play in downtown Washington.
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These are the men who brought you the Route 28 tech corridor and the resulting boom of Loudoun County. Leonsis left McLean for an estate in Potomac, Md., earlier this year, but we'll always remember him in Greenberrys.
New Gym at Spring Hill. Rumors are wafting that folks are coming to Spring Hill Recreation Center to start mapping out a possible addition that could include a real gym. Spring Hill is now a Recreation Center whose central feature is a huge swimming pool. There is no running track, no basketball courts.
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Looking to Buy a $7M Estate? Neighbor and attorney Donald Rogers has put his Basil Road estate on the market for that price.
Description: One of McLean's most prominent estates, encompasses 2.4 gated acres only moments over the Chain Bridge. Estate consists of a 14,000-square-foot manor home, a three bedroom guesthouse and indoor recreation pavilion with regulation size tennis court. It has beautiful grounds with terraces and a large, heated swimming pool.
Rogers paid $8.7 million for the address in 2005. The estate is assessed for $5.3 million, according to Fairfax County land records.
You would be a neighbor of Pat Buchanan and the CIA.
Important Visitor Coming to Town. Beth Chiarelli, the wife of the vice chief of staff of the U.S. Army, will pay a visit to the McLean American Legion Post on Dec. 13. No one has done more for soldiers and their dependents than Chiarelli, says the Post newsletter.
McLean Hilton Gets a $45M Facelift. Our neighbor, the Hilton McLean Tysons Corner, is putting the finishing touches on its expensive makeover, Business Wire reports. There's a new lobby bar, large-screen televisions, a technology lounge, flat screen TVs and computers that connect guests to where they need to be, Business Wire reported.
Do you think this has anything to do corporate big wigs from Hilton corporate headquarters moving in next door?
Madeira Star. The Arena Stage reports that Madeira senior June Schreiner, whom audiences loved as Ado Annie in "Oklahoma!" this year, returns to Arena Stage this spring as Muriel in the upcoming "Ah, Wilderness!" Then she attends her graduation from Madeira. She lives in Reston.
Disclosure: Patch is owned by AOL. Steve Case and Ted Leonsis have no association with AOL.
If you have news, or better still, gossip -- tell, tell. Please email, TheMcLeanEar@gmail.com.
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