I'm from Richmond and know a little bit about the law school there.
Facilities, etc.: The law school building is nice, located on the UG campus. It's collegiate gothic (same cat who designed Princeton) and is a pleasant place to go to school all around. the area is nice, it's in the West End. Lots of old southern money around, very "Virginia" if that helps at all. I know a few 1Ls and 2Ls and a few grads, and all live or lived in an area of Richmond called "The Fan". Row houses, corner bars, etc. Pretty cool area, actually, like a JV Georgetown. The student body strikes me as "southern college fratty", if that means anything, though the undergrad is largely NY/NJ.
Rep: Solid job prospects with Hunton & Williams, McGuireWoods (two major firms based in Richmond) and the rest of the big/mediumlaw types there. Gotta be on law review, etc., but these firms are solid and pay 100k/year, which is a king's ransom in Richmond. Other than that, I assume the prospects are tougher. That being said, Richmond would be a great place to live. I haven't the faintest idea of prospects beyond that, I'm a Biglaw type and that's where I did my research. Also, it's definately a regional/local school, so if you want to stay in VA, then it's all good.
Academics: Seem to be good, Bork teaches Conlaw now, and all reports are typical law school. I've heard, so take it at face value, that the school should be ranked higher.
My two cents