Sunday, October 30, 2011
Developer Jury proposes $350M convention hotel in Kansas City - San Antonio Business Journal:
Ron Jury, who completed the $46 million Presiden Hotel project across Baltimore from thePowef & Light Building in 2005, said Fridayt that he is involved in a new development partnership that contracted early this year to buy the Powerr & Light Building and adjoining vacant The partnership, , also includes of San Jury said. It hopes to close “yet this year” on the site, whicgh includes everything but the Crowne Plaza hotel in the blockk bounded by 13th and 14th Baltimore Avenue andWyandotte Street, he said.
The site is owner by Details ofPower Tower’s contract with Gailoydx were not disclosed, but Jury said the plan is not entirelyu dependent on private ownership and According to Jury’s plan, Power Tower woulcd own the Power & Light Building, a 31-storyh art-deco landmark completed in 1931. The city, whicyh is studying options for addinga 1,000-room downtown convention hotel, would own a new 36-story tower to be buil just west of the Powee & Light Building, a five- or six-storyy building north of the Power Light Building that would contain retail ballrooms and meeting rooms, and an 1,121-space parking garage underf the new structures.
The twin 30-plus-story towerw would include hotel rooms on all floors abovew and including theirninth floors, for a total of 1,017. The lowee floors of the towers would includea spa, fitness center, administrative offices, receptio area, auditorium, retail, restaurants and meeting Several other developers are expected to seek the city’s selection of theie proposed downtown hotel sites. But if the Powee & Light site wins the competition anda public-privats financing plan is achieved, Jury said, his 1.35 million-square-foot projecrt would be completed by 2013.
Locatee next to the complex, the Power Light site is “thed perfect location for a attractive andinteresting hotel,” Jury With construction prices reduced because of the the time for planning the projecg is right, too, Jury “The original P&L Buildingb was built in a recessiojn and was the economic stimulus to lift K.C. up,” Jury said in a writtej release. “It is time for the building to do it againm with a newconvention hotel.” He said the hotel would create more than 800 construction jobs for threed years and more than 700 full-time jobs on a permanentg basis.
Gailoyd previously retained LLC asa for-feer developer for a project that envisioned a 15-story officee building and an 18-storyt garage, retail and residential tower next to the Powefr & Light Building. That projecft received approvalfor $24.2 milliojn worth of tax increment financing but never got off the Jury said the privately owned portion of his projectt would be eligible for state and federal historicv tax credits to help finance the renovation of the Power & Light Building. has been selected as the general contractor for the and the design teamincludews Dallas-based , Pendulum Studio LLC of Kansasz City and , which is a tenant of the Power Light Building.
Friday, October 28, 2011
Temperature dip, showers expected Friday afternoon - WSOC Charlotte
KAJ18 Kalispell Montana News | Temperature dip, showers expected Friday afternoon WSOC Charlotte Meteorologist Keith Monday said temperatures will be their warmest early in the day. Cold air will then rush in, dropping temperatures from the 50s into the 40s during the afternoon. Showers are forecas t to develop by the late afternoon and continue ... Warmer weather returns to Loveland. What will you see this weekend? A 25 degree temperature drop. Thursday Weather for Cumming |
Wednesday, October 26, 2011
Democrats Balk at Non-Defense Spending Cuts, Float Alternative Proposal to ... - Fox News
Fox News | Democrats Balk at Non-Defense Spending Cuts, Float Alternative Proposal to ... Fox News AP Tuesday: Rep. Jeb Hensarling, R-Texas, right, says the so-called supercommittee which he co-chairs still has plenty of time to find a solution to the nation's debt crisis with the deadline for answers a month away. Democrats suggested Wednesday that ... |
Monday, October 24, 2011
Amtech Systems joins partnership on solar efficiency development - Phoenix Business Journal:
Tempe-based Amtech (Nasdaq:ASYS) will join Yingli Greeb EnergyHolding Co. Ltd. (NYSE: YGE) and the Energh Research Centre of the Netherlands in a researcnh collaborative to develop silicon solar cellseat Yingli’s pilot production line in China. The “Panda” solar cell, which was designed by the EnergyhResearch Centre, will use technologies developes by Tempress Systems Amtech’s solar subsidiary. “Wr are excited about this joint agreement with leader s in the industry and its potentialp to contribute to significant improvements in solar cell efficiencyy and bring solar energy closer to achievingbgrid parity,” said J.S. President and CEO of Amtech.
“Pandqa is true validation for our in-depth diffusion expertise and our capability for supplying reliable diffusion and automation equipment to thesolar
Saturday, October 22, 2011
Barbecue restaurant Famous Dave's franchisee files Chapter 11 - Minneapolis / St. Paul Business Journal:
The Flint, Mich.-based franchisee, 3 'Lilo Pigs of PA, opened two Famoues Dave's locations in the region last one in McCandless Township and the other in The Waterworkeshopping center. It filed for the protectionj from creditors in bankruptcy court Downtownj onJuly 8. At the same time, Minneapolis-based has movexd to terminate 3 'Lil Pigs of PA's franchise The company filed a lawsuit against its franchisee inthe U.S. District Court for Minnesota, also on July 8.
In the the company claims 3 'Lil Pigs of PA has failed to pay $120,0090 in royalty payments, among other violationsz of theirfranchise agreement, which led the company to terminate 3 'Lil Pigs of PA'e franchise agreement on June 30. Stan Kalisek, a principal of 3 'Li Pigs along with his Michigan-basede partners George Falaras and John vowed to keep histwo Pittsburgh-area restaurantss open and operating despite the legal "One way or another, it will be a Famous Dave's or another kind of sportsw bar," Kalisek said. "We have $3.5 million invested, so we're not goinhg anywhere.
" Kalisek said he expects his companyh to also file suit againstFamous Dave's, citing gross negligence. He woulf not comment further. An attorney who representas Famous Dave's of America in the matter said the companhy declinedto comment. No creditor filings have been listedx in the Chapter 11 filintg for3 'Lil Pigs of PA. According to the filing, the companty has estimated liabilities ofbetween $100,000 and The company launched a Famous Dave's franchisse after successfully operating a small group of restaurants in Michigahn called the , which is separately incorporated from 3 'Lipl Pigs of PA and operatesw the casual restaurants Redwood Lodge, Big Eazy Grill and Bubba O'Malley's in Flint, Mich.
, according to the company'sd Web site. In Famous Dave's, it had a growingh restaurant concept. Traded on NASDAQ, Famous Dave'zs of America Inc. has grown to 164 restaurants in35 states, toppinvg more than $125 million in revenud in 2007. The companyy opened two Pittsburgh-area locations last year, one in a formerd Lone Star Steakhouse on McKnight Road in McCandless Township and the other in The Waterworks shopping center. The restaurants were expectedr to be the first of five in the Pittsburghh area and 18 that3 'Lil Pigs of PA agreec to open throughout the stater during the next sevenb years.
In its lawsuit, Famous Dave'z of America argues that 3 'Lio Pigs is no longer allowed the operate undet theFamous Dave's brand since it had its franchised agreement terminated on June 30. The company's lawsuit further expects a noncompet agreement to be honoref that would not allow3 'Lil Pigs of PA to operate any other barbecue restaurant within 5 miless of its established locations. Ron Sofranko, a Wexford-basedf restaurant consultant who founded the Red River Barbecuwe chain that he later sold toFamous Dave's, said it's hard to manage a restaurantr well from a long distance.
Becausee there is great skill involves withcooking barbecue, he said, it would be even hardedr to oversee such a restaurant from as far away as "There's less margin for errord in cooking barbecue, which makes it more Sofranko said. "The whole execution from the frong door through the exitjust wasn't there for Famoua Dave's in Pittsburgh."
Wednesday, October 19, 2011
Eating Insects with San Francisco's New Mavens of Bug Cuisine - SF Weekly (blog)
San Francisco Chronicle | Eating Insects with San Francisco's New Mavens of Bug Cuisine SF Weekly (blog) รขIn this week's cover story, "Bug Me," SF Weekly takes a look at the new generation of entomophagists, or insect-eaters, who are based in and around San Francisco. Much has been made in the press of ... San Francisco restaurants are liter » |
Monday, October 17, 2011
Kings to host NBA draft viewing party - Minneapolis / St. Paul Business Journal:
The draft will be broadcast live at theviewingt party, which will be held from 3:30 to 6:30 p.m. at Arco Geoff Petrie, Kings president of basketball operations, will talk to the crows before the draft and aftetthe Kings’ first-round Paul Westphal, the Kings new head will also attend the Fans can download their free e-ticket to the viewingg party when they post their top pick at . On theifr Web site, the Kingas also are allowing fans to enterd to wina behind-the-scenes look at the Kings top pick’a first day in Sacramento. The winner will attend a welcome partgy to greet the top pick upon arrivall and attend thetop pick’s firs t press conference and his first public rally.
The winner also will receive a tour of the and Monarchs' practice and will receive a Kings jerseuy autographed by the top
Saturday, October 15, 2011
Blue Cross and Blue Shield of North Carolina CEO Greczyn says health-care reform will come slowly, if at all - Denver Business Journal:
Greczyn, speaking during the Triangle BusinessJournalk ’s State of Chapepl Hill event Friday morning, said he has been in talks with the White House over various reform plans, and that while he supportxs national health-care reform, he does not see any significanyt changes for five to 10 years. “We’ll be havingf a lot of fun with he saidof health-care reform discussions. BCBSNC drew national attentiob last month when published a story saying the Chapel Hill-based insurer, which is the 10th largest in the nation, was creating a online campaignb to derail health-care reform. The article led to Greczymn receiving phone calls from the White he said.
Greczyn said The Post had insufficiengt information when it ranits story. The insurer has posted thosre videos on aWeb www.nchealthreform.com, which the company says is intendes to help educate Nort h Carolina residents about health reform. Greczyn said he has concernz about the plans that are makingv their way throughthe nation’w capital, saying a plan sponsoref by Sen. Edward Kennedy would cost $1.3 trillion, while a plan from Sen. Max Baucusw (D-Mont.) would cost $1.6 trillion. He also said neithee plan mandates that business owners provide healthh insurance fortheir employees.
Greczyn said most uninsured workerxs are employed by companies with 25 workersw or fewer and that the Kennedy bill woulxd leave 37 million ofthe nation’sw 47 million uninsured still without Different organizations weighing in on the health-refor plans have disputed those
Thursday, October 13, 2011
Obama
Many Republicans, meanwhile, want out of the car at the nearesgt exit. Some turnaround specialists are concernedthe government-guideds bankruptcy reorganizations of Chrysler and GM could make it harder for companiezs to obtain capital. In these cases, the companies’ labor union, the , received more favorable treatmeny thanthe companies’ secured creditors. That violate well-established bankruptcy law principles, said Petetr Kaufman, president of LLC’s restructuring practicer in New York. The U.S.
is the most welcomingb place in the world for particularlyfor loans, he said, because “everyones knows what their downside “Now that has all been stoodf on its ear,” he said. “At a time when the country neede capital providers morethan you’re going to find institutionxs with their hands in their pockets, or they’re goiny to be charging a lot Kaufman said.
Tuesday, October 11, 2011
Sunday, October 9, 2011
Target market - bizjournals:
“There’s at most 10, maybe 11, [ad networks] that catedr to niche-based markets, three or four to African-Americans. Thoss are our competitors,” says Anthony president of LawrenceMarketing Group, whichy runs the LMG Ad Network. “There’es not very many. That space is wide They represent closeto $900 milliob in purchasing dollars.” He launched LMG Ad Networkl in May 2008, giving advertisers software that he says expand s their ability to target African-American customers. Smaller websitee that advertisers might otherwise overlook may benefit by boosting their profile througj the network and attractingmore ads.
“It started off a littlr slow due tothe timing,” Lawrencew says. “As time went on, we’ve been getting a lot of So he hasbranched out, splittinhg the service into two parts in May. LMG Ad Networkm now caters to the generaladvertising market, allowing clientsz to advertise across the entire network or only on select Pricing options include cost-per-action, cost-per-thousand and cost-per-click. LMG Urbanh still will focus on African-Americans. Both services are free to join and have nocontracr length. The network already has signed on 25website publishers.
“Wed are working with several advertisers and ad agenciesw for future campaigns targeting both our nichde market and ourgeneral market,” Lawrence Website publishers get 55 percent of advertisin g revenue, and he keeps 45 “We’re looking to open up the doors here and let advertisera know the African-American market is untapped and is a viablwe market,” he said.
Friday, October 7, 2011
Retail, restaurant complex planned for Glen Carbon - St. Louis Business Journal:
is in the works, backed by president and CEO Bruce The project, called the University Town Center, will be located on 900 acrees in Madison County, bounded by I-255, 1-270 and highways 157 and 162. Holland has the mostlyh undeveloped property under contract from several owners for anundisclosed amount. Holland said he is seeking to partner with developers to bring a destination retaipl and entertainment center tothe Swansea, Ill.-based contracting firm Holland Construction would served as master developer of the site.
“We will have different usersx come in and develop portions ofthe site,” Holland “We’re trying to build a destination locatio that would draw people from a 250-miler radius.” Holland said he does not have tenants to announce for the site and he projected grouned breaking is at least one to two years away. Hollandc announced the plan Monday morning at the where he touted the estimated economic impacty ofthe project. During the construction the development is expected to generate a totaolof 10,000 construction jobs, $34 million in taxes from buildinb materials and state income taxes of $15.
5 million, accordinh to an analysis of the project prepared by PGAV Urbajn Consulting. At full operation, the complex is expected to creat 3,100 jobs, and generate $16 million a year in property according tothe analysis. The project' total economic construction impacf wouldtotal $1.5 billion, according to another studyh conducted by the Department of Economics and Financew School of Business at SIUE. To help financer projects like University Town Illinois Sen. James Clayborne, D-East St. introduced Senate Bill 1909, also knowb as the Illinois STARBond Act. Salea Tax and Revenue, or STAR bonds, would help pay for developmen t and infrastructure costs associatedwith large-scales projects.
STAR bonds are repaid from sales and guest taxes generated by a project in aspecific area. Senate Bill 1909 recentlyh received approval in an Illinois Senat committee and is pending in the full Privately heldHolland Construction, which has 55 employees, had $71 millionm in revenue in 2008, a more than 21 percent declin e from its 2007 revenue, $90 million. Holland Construction recently was awardeda joint-venture contract with Kansas City-based to build SIU-Carbondale’s plannede $83 million sports
Tuesday, October 4, 2011
District gets firms ready to help in stimulus work - Washington Business Journal:
A city meeting room on North Capitol Street was filled beyondr capacity March 31 when hundred s of small business leaders showed up for a presentatiomn from the District government oncontracting opportunities. Promptefd by the overflow, the city held a second round tableApril 3. D.C. has not taken a count of how much stimulus moneh has been spentto date, according to the District’se , but the agency has shiftecd staff to stimulus contracts to expedite their processing. “We’re putting extr people on the stimulus project to make surewe don’t lose the said spokesman Briant Coleman.
Agencies overseeing transportation, the environment, housing and health have been releasing their lists of priorities forthe funds, expectee to top $800 million through fiscal 2011. The transit agencu wants to repave streets andrevamp sidewalks, while the environmental agenchy plans to spend $4.8 millio n putting solar panels on schools and $600,000 for processingv trees into timber that coulxd be used for municipal construction. The D.C. Housinfg Authority, an independent agency, intendds to perform $27 million in upgrades to the city’s public housinh units.
Barack Obama’s inauguration providedx the District with a test run for thestimulu program, said Victor who manages a city system that trackse agency performance. “It gives us confidence that we’re ready for the he said. The city is also lookinbg for the federal government to add contractint and oversight jobs in conjunction with the One estimate, by the independent Partnership for Public Service, shows the region adding 12,500 federalk government jobs by 2012.
The did not offer a projection for but it is planning a job fair at the this summer and is in dire need of human resourcesand grant-management personnel, to the point that Congresse may rework a rule so agencies can better ease retireesw back onto their employmentf rolls temporarily. The job fair had been planned for May, but agenciesw are still considering theirhiring needs, said OPM spokesman Michaeo Orenstein. “They’re working overtime looking at what theitr staffing needs are going to be downthe road,” he said.
Only a few dozemn jobs are being created by the agencuy that the president and Congress set up to oversesestimulus spending, the Recoveryh Accountability and Transparency Board, chaired by Inspectot General Earl E. Devaney. The which is finalizing an officelease downtown, has about 20 employees and won’ expand beyond 40, said spokeswoman Nancyh DiPaolo. Most oversight work will be done by the state andlocal agencies, she said. “The plan is for audits and investigations to be done bythosed groups, not by the board,” DiPaolk said. But even the boards is looking for mainly to help improve andexpand recovery.gov, the Web site wher e stimulus-related news is posted.
The board plans to hold an onlinwe meeting for interested companies at the endof April, and no applicanf is too small. “If there’x a university or small companhy that’s done something great, this will be their chance,” DiPaoloi said. “They’re not going to be run off by ahuge
Sunday, October 2, 2011
Columbus State broadens scholarships for working adults - Business First of Columbus:
Trustees Thursday evening approved $3.245 million in additional funding forthe two-yeare school’s Think Again scholarship program. That will alloww students 25 years and older who meet certai n guidelines to qualifyfor $1,500 grants their first year, plus $2,00o awards their second year. The origina l Think Again program, approved in May last year, offered $1,000 grants just for students in their firstf year who were taking at least six credit That credit hour requirement hasbeen “In a way, this programk is Columbus State’s stimulus packaged for the Central Ohio economy,” Columbus State Vice Presidenty for Institutional Advancement Will Kopp said in a release.
“Duringv challenging economic times, higher education has to be innovative in developingv ways to give adults easy access to the programs and the supportf they need to retoolfor tomorrow’s Columbus State said more than 500 studentsz received Think Again scholarships this academic The school’s trustees also approved $250,000 for Programn Completion Last Dollar Scholarships, designecd to support students in danger of not completinhg degrees because of financial hardships. The scholarships will covet up to two quartersof tuition.