Rumors

Petersburg now has a street named after local basketball legend Moses Malone. The city held an honorary street renaming ceremony at the corner of High Pearl Street and Virginia Avenue Friday, bringing together local agencies, community leaders, former teammates, friends and residents to honor Malone’s legacy.

wric.com

A former star Georgia Tech point guard and NBA All-Star was sued in Richmond Circuit Court last week for defaulting on a loan on investment properties that included a commercial building in Petersburg. U.S. Bank, which is servicing a bundle of loans originally owned by Wachovia, sued Stephon Marbury and several of his investment entities — one of which is called Starbury GSA — for $3 million. Marbury’s nickname as a high school phenomenon was “Starbury.”

Richmond BizSense

The suit contends that, through the entities, Marbury bought industrial and office properties across the county, including one on Poplar Drive in Petersburg that was leased to the US. General Services Administration for use by the Social Security Administration. Marbury also had investment property in Ohio and Colorado, the suit claims.

Richmond BizSense