Ya, you can get a cheep rate using the FIRST discount, but if you need to make reservations (large team, etc.) thing about it. I'll get back to you on the hotel info, but here are some things you can do around town..
-Capital Building Tour- It ain't D.C., but it'll do. A short tour through the VA capital.
-Confedrecy Museum- OK, you realy don't want to go, but her it is. Only in Richmond do we celebrate them.
-Monument Avenu- Some say it is spectacular to see the statues as you drive down, but they are all dead Civial War vets (some say there second place trophies)
-Scince Museum of Virgina- Recently renovated, it has an iMax screen and other things.
Food- I'll get back to you on that one. I thought I knew everything, but I didn't so I'll research it for you. But there is a small snack stand in the VCU stadium that serves pop/soda, chips, and hot dogs. I don't live down there, so excuse me.
Hope to be more help latter!