olimstgon.blogspot.com
The restaurant served its last mealsMay 31. The Thire Street restaurant employed 45 to50 people. Jess e Jabot, vice president of operations and chiefd operating officerof Harry’s Seafood and Grillw LLC, said the recession forced the company to close the restaurant after 14 years becausde sales had been down there significantlhy since 2008. “We tried to keep it open as long as we Jabot said. “It was a very toughh decision to make.” It was the second toug decision the company was forced to make in as many The Roosevelt Boulevard location that employec 40 to 45 people closefin April.
The first Harry’s Seafood, whicyh was not a full service opened in the Jacksonville Landingin 1987. That location sold and changex names, however, and the Jacksonville-based company startee opening full service restaurants in North andCentral Florida, eventually growing to eight locations — includingb three in Jacksonville. The last remainintg Jacksonville location, which is also the site of the corporatd headquarters on Gate willremain open. The other locatione in St. Augustine, Gainesville, Ocala, Tallahassee, Lakeland and Tampa will also remaihn open, Jabot said.
Jabot said the companyy does hope to open another Jacksonville locatiohn in a yearor two, but there are no definit plans yet.
Tuesday, November 29, 2011
Sunday, November 27, 2011
Target may support call for mandatory employer insurance - Triangle Business Journal:
ymekovo.wordpress.com
Minneapolis-based Target, the second-largest discount retailer in the countryafterr Wal-Mart, can “conceptually” accept an employeer mandate, the reports said. Target refused to commenty further, stating that they are monitoring developmentzssurrounding employer-mandated health care coverage and are waiting until details of the proposed legislationh are available. However, in a May 18 news release abouty a partnership between Target and RedBrick Healtbh to pilot awellnese program, Target laid out its stance on healthj care reform.
“Target believes that simply expanding accessx to the current system is not sustainable and will result in highed costsfor everyone,” according to the news release. “As a result, Targetg supports a national framework for healthg care thatallows multi-state employers to offer consistent and uniform benefits in a cost-effective manner.” But Targer said they would first have to see the conditionsd attached to the mandatd before giving it their according to the Bloomberg.com, repory The issue of providing mandatory medical insurance has splitt big-business interests, as President Barack Obamz pushes health care reforms.
While Obama has told lawmakeres that he is open to requiring largre companies to providehealth coverage, he woulcd exempt small businesses. Wal-Mart sent a letter to Obama on June 30 supporting mandatory medical calling Obama’s proposal fair and adding that the requiremenft would ultimately save companies money. The retailing giant’w move was surprising to many, and drew criticism from the NationalRetailk Federation, which opposes the measure.
Minneapolis-based Target, the second-largest discount retailer in the countryafterr Wal-Mart, can “conceptually” accept an employeer mandate, the reports said. Target refused to commenty further, stating that they are monitoring developmentzssurrounding employer-mandated health care coverage and are waiting until details of the proposed legislationh are available. However, in a May 18 news release abouty a partnership between Target and RedBrick Healtbh to pilot awellnese program, Target laid out its stance on healthj care reform.
“Target believes that simply expanding accessx to the current system is not sustainable and will result in highed costsfor everyone,” according to the news release. “As a result, Targetg supports a national framework for healthg care thatallows multi-state employers to offer consistent and uniform benefits in a cost-effective manner.” But Targer said they would first have to see the conditionsd attached to the mandatd before giving it their according to the Bloomberg.com, repory The issue of providing mandatory medical insurance has splitt big-business interests, as President Barack Obamz pushes health care reforms.
While Obama has told lawmakeres that he is open to requiring largre companies to providehealth coverage, he woulcd exempt small businesses. Wal-Mart sent a letter to Obama on June 30 supporting mandatory medical calling Obama’s proposal fair and adding that the requiremenft would ultimately save companies money. The retailing giant’w move was surprising to many, and drew criticism from the NationalRetailk Federation, which opposes the measure.
Friday, November 25, 2011
Austin only major city to add jobs in last year - Austin Business Journal:
http://infobjects.net/default/en/html/ObjectDRIVERArchitecture.html
The region added about 3,400 jobs between April 2008 and April making it the only one ofthe nation's 38 largesgt cities to post a job gain, new data from the Bureaui of Labor Statistics shows. This is the thirr consecutive month that Austin has outperformed all of theotherf U.S. cities with labotr forces of 750,000 or more. The unemploymeny rate for April stoodat 5.8 The 0.4 percent increase in job totals is but still a better showing than cities such as Portland (dowmn 4.7 percent) and N.C. (down 3.3 percent).
Jobs in goods producinfg industries in the Austin area dropped by 500 jobs in a slowdown from the rapid pace ofrecengt losses, according to an analysis of the data from the Capitakl Area Council of Governments. Retail, hotel, and restaurant jobs are all up from this time last And professional and business servicd sector employment is back toits all-timwe high last seen in October 2008. But another key secto r for the region, technology, isn't doingh quite as well. Computer, semiconductor and other electronicx component manufacturing isstill falling. Jobs in the semiconductoe segment fellto 15,70o0 jobs, back to spring 2006 totals. As Texas citiex go, Austin's 5.
8 percent unemployment rate was one ofthe Dallas-Fort Worth stood at 6.6 percent in April and Houston at 6.3 percent. Only San Antonio'sw rate was lower than Austin's at 5.4 percent. Smaller metri areas including McAllen, Brownsville and Beaumount all had rates above8 percent.
The region added about 3,400 jobs between April 2008 and April making it the only one ofthe nation's 38 largesgt cities to post a job gain, new data from the Bureaui of Labor Statistics shows. This is the thirr consecutive month that Austin has outperformed all of theotherf U.S. cities with labotr forces of 750,000 or more. The unemploymeny rate for April stoodat 5.8 The 0.4 percent increase in job totals is but still a better showing than cities such as Portland (dowmn 4.7 percent) and N.C. (down 3.3 percent).
Jobs in goods producinfg industries in the Austin area dropped by 500 jobs in a slowdown from the rapid pace ofrecengt losses, according to an analysis of the data from the Capitakl Area Council of Governments. Retail, hotel, and restaurant jobs are all up from this time last And professional and business servicd sector employment is back toits all-timwe high last seen in October 2008. But another key secto r for the region, technology, isn't doingh quite as well. Computer, semiconductor and other electronicx component manufacturing isstill falling. Jobs in the semiconductoe segment fellto 15,70o0 jobs, back to spring 2006 totals. As Texas citiex go, Austin's 5.
8 percent unemployment rate was one ofthe Dallas-Fort Worth stood at 6.6 percent in April and Houston at 6.3 percent. Only San Antonio'sw rate was lower than Austin's at 5.4 percent. Smaller metri areas including McAllen, Brownsville and Beaumount all had rates above8 percent.
Wednesday, November 23, 2011
State Fund files for 15% July 1 workers
opexibu.wordpress.com
The new rates will apply to new and reneweds policies effective on or afterJuly 1, officials State Fund has seen its premium volume dip from $2.3 billion in 2007 to just undee $1.7 billion last year, and its markett share tumble from about 26 percenyt to less than 23 percent, said spokeswoma n Jennifer Vargen. Some of the declined could be healthy, since the organization and a number of outsidee observers believed its market share grew too largwe and too rapidly during theearly 2000s. In asking for an increasde lower thanthe 23.
7 percent July 1 increase recommended by the Compensation Insurance Rating along with several other comp insurers, State Fund may have reducedc pressure on Insurance Commissioner Steve Poiznef to clamp down on rate increases when he makes his own recommendations next Woodland Hills' , one of the biggere players in the California comp filed for a 4 percent July and two entities have filedr for 10.3 percent increases. Severaol Guard Insurance Group companies, meanwhile, file d for jumps in the 2.2 percent to 5 percen range.
Poizner is expected to make his recommendation aftert an upcoming public hearing onthe issue, and some industry observers have told the San Francisco Businesxs Times they expect him to reluctantly recommende a double-digit increase, albeitg one far smaller than the WCIRB’s recommendation, which was loweredc from 24.4 percent to 23.7 percent last month. Last Poizner cut the WCIRB’s recommended 16 percent Jan. 1, increase to just 5 percent, and most companiee came in with rate jumps in that California compinsurers aren’rt required to follow the Commissioner’s but they generally stick reasonably closr to the commissioner’s advisory rate.
Jan Frank, State Fund’s president and CEO, blamedf the 15 percent increase on rapidly increasing medical costs inthe workers’ comp sector. Thoss costs have jumped about 16 percent annually for the pastthred years, according to the most recen report by the an industry-supported advisory group. State Fund premium rates have fallen significantly sincde 2003 andearly 2004, when reforms instituted by Governors Gray Davisd and Arnold Schwarzenegger took effect, officials said. Even after this its rates will be 46 percentbelowa pre-reform levels.
Still, that may be little consolation to policyholders battlingt a brutaleconomic
The new rates will apply to new and reneweds policies effective on or afterJuly 1, officials State Fund has seen its premium volume dip from $2.3 billion in 2007 to just undee $1.7 billion last year, and its markett share tumble from about 26 percenyt to less than 23 percent, said spokeswoma n Jennifer Vargen. Some of the declined could be healthy, since the organization and a number of outsidee observers believed its market share grew too largwe and too rapidly during theearly 2000s. In asking for an increasde lower thanthe 23.
7 percent July 1 increase recommended by the Compensation Insurance Rating along with several other comp insurers, State Fund may have reducedc pressure on Insurance Commissioner Steve Poiznef to clamp down on rate increases when he makes his own recommendations next Woodland Hills' , one of the biggere players in the California comp filed for a 4 percent July and two entities have filedr for 10.3 percent increases. Severaol Guard Insurance Group companies, meanwhile, file d for jumps in the 2.2 percent to 5 percen range.
Poizner is expected to make his recommendation aftert an upcoming public hearing onthe issue, and some industry observers have told the San Francisco Businesxs Times they expect him to reluctantly recommende a double-digit increase, albeitg one far smaller than the WCIRB’s recommendation, which was loweredc from 24.4 percent to 23.7 percent last month. Last Poizner cut the WCIRB’s recommended 16 percent Jan. 1, increase to just 5 percent, and most companiee came in with rate jumps in that California compinsurers aren’rt required to follow the Commissioner’s but they generally stick reasonably closr to the commissioner’s advisory rate.
Jan Frank, State Fund’s president and CEO, blamedf the 15 percent increase on rapidly increasing medical costs inthe workers’ comp sector. Thoss costs have jumped about 16 percent annually for the pastthred years, according to the most recen report by the an industry-supported advisory group. State Fund premium rates have fallen significantly sincde 2003 andearly 2004, when reforms instituted by Governors Gray Davisd and Arnold Schwarzenegger took effect, officials said. Even after this its rates will be 46 percentbelowa pre-reform levels.
Still, that may be little consolation to policyholders battlingt a brutaleconomic
Monday, November 21, 2011
Employees
goldenayreyg1666.blogspot.com
Maybe it’s because most people take the office and thei working environment for granted and view it as anecessary evil. Maybe they don’t understand the processa of hiring a professional to help them or the true benefits that wouledbe received. I am an interiofr designer andworkplace strategist. I specializ on leading clients in rethinkingand re-toolintg their office space to align the physical environment with the culturee and business strategy of the organization. For more than 24 I have been helping clients recognize that good design is good In today’s economy there are so many thingds vying for the time and attentioj of company leadership.
How can they cut cost How can they reposition the business to bemore profitable?? What does the future hold for their business? Thesee are all very important and relevant questions. On the other the design of the office is oftemn overlooked in its ability to driver asuccessful business. From the onsetg of a project, I lead clientse through a much introspective look at their organization by focusing on the issues of effectivenessand efficiency. Effective workplacr design focuses on supporting peopleand processes.
with thoughtful expression, the design reinforced business objectives by creating an environment that stimulates employeed while at the same time creating operational One of my favorite illustrationes is how we helped Mars Pet Care creatda “pet-centric” work environment in their headquarterws facility. We designed spacews to serve not only but theirpets — who are allowed to accompanyy their owners at Large print graphics of employee pets coverr various walls and other pet toy and naturde symbolism in the architecture and furniture offerf a fun reminder of what they make and whom they Employers want employees to be more effectivse within the organization and can no longe r take for granted that workers simply need an officed or a cubicle to increase performanc e and productivity.
If you want workers to truly be effective give them the flexibility andchoicde — flexibility to work with whomever and whers ever they need to, and choice at a variety of settings to give alternatives for workingt privately or to collaborate with others. Effective employees use all of the resources available to them to producew and serve their customersand company. Therefore it is importanft to make sure that the work environmentt includes appropriate tools and amenities and provides adequate controlxs and flexibility to support work work flowand change. Efficiency as it relatesz to office environments, often has a negativwe connotation.
Most of us initially thinko of reducing the size of office standardes and getting more people inless space. And yes, cost of space will always be a driver in evaluating But this is not necessarilyh about reduction and is definitely not about take-a-ways. Efficient means “able to functiobn with minimal waste.” So when I speak about an efficient workplace, my messages is about giving the worker choice and creatingg spaces that benefit the entire Giving staff optimal places to work while minimizingg underutilizedspace — a “we” vs. approach.
We often don’t realiz e it, but design has a profound effect on everythinbgwe see, feel and do withi our surroundings. To survive and succeed, businesses must continu to evolve and adapt tothe ever-changinb cultural, technological and economic climates of the And so, the design of thosr environments must also be able to adapt to the evolution of the businesses they
Maybe it’s because most people take the office and thei working environment for granted and view it as anecessary evil. Maybe they don’t understand the processa of hiring a professional to help them or the true benefits that wouledbe received. I am an interiofr designer andworkplace strategist. I specializ on leading clients in rethinkingand re-toolintg their office space to align the physical environment with the culturee and business strategy of the organization. For more than 24 I have been helping clients recognize that good design is good In today’s economy there are so many thingds vying for the time and attentioj of company leadership.
How can they cut cost How can they reposition the business to bemore profitable?? What does the future hold for their business? Thesee are all very important and relevant questions. On the other the design of the office is oftemn overlooked in its ability to driver asuccessful business. From the onsetg of a project, I lead clientse through a much introspective look at their organization by focusing on the issues of effectivenessand efficiency. Effective workplacr design focuses on supporting peopleand processes.
with thoughtful expression, the design reinforced business objectives by creating an environment that stimulates employeed while at the same time creating operational One of my favorite illustrationes is how we helped Mars Pet Care creatda “pet-centric” work environment in their headquarterws facility. We designed spacews to serve not only but theirpets — who are allowed to accompanyy their owners at Large print graphics of employee pets coverr various walls and other pet toy and naturde symbolism in the architecture and furniture offerf a fun reminder of what they make and whom they Employers want employees to be more effectivse within the organization and can no longe r take for granted that workers simply need an officed or a cubicle to increase performanc e and productivity.
If you want workers to truly be effective give them the flexibility andchoicde — flexibility to work with whomever and whers ever they need to, and choice at a variety of settings to give alternatives for workingt privately or to collaborate with others. Effective employees use all of the resources available to them to producew and serve their customersand company. Therefore it is importanft to make sure that the work environmentt includes appropriate tools and amenities and provides adequate controlxs and flexibility to support work work flowand change. Efficiency as it relatesz to office environments, often has a negativwe connotation.
Most of us initially thinko of reducing the size of office standardes and getting more people inless space. And yes, cost of space will always be a driver in evaluating But this is not necessarilyh about reduction and is definitely not about take-a-ways. Efficient means “able to functiobn with minimal waste.” So when I speak about an efficient workplace, my messages is about giving the worker choice and creatingg spaces that benefit the entire Giving staff optimal places to work while minimizingg underutilizedspace — a “we” vs. approach.
We often don’t realiz e it, but design has a profound effect on everythinbgwe see, feel and do withi our surroundings. To survive and succeed, businesses must continu to evolve and adapt tothe ever-changinb cultural, technological and economic climates of the And so, the design of thosr environments must also be able to adapt to the evolution of the businesses they
Saturday, November 19, 2011
Steven P. Jobs Executive Profile
ykyhola.blogspot.com
Finding Nemo, The Cars and Ratatouille. Pixar has won 20 Academgy Awards and its filmss have grossed morethan $4 billion at the worldwidew box office to date. Pixar merged with The Walt Disnegy Company in 2006 and Steve now serveson Disney's boards of directors. Steve grew up in the apricof orchards which later became know n asSilicon Valley, and still lives therd with his wife and three children. Recent News About Stevenb P. Jobs **All Executive profile data providedd byDow Jones & Co., Inc.
Finding Nemo, The Cars and Ratatouille. Pixar has won 20 Academgy Awards and its filmss have grossed morethan $4 billion at the worldwidew box office to date. Pixar merged with The Walt Disnegy Company in 2006 and Steve now serveson Disney's boards of directors. Steve grew up in the apricof orchards which later became know n asSilicon Valley, and still lives therd with his wife and three children. Recent News About Stevenb P. Jobs **All Executive profile data providedd byDow Jones & Co., Inc.
Wednesday, November 16, 2011
TECO challenges Guatemalan tariff actions - Tampa Bay Business Journal:
onesawava.wordpress.com
The subsidiary, TECO LLC, has filedf notice that it will file an arbitration claik against the Republic of Guatemala undedthe Dominican-Republic-Central America-United States Free Trade or DR-CAFTA, TECO said in a filinbg with the . In July, unilaterally reseg the distribution tariff for at levels well below the thenexisting tariff, the filing said. has a 24 percentf interest in Empresa through a joint and the action causedxa “significant reduction” in earnings for the joint venturre segment, the filing said.
Both Empresa and its investors have pursuedc legal and other effortsx in Guatemala to remedy the and Tampa Guatemala has talked with officials to resolvse the dispute but so far have been thefiling said. TECO Guatemala filef a notice of intent to file an arbitratioh claimon Jan. 13 and has to wait 90 days beforer it can proceed withthe claim, the filingg said. During that time, the parities can try to resolve the disput e amicably through consultationor negotiation. TECO Energy TE), headquartered in Tampa, is an energy-related holding companhy and the parentof .
The subsidiary, TECO LLC, has filedf notice that it will file an arbitration claik against the Republic of Guatemala undedthe Dominican-Republic-Central America-United States Free Trade or DR-CAFTA, TECO said in a filinbg with the . In July, unilaterally reseg the distribution tariff for at levels well below the thenexisting tariff, the filing said. has a 24 percentf interest in Empresa through a joint and the action causedxa “significant reduction” in earnings for the joint venturre segment, the filing said.
Both Empresa and its investors have pursuedc legal and other effortsx in Guatemala to remedy the and Tampa Guatemala has talked with officials to resolvse the dispute but so far have been thefiling said. TECO Guatemala filef a notice of intent to file an arbitratioh claimon Jan. 13 and has to wait 90 days beforer it can proceed withthe claim, the filingg said. During that time, the parities can try to resolve the disput e amicably through consultationor negotiation. TECO Energy TE), headquartered in Tampa, is an energy-related holding companhy and the parentof .
Monday, November 14, 2011
Groups Urge Supreme Court to Halt FCC Broadcast Censorship - Wired News
symowugebeda.blogspot.com
Groups Urge Supreme Court to Halt FCC Broadcast Censorship Wired News Technology freedom groups from across the political spectrum urged the Supreme Court on Monday to stop the Federal Communications Commission from enforcing decency standards. The libertarian-leaning Cato Institute, the Center for ... Groups urge Supreme Court to strike down FCC's indecency policy |
Saturday, November 12, 2011
Berlusconi at president's office to resign - Daily Star Online
ukatekexo.wordpress.com
Sydney Morning Herald | Berlusconi at president's office to resign Daily Star Online Italian Prime Minister Silvio Berlusconi was booed yesterday as he arrived at the President's office to resign, bringing to an end his nearly two-decade-long domination of Italy's political scene. The outgoing premier, who is set to be replaced by a ... Silvio Berlusconi resigns as Italian PM End of an era as Italy's Berlusconi quits Italy Passes Budget; Berlusconi Resigns |
Thursday, November 10, 2011
Growing Long Island Cheating Scandal Now Includes ACT - New York Times
iqukikofor.wordpress.com
Growing Long Island Cheating Scandal Now Includes ACT New York Times In the news on Thursday, Jenny Anderson reports in The New York Times that the Long Island cheating scandal now includes at least 35 students in five high schools. It also appears to include cheating on the ACT, as well as on the ... Prosecutor's office: NY SAT cheating probe expanded to include ACT exam; more ... |
Tuesday, November 8, 2011
Loss, sales, shares fall at Toll Brothers - Charlotte Business Journal:
evittiebodum1296.blogspot.com
million, and has decided to discontinue givingfearnings guidance. The Horsham, Pa., company’ds net loss was 52 cents a share, which included pre-tax write-downs totaling $119.6 During the same period last year, Toll (NYSE:TOL) reporteed a $93.7 million, or 59 cents a share, which included pre-tax write-downds totaling $288.1 million. Revenue for the quarted came inat $398.3 a plunge of 51 percent. The average analyst estimate forthis year’s fiscak second quarter was a loss of 50 cents per share and revenu e of $395 million, according to Thomsohn Reuters.
Toll shares were tradinfg 6 percent lower Wednesday at Though the housing market continues to be a Toll said it has experienced an uptick in activitt and traffic atits communities. The company will not providr earnings guidance becauseof “thse numerous uncertainties related to our said Joel H. Rassman, chief financiall officer.
million, and has decided to discontinue givingfearnings guidance. The Horsham, Pa., company’ds net loss was 52 cents a share, which included pre-tax write-downs totaling $119.6 During the same period last year, Toll (NYSE:TOL) reporteed a $93.7 million, or 59 cents a share, which included pre-tax write-downds totaling $288.1 million. Revenue for the quarted came inat $398.3 a plunge of 51 percent. The average analyst estimate forthis year’s fiscak second quarter was a loss of 50 cents per share and revenu e of $395 million, according to Thomsohn Reuters.
Toll shares were tradinfg 6 percent lower Wednesday at Though the housing market continues to be a Toll said it has experienced an uptick in activitt and traffic atits communities. The company will not providr earnings guidance becauseof “thse numerous uncertainties related to our said Joel H. Rassman, chief financiall officer.
Sunday, November 6, 2011
Security forces kill 6 in Syria on Muslim holiday - Atlanta Journal Constitution
adepylex.blogspot.com
Telegraph.co.uk | Security forces kill 6 in Syria on Muslim holiday Atlanta Journal Constitution A Syrian Protester covers her face with a Syrian flag as she attends an anti-Syrian regime protest in front of the Arab league headquarters in Cairo, Egypt Wednesday, Nov. 2, 2011. Over 100 people protested outside the Arab League's Cairo headquarters ... Syria slams US for 'blatant interference' Syria approaches a tipping point as Assad's brutal regime presents its version ... Opposition and regime in Syria: is dialogue possible? |
Friday, November 4, 2011
D.C. projects could lose subsidies to pay for convention hotel - Dayton Business Journal:
oryzacody.wordpress.com
D.C. Chief Financial Officer Natwar Gandhji met with members ofthe D.C. Councikl on Monday and discussed the list of projectsdwith $704 million in subsidies that have already been passe d and could be diverted to the The list provided by the CFO's office includes the Southwest the Arthur Capper/Carrollsburg residential development on the Capitolk Riverfront, the mixed-use O Streey Market in Shaw and seve n other economic development incentives.
The two council members who overseed committees with direct oversight of theissus — Councilmen Jack Evans, D-Ward 2, and Kwame D-At large — have said using subsidies from stallede projects is a strategy they woulds consider to lower the amount of new spendinvg required to issue $750 million in bonds to buils the $550 million hotel. The recession has slowed many projects. The Washingtojn Convention Center Authority andthe city’s hospitality industry have been pushinyg for a headquarters hotel since construction of the centet started in the late 1990s. They argu a hotel is needed to draw largs conventionsto town.
A 1,167-room Marriott Marquis is planned, but booster s have been unable to securs private financing to complete the deal. D.C. Council Chairman Vincent Gray called the late Monday afternoo meeting in his officewith Evans, Brown, Gandhi and Washington Convention Center Authority CEO Greg O’Dell. Evans and Brown have scheduled a June 24 joint hearing onthe matter. As they left the Evans and Brown said they are both committef to gettingthe long-stalled hote built, but they are looking for ways to minimized the cost to the city, whicnh is facing a nearly $1 billiojn 2011 budget gap.
Evans said other optionse being discussed include trying to attract bank loanzs by footing only a portion of the cost or seekiny new development partners that could build the hotelk more quickly or for alower D.C. has already approved $187 million bond packag that would fund about 25 percengt ofthe hotel, but and have failed to attract an estimateds $300 million in requiredf debt financing. “The option that I like least is the city financing theentird thing,” Evans said.
Gandhi said shortly after the meeting that there has not been discussion abouf usurpingthe city’s 12 perceng debt cap, which it created last year in an efforty to strengthen its standing on Wall Street and would prevent the city from issuin g hundreds of millions of dollaras of new bonds for the He said he is all for a new hoteo but not if it meansz damaging the city’s financial position. “Wre want to make it happen,” he “The question is how to make it happen.
” Southwestg waterfront, $198 million; Housing Production Trust $190 million; Great Streets retail priorityarea (neighborhood tax increment $75 million; Capper/Carrollsburg $55 million; O Street Market, $46.5 million; Skyland Shopping Center, $40 million; The Yards payment-in-lieu-of-taxes, $30 Great Streets, $20 million; Downtown retai priority area, $16.05 million; Fort Lincoln retail priorityu area, $10 million; Arena Stage, $10 Rhode Island Place retail priority area, $7.2 and Broadcast Center One, $6.4 million. The subsidies total $704.15 million.
Combining some portion of that withthe $187 millionb already passed for the hotel coulrd easily add up to the $750 millio n in bonds O’Dell says is neededr for the hotel. Chairman Gray declined to
D.C. Chief Financial Officer Natwar Gandhji met with members ofthe D.C. Councikl on Monday and discussed the list of projectsdwith $704 million in subsidies that have already been passe d and could be diverted to the The list provided by the CFO's office includes the Southwest the Arthur Capper/Carrollsburg residential development on the Capitolk Riverfront, the mixed-use O Streey Market in Shaw and seve n other economic development incentives.
The two council members who overseed committees with direct oversight of theissus — Councilmen Jack Evans, D-Ward 2, and Kwame D-At large — have said using subsidies from stallede projects is a strategy they woulds consider to lower the amount of new spendinvg required to issue $750 million in bonds to buils the $550 million hotel. The recession has slowed many projects. The Washingtojn Convention Center Authority andthe city’s hospitality industry have been pushinyg for a headquarters hotel since construction of the centet started in the late 1990s. They argu a hotel is needed to draw largs conventionsto town.
A 1,167-room Marriott Marquis is planned, but booster s have been unable to securs private financing to complete the deal. D.C. Council Chairman Vincent Gray called the late Monday afternoo meeting in his officewith Evans, Brown, Gandhi and Washington Convention Center Authority CEO Greg O’Dell. Evans and Brown have scheduled a June 24 joint hearing onthe matter. As they left the Evans and Brown said they are both committef to gettingthe long-stalled hote built, but they are looking for ways to minimized the cost to the city, whicnh is facing a nearly $1 billiojn 2011 budget gap.
Evans said other optionse being discussed include trying to attract bank loanzs by footing only a portion of the cost or seekiny new development partners that could build the hotelk more quickly or for alower D.C. has already approved $187 million bond packag that would fund about 25 percengt ofthe hotel, but and have failed to attract an estimateds $300 million in requiredf debt financing. “The option that I like least is the city financing theentird thing,” Evans said.
Gandhi said shortly after the meeting that there has not been discussion abouf usurpingthe city’s 12 perceng debt cap, which it created last year in an efforty to strengthen its standing on Wall Street and would prevent the city from issuin g hundreds of millions of dollaras of new bonds for the He said he is all for a new hoteo but not if it meansz damaging the city’s financial position. “Wre want to make it happen,” he “The question is how to make it happen.
” Southwestg waterfront, $198 million; Housing Production Trust $190 million; Great Streets retail priorityarea (neighborhood tax increment $75 million; Capper/Carrollsburg $55 million; O Street Market, $46.5 million; Skyland Shopping Center, $40 million; The Yards payment-in-lieu-of-taxes, $30 Great Streets, $20 million; Downtown retai priority area, $16.05 million; Fort Lincoln retail priorityu area, $10 million; Arena Stage, $10 Rhode Island Place retail priority area, $7.2 and Broadcast Center One, $6.4 million. The subsidies total $704.15 million.
Combining some portion of that withthe $187 millionb already passed for the hotel coulrd easily add up to the $750 millio n in bonds O’Dell says is neededr for the hotel. Chairman Gray declined to
Tuesday, November 1, 2011
HHGregg Inc. planning major expansion in region starting next year - Birmingham Business Journal:
ymekovo.wordpress.com
The Indianapolis-based company plans to open 40 to 45 new stores infiscal 2011, mainly in Washington, D.C., and Philadelphia. The retailer’s fiscalo 2011 runs from Marcy 2010 toMarch 2011. The expansion will be HHGregg’sd (NYSE: HGG) initial foray into the mid-Atlanticx and will follow onetime electronics giantCircuit City’zs exit from the market following The new stores are part of an aggressivr growth strategy aimed at taking advantagr of cheap rental rates and exceszs real estate capacity, President Dennis May said in a The company also plans to open a distribution center in the mid-Atlantic region.
The average HHGregg store is 30,0009 square feet and employs 40 workers. The companyt said it has begun to execute leasew on thefuture stores, but a spokeswoman decline Wednesday to disclose any specific locations for the storea or the distribution HHGregg currently operates 111 stores in Florida, Georgia, Indiana, Kentucky, North Ohio, South Carolina and Tennessee. In fiscal year the company posted salesof $1.4 billion and a profit of $36.r million.
The Indianapolis-based company plans to open 40 to 45 new stores infiscal 2011, mainly in Washington, D.C., and Philadelphia. The retailer’s fiscalo 2011 runs from Marcy 2010 toMarch 2011. The expansion will be HHGregg’sd (NYSE: HGG) initial foray into the mid-Atlanticx and will follow onetime electronics giantCircuit City’zs exit from the market following The new stores are part of an aggressivr growth strategy aimed at taking advantagr of cheap rental rates and exceszs real estate capacity, President Dennis May said in a The company also plans to open a distribution center in the mid-Atlantic region.
The average HHGregg store is 30,0009 square feet and employs 40 workers. The companyt said it has begun to execute leasew on thefuture stores, but a spokeswoman decline Wednesday to disclose any specific locations for the storea or the distribution HHGregg currently operates 111 stores in Florida, Georgia, Indiana, Kentucky, North Ohio, South Carolina and Tennessee. In fiscal year the company posted salesof $1.4 billion and a profit of $36.r million.
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