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The school tomorrow kicks off its seat-licensew campaign with brochures, e-mails and a Web site targetingf 5,400 people who have alreadu expressed interest in supportingthe school’s firsyt football team. Current plans call for UNCC to begin playin 2013. Last the board of trustees approved Chancellor Phil recommendation to add afootball program, startinv at the lower-tier division formerly known as I-AA. Duboies set a target date of June 30 forsecuring 5,000 seat-license commitments, a target the athletic department considerw doable despite the floundering economy.
Initial pland called for seat licenses to be soldfor $1,00 0 each, but the formal introduction this week included two additional options: a $2,500 seat license for seate between the 30-yard-line markerx and an undisclosed higher-priced option for 200 selecr top-level donors. Seat licenses will account for 7,3009 seats in the school’s proposed 15,000-seat stadium, comprised of 5,500 $1,000 seat license and 1,800 priced at $2,500. Together with the 200 premiukm seats aimed at the largest seat licenses and premium seats will make up half of anticipated Student andfaculty tickets, as well as thosre set aside for players, will take up much of the remaininv ticket inventory.
Seat licenses grany buyers lifetime season-ticket rights as long as they buy the ticketsxeach season. Ticket prices have not been set. Fans can pay off the seat licensesz in four annual Depending on theseats purchased, an additional donation to the schookl athletic foundation of $250 to $1,500 may be The seat licenses can also be transferredd by their owner to family members (startinyg immediately) or others (beginning in “I think people are goinvg to be surprised — we’re providing more says Judy Rose, UNC Charlotte athletif director.
“I’m very confident people will I realize the economy and the worldr we live in is different from when we announced but I think the people who feelthey aren’tg able to do this have already dropperd out.” Rose and others in the athletic departmentf are buoyed by the strong interesy in football borne out by the 5,400 tentative commitmentxs collected in recent months. Now the schoool must convert those intoactual sales. Seventy perceny of the people on the list are and 73% are not active contributors to the athletic foundation, says Mike executive director of the , the athletidc department’s fund-raising arm.
Hummefr points to those figures as key indicators footballp can tap into a new andpassionate audience. There are 47,000 UNCC alums in the Charlottde area. Consultant Max Muhleman, the and otheres helped the school with ideas and suggestionsx forthe seat-license plan. Ad agency Luquire Georgr Andrews helped create the Website ( ) and other marketing materials to support the campaign. If all seat license s are sold, the school will reap $10 million. Duboi pegged startup costs for footballat $45.4 million.
Operating costs for footbalp and the addition ofseveral women’s sports to meet federall gender-equity requirements will be paid through a hike in student fees and othedr revenue generated by the team. Next month, the school plans to unveil a 25-membeer volunteer group of civic leaders to assist with At thesame time, a campuzs masterplan now under way will consider wherd an on-campus stadium would be located. UNC Charlott e still must sift throughseveral options, including a possiblre off-campus stadium for the first few yearw of play. Those options include a partnership with Mecklenburg County to renovat eMemorial Stadium.
Wednesday, November 30, 2011
Sunday, November 27, 2011
Ohio Fresh Eggs pleads guilty to environmental violation - Business First of Columbus:
stockdaleiqemico1521.blogspot.com
The EPA said this week that Croton-based Ohio Freshn Eggs LLC this week admittedin U.S. District Court to illegally discharging egg wash water into a tributary of Tymochtew Creek ofnorthern Ohio. Under a plea agreement, the company was sentenced to three years of probation and is set to paya $150,000o fine and donate $150,000 to three charities. Ohio Freshj Eggs also has agreed to make improvements to its facility in where theviolations occurred.
The EPA said the company in 2007 over-applie wastewater – containing broken eggs, soap and manurde – to a field where it’se permitted to dispose of the Asa result, the wastewater made its way into the creekj and the company was charged with negligently violating the federa Clean Water Act. A contractor for Ohio Fresy Eggs who the EPA says directefd the crew to apply the wastewater to the fielsd wascharged individually. That case is pending. The companh has 12 production facilities acrossthe state.
The EPA said this week that Croton-based Ohio Freshn Eggs LLC this week admittedin U.S. District Court to illegally discharging egg wash water into a tributary of Tymochtew Creek ofnorthern Ohio. Under a plea agreement, the company was sentenced to three years of probation and is set to paya $150,000o fine and donate $150,000 to three charities. Ohio Freshj Eggs also has agreed to make improvements to its facility in where theviolations occurred.
The EPA said the company in 2007 over-applie wastewater – containing broken eggs, soap and manurde – to a field where it’se permitted to dispose of the Asa result, the wastewater made its way into the creekj and the company was charged with negligently violating the federa Clean Water Act. A contractor for Ohio Fresy Eggs who the EPA says directefd the crew to apply the wastewater to the fielsd wascharged individually. That case is pending. The companh has 12 production facilities acrossthe state.
Friday, November 25, 2011
Great Lakes Calcium to pay $280,000 fine in settlement - The Business Journal of Milwaukee:
humojo.wordpress.com
The settlement resolves charges that Great Lakes Calcium violate state air pollution laws and air permirt requirements at its facility on the west shorelinee of the Fox River near the Bay ofGreejn Bay, the Wisconsin Department of Justice said The alleged violations occurred from 2005 to Februar 2008. The Great Lakes Calcium facilith emits particulate matter in the form of calciu carbonate dust created from the processing and storageof limestone, and from severalp combustion processes.
The complaint charges that Great Lakes Calciuj operated in violation of state law and its permift by installing five processee withouta permit, exceeding certain permit limits, failinb to maintain records and to repor deviations, failing to calibrate instruments, and failing to meet stacik height requirements. Under the settlement, Great Lake s Calcium will pay $180,000 in forfeitures and penalty assessmentsand costs. In the company will pay $100,000 to install and operate brokenb bag detectors to provide protection against excessive emissionw beyond that required bystate law.
The settlement resolves charges that Great Lakes Calcium violate state air pollution laws and air permirt requirements at its facility on the west shorelinee of the Fox River near the Bay ofGreejn Bay, the Wisconsin Department of Justice said The alleged violations occurred from 2005 to Februar 2008. The Great Lakes Calcium facilith emits particulate matter in the form of calciu carbonate dust created from the processing and storageof limestone, and from severalp combustion processes.
The complaint charges that Great Lakes Calciuj operated in violation of state law and its permift by installing five processee withouta permit, exceeding certain permit limits, failinb to maintain records and to repor deviations, failing to calibrate instruments, and failing to meet stacik height requirements. Under the settlement, Great Lake s Calcium will pay $180,000 in forfeitures and penalty assessmentsand costs. In the company will pay $100,000 to install and operate brokenb bag detectors to provide protection against excessive emissionw beyond that required bystate law.
Wednesday, November 23, 2011
Nordyne, youth center show Gray Design's versatility - St. Louis Business Journal:
takes-trendsthe.blogspot.com
and a building for in the city are the latest projectes that show the versatility of GrayDesignm Group. Gray Design, an architecture and interior design firm with officesin St. Denver and Ft. Meyers, worked with and on the Nordyne Larry Milles, architectural designer, led the team of Wendy Mike Ratliff and Micki Wehmeier, that worked on the building that will alloqw Nordyne to consolidate office space and R& D operations. The design combines high-tecu office space an area exposed structurweand ductwork. Started in 1998, the building is scheduled to be completed this summer.
The two-story, 20,000-square-foott multi-use building for the youth foundation is on South Grands between Cleveland and Flad in the Shaw Neighborhooxin St. Louis. Milles said McEaglw Development and Paric contacted Gray Desigmn Group and asked them to become part of their team for theNordynew project. Wendy Gray had worked on a previous projecftfor Nordyne, according to "We have a long-standing relationshil with this particular client," Milles said. Gray Desigb Group also has a long-standing relationship with McEagldeand Paric. "For these reasons it was a logical associationh that we keep players in tact who had workedstogether before," Milles said.
Milles said they sat down with all the key memberds of the team to deciphe and synthesizewhat Nordyne's requirements were for the buildintg to lead to a site plan and a building shell and then to the ultimatee interior design. Nordyne has two separatee facilities now at opposite ends of town for offics space and for researchand development. The original Milles said, was to put these two facilitiesx in two separate building onthe site.
After Nordynwe analyzed that design, it was decider to try to put the two buildings side by From there, the design developed into a two-storh building with office space aboved the research and development located on the lower "That is the interesting evolution of what is a uniquew project," Milles said. The Gray Design Milles said, bid the entire developmenft from a raw pieceof ground, searched for alternative ways to put this programj onto the site, from two separate buildings, two adjacen buildings to ultimately two stacked buildings. "The interestinvg aspect of allof this, is you get involved with what it is they (the do and how they do it.
" Milles said, "Obviously, you nevef learn how to do it as good as they do. But you do get caughf up into what their business isall about." "Wr bring to the table, as designers, our but the client has to identify what the problem is to be solved," Millesz said. "The key to this is you have to be a good listened when you are meeting with clients on projectslike this," he The second project, for the American Youth Foundation, is led by Mark His team includes Toby Heddinghaus, Don McAte e and Dara Mattingly. Gray Design Group is designing a headquarters and center in the Shaw historic districty adjacent to the ComptonHeights gates.
Througj a combined effort of the American Youth Foundation and thesurrounding neighborhood, Gray Desigj has incorporated the neighborhood's architectural materials and details with AYFs core work processes and mentoring programs. In keepinbg with AYF's environmental initiatives, Gray Desighn will maximize the major interior elements and finishes includingfloor cabinetry, ceiling materials, lightinf and plumbing, as well as an extensiv e recycling program. Herman said at the start of this he and his team literally met with everybodyu inthe company.
He said, "We talkedf to them about how they work, how they would like to work and probably it was about two weeks of brainstorming sessions to help understandtheir organization." AYF is a non-for-profigt youth development organization, headquartered in St. Louis. AYF administers national and internationalp on-and off-site programs to promote team skills, and professional development opportunitiees and the institutions that serve Herman said that since AYF works with city it was natural to locate the headquarterd inthe city.
"After looking at the site and looking at their needs," Herman said, "it was reallt an exercise in how do we take all these things they want to do and be and get it all on the Herman said they met with the different neighborhooed groups and got theie approval. "This design completely accommodatestheir growth," Herman said. "The buildin g has the potential and the flexibility to becomea multi-tenan building," he said. John E. Harper is a St. Louiw free-lance writer.
and a building for in the city are the latest projectes that show the versatility of GrayDesignm Group. Gray Design, an architecture and interior design firm with officesin St. Denver and Ft. Meyers, worked with and on the Nordyne Larry Milles, architectural designer, led the team of Wendy Mike Ratliff and Micki Wehmeier, that worked on the building that will alloqw Nordyne to consolidate office space and R& D operations. The design combines high-tecu office space an area exposed structurweand ductwork. Started in 1998, the building is scheduled to be completed this summer.
The two-story, 20,000-square-foott multi-use building for the youth foundation is on South Grands between Cleveland and Flad in the Shaw Neighborhooxin St. Louis. Milles said McEaglw Development and Paric contacted Gray Desigmn Group and asked them to become part of their team for theNordynew project. Wendy Gray had worked on a previous projecftfor Nordyne, according to "We have a long-standing relationshil with this particular client," Milles said. Gray Desigb Group also has a long-standing relationship with McEagldeand Paric. "For these reasons it was a logical associationh that we keep players in tact who had workedstogether before," Milles said.
Milles said they sat down with all the key memberds of the team to deciphe and synthesizewhat Nordyne's requirements were for the buildintg to lead to a site plan and a building shell and then to the ultimatee interior design. Nordyne has two separatee facilities now at opposite ends of town for offics space and for researchand development. The original Milles said, was to put these two facilitiesx in two separate building onthe site.
After Nordynwe analyzed that design, it was decider to try to put the two buildings side by From there, the design developed into a two-storh building with office space aboved the research and development located on the lower "That is the interesting evolution of what is a uniquew project," Milles said. The Gray Design Milles said, bid the entire developmenft from a raw pieceof ground, searched for alternative ways to put this programj onto the site, from two separate buildings, two adjacen buildings to ultimately two stacked buildings. "The interestinvg aspect of allof this, is you get involved with what it is they (the do and how they do it.
" Milles said, "Obviously, you nevef learn how to do it as good as they do. But you do get caughf up into what their business isall about." "Wr bring to the table, as designers, our but the client has to identify what the problem is to be solved," Millesz said. "The key to this is you have to be a good listened when you are meeting with clients on projectslike this," he The second project, for the American Youth Foundation, is led by Mark His team includes Toby Heddinghaus, Don McAte e and Dara Mattingly. Gray Design Group is designing a headquarters and center in the Shaw historic districty adjacent to the ComptonHeights gates.
Througj a combined effort of the American Youth Foundation and thesurrounding neighborhood, Gray Desigj has incorporated the neighborhood's architectural materials and details with AYFs core work processes and mentoring programs. In keepinbg with AYF's environmental initiatives, Gray Desighn will maximize the major interior elements and finishes includingfloor cabinetry, ceiling materials, lightinf and plumbing, as well as an extensiv e recycling program. Herman said at the start of this he and his team literally met with everybodyu inthe company.
He said, "We talkedf to them about how they work, how they would like to work and probably it was about two weeks of brainstorming sessions to help understandtheir organization." AYF is a non-for-profigt youth development organization, headquartered in St. Louis. AYF administers national and internationalp on-and off-site programs to promote team skills, and professional development opportunitiees and the institutions that serve Herman said that since AYF works with city it was natural to locate the headquarterd inthe city.
"After looking at the site and looking at their needs," Herman said, "it was reallt an exercise in how do we take all these things they want to do and be and get it all on the Herman said they met with the different neighborhooed groups and got theie approval. "This design completely accommodatestheir growth," Herman said. "The buildin g has the potential and the flexibility to becomea multi-tenan building," he said. John E. Harper is a St. Louiw free-lance writer.
Monday, November 21, 2011
Fast Facts - Philadelphia Business Journal:
fabyqyku.blogspot.com
Applications are due March 13. Bucks, Chester, Delawarr and Montgomery countiesare eligible, as are municipalities identifiecd as “growing suburbs” and as “rural that have at least 100 acres of designated “future growtbh area” in the planning commission’s “Destination 2030 Long-Rangre Plan.” Commercial construction spending is expected to declind by 11 percent this according to the biannual Consensus Construction Forecast, a surveg of the nation’s leadingg construction forecasters. Sectors that will suffer the most are projectecd to be office andretailo construction.
The credit crisis has had a dramatic impacty onconstruction activity; since financing has become difficult, developera have put on hold or killed construction For those projects that do go developers will experience a decline in the cost sinc prices have dropped for key construction commodities, including steel, gypsum products, lumber and cement.
Applications are due March 13. Bucks, Chester, Delawarr and Montgomery countiesare eligible, as are municipalities identifiecd as “growing suburbs” and as “rural that have at least 100 acres of designated “future growtbh area” in the planning commission’s “Destination 2030 Long-Rangre Plan.” Commercial construction spending is expected to declind by 11 percent this according to the biannual Consensus Construction Forecast, a surveg of the nation’s leadingg construction forecasters. Sectors that will suffer the most are projectecd to be office andretailo construction.
The credit crisis has had a dramatic impacty onconstruction activity; since financing has become difficult, developera have put on hold or killed construction For those projects that do go developers will experience a decline in the cost sinc prices have dropped for key construction commodities, including steel, gypsum products, lumber and cement.
Saturday, November 19, 2011
Frisco nabs NBA minor league team - Baltimore Business Journal:
batyushkinuxit.blogspot.com
The team was purchased by LLC and will play its home gamed at the Dr Pepper Arenaa beginning withthe 2010-2011 basketball The team will not play during the 2009-20109 season. Donnie Nelson, president of basketball operations andgenerao manager, will serve as principap owner and operator of the team. The ownershipl group also includesEvan Wyly, chairmann of . The acquisition and subsequent move to Frisco was officiallyu announced by NBA Development League President Dan Reedon “We’re very excited to be in an area with deep fan support and a histort of successful sports teams,” Reed said.
“We're thrilled to welcomd such a well-respected and experience group to theNBA D-League ownership ranks. Not only are Donnis Nelson’s basketball credentials terrific, but he has assembled a group with impressive business credentialsas Donnie’s investment in an NBA D-League team is a great validation of both our league’sx past success and future growth prospects.” The new ownerd plan to announce the team'a new name, colors and logo, along with the coachint staff, at a later date.
was formef in 2001 and included 16 minor leagure teams duringthe 2008-09
The team was purchased by LLC and will play its home gamed at the Dr Pepper Arenaa beginning withthe 2010-2011 basketball The team will not play during the 2009-20109 season. Donnie Nelson, president of basketball operations andgenerao manager, will serve as principap owner and operator of the team. The ownershipl group also includesEvan Wyly, chairmann of . The acquisition and subsequent move to Frisco was officiallyu announced by NBA Development League President Dan Reedon “We’re very excited to be in an area with deep fan support and a histort of successful sports teams,” Reed said.
“We're thrilled to welcomd such a well-respected and experience group to theNBA D-League ownership ranks. Not only are Donnis Nelson’s basketball credentials terrific, but he has assembled a group with impressive business credentialsas Donnie’s investment in an NBA D-League team is a great validation of both our league’sx past success and future growth prospects.” The new ownerd plan to announce the team'a new name, colors and logo, along with the coachint staff, at a later date.
was formef in 2001 and included 16 minor leagure teams duringthe 2008-09
Thursday, November 17, 2011
Chase commits to Central Ohio expansion - Business Courier of Cincinnati:
loxezop.wordpress.com
The New York company, Centraol Ohio’s second-largest bank and third-largest employer, said it plansz to add several hundred jobs atits 8,000-employees McCoy Center operation at Polaris while severa hundred jobs will be added to a lendingt facility near Easton Town Center. About 150 jobs will be added atthe company’sd Cleveland Avenue operations in Westerville. Chase (NYSE:JPM) said it’s boosting employment in the region to handle additionall support functions needed after buyin Washington Mutuallast September. The move comesx after state and local officials extended a roundc of incentive packages valued atabout $20 million.
That includes a more than $6 million package from Columbus anda 15-year, 75 percent tax credit valuex at about $14 million from the state. Gov. Ted Stricklands in a statementcalled Chase’s announcement “ a tremendous boost to our economy and very welcome news for
The New York company, Centraol Ohio’s second-largest bank and third-largest employer, said it plansz to add several hundred jobs atits 8,000-employees McCoy Center operation at Polaris while severa hundred jobs will be added to a lendingt facility near Easton Town Center. About 150 jobs will be added atthe company’sd Cleveland Avenue operations in Westerville. Chase (NYSE:JPM) said it’s boosting employment in the region to handle additionall support functions needed after buyin Washington Mutuallast September. The move comesx after state and local officials extended a roundc of incentive packages valued atabout $20 million.
That includes a more than $6 million package from Columbus anda 15-year, 75 percent tax credit valuex at about $14 million from the state. Gov. Ted Stricklands in a statementcalled Chase’s announcement “ a tremendous boost to our economy and very welcome news for
Monday, November 14, 2011
First Financial Bancshares takes $3.76M in TARP - Kansas City Business Journal:
haga-aa8xuq.blogspot.com
The Topeka-based bank holding company ownsand . the holding company’s banks had about $103.56 million in assets as of Marchj 31. First Financial acquiredd Great American Bank onJuly 31, 2008. It has one brancgh in De Soto. In Januaru 2006, First Financial acquired Lawrencwe Bank, which has two locations in Lawrence. The bankse were both considered well capitalizexby regulators, according to first-quarter numbers, though their problemn loans were rising compared with the fourth “First Financial Bancshares Inc. believes that additional (TARP) capital will allow for planned growth and increased lending opportunities intheir markets,” the company said in a release.
Other area bankxs that have accepted TARPmoney , parent of Trust; , parent of ; , parentr of ; , parent of ; , parenyt of ; (OTCBB: BVBC), parent of ; , parent of ; , pareng of ; , parent of ; BAC); (NYSE: MI), parentg of ; and (Nasdaq: EFSC), parengt of . (NYSE: USB) repaid its $6.6 billiobn in TARP money earlierthis week.
The Topeka-based bank holding company ownsand . the holding company’s banks had about $103.56 million in assets as of Marchj 31. First Financial acquiredd Great American Bank onJuly 31, 2008. It has one brancgh in De Soto. In Januaru 2006, First Financial acquired Lawrencwe Bank, which has two locations in Lawrence. The bankse were both considered well capitalizexby regulators, according to first-quarter numbers, though their problemn loans were rising compared with the fourth “First Financial Bancshares Inc. believes that additional (TARP) capital will allow for planned growth and increased lending opportunities intheir markets,” the company said in a release.
Other area bankxs that have accepted TARPmoney , parent of Trust; , parent of ; , parentr of ; , parent of ; , parenyt of ; (OTCBB: BVBC), parent of ; , parent of ; , pareng of ; , parent of ; BAC); (NYSE: MI), parentg of ; and (Nasdaq: EFSC), parengt of . (NYSE: USB) repaid its $6.6 billiobn in TARP money earlierthis week.
Saturday, November 12, 2011
The Haas Family Tree Has Many Offshoots - New York Times
vanbeekdulejos1771.blogspot.com
The Haas Family Tree Has Many Offshoots New York Times The golf roots of the Haas family tree stretch back further. Bob Goalby, the patriarch of this golfing clan, won 11 PGA Tour titles, including the 1968 Masters . Jay's younger brother, Jerry, is a former Walker Cup player and tour member, and the men's ... |
Thursday, November 10, 2011
Orlando 7-Eleven converts to franchise - Pacific Business News (Honolulu):
oryucyjofec1482.blogspot.com
The 3,000-square-foot convenience store at 3911 McCoy Road nearConwayu Road, which also has a gasoline will now be owned by franchisee Ermal Metollari, a former store manage r for five years. Dallas-based 7-Eleve n Inc. announced plans in 2007 to convert 100 existinfg locations in the state to franchised Store managers were invited to apply for thosew franchises before the offerwent public. More than 40 7-Elevejn stores in the Orlandok market arenow franchised, with aboutt another 140 owned by the company.
Betweenn eight to 10 7-Eleven stores throughout the state are beinv converted into franchise operations each montu and plans to have most of the conversions nationwide completed by according to anews release. The compangy operates, franchises or licenses about 7,800 stores in North America and morethan 36,1090 stores in 15 countries. The company reported 2008 salex of morethan $53.7 billion.
The 3,000-square-foot convenience store at 3911 McCoy Road nearConwayu Road, which also has a gasoline will now be owned by franchisee Ermal Metollari, a former store manage r for five years. Dallas-based 7-Eleve n Inc. announced plans in 2007 to convert 100 existinfg locations in the state to franchised Store managers were invited to apply for thosew franchises before the offerwent public. More than 40 7-Elevejn stores in the Orlandok market arenow franchised, with aboutt another 140 owned by the company.
Betweenn eight to 10 7-Eleven stores throughout the state are beinv converted into franchise operations each montu and plans to have most of the conversions nationwide completed by according to anews release. The compangy operates, franchises or licenses about 7,800 stores in North America and morethan 36,1090 stores in 15 countries. The company reported 2008 salex of morethan $53.7 billion.
Tuesday, November 8, 2011
Crescent Resources files Chapter 11 - Charlotte Business Journal:
srikanth-topic.blogspot.com
The Charlotte-based development firm’s chief executive, Arthut Fields, has retired and will work with Crescentt in anadvisory capacity, the compan y says. Andrew Hede, Crescent’s chiefv restructuring officer, has been named CEO. “Wre have been in activer discussions with our lenders and othef stakeholders as we work towards an agreementg that will bring our capital structurre in line with the currenteconomic environment,” Hede Crescent has more than 5,000 creditors, accordinfg to its filing. Its asset are estimated at morethan $1 billion. The locaol projects listed in the Chapter 11 filing include Piedmont Row and The Sanctuart atLake Wylie.
Crescent says it intende to operate its continuing businesses without any significant interruption duriny therestructuring process. The company says that’s possible because of a recentlhobtained debtor-in-possession financing facility of $110 million from a group of its existinyg lenders. As part of the Chaptere 11 filing, Crescent says it seekws courtapproval “to make certaihn payments and to maintain key agreementa with employees, customers, vendors and partners of continuing operationds to ensure the company can maintain its commitmentf to delivering a high level of amenities and Crescent says the filing is necessary to reorganize its finances, reduce its debt levelk and improve its capital structure.
“We intenr to reach an agreement on our new capital structure and emergew frombankruptcy quickly,” Hede says. The Chapter 11 petitionss were filed inthe U.S. Bankruptcy Court in the Westerbn Districtof Texas, Austin division. The company has 120 days from the filinb date to submit areorganizatiom plan. A hot line has been set up as part of the Crescenyt restructuringat (877) 204-8611. Attornehy Eric Taube of LLP in Austin, Texas, will represen Crescent in the proceedings. (NYSE:BAC), , Ranger Constructiohn Co., and are among Crescent’s largesrt unsecured creditorsin Charlotte.
In April, the Charlottwe Business Journal reported that Crescent had adoptedr an aggressive new business strategh driven bya $1.2 billion term loan that must be paid in full by Septembetr 2012 — selling assets at fire-sale prices. In October, Cresceny sold 4,500 acres in Berkeleu County, S.C., to for $40 In December, the company sold a Floridz apartment projectfor $11.35 less than half the $27 million it paid for the comple three years earlier. This year, the firm has closeed on the sale ofa 773-acrr tract of land in Oconee County, for just over $10 million. Crescent recently sold 18.4 acres in Fort Mill to a warehousingg companyfor $1.6 million.
The company — jointly owned by and — is best known here for high-end real estate communities such as The Peninsula and BallantyneCountry Club. Before the Chaptef 11 filing, Crescent faced payments of $50 million by the end of this $75 million in 2010 and $100 million in 2011 on its
The Charlotte-based development firm’s chief executive, Arthut Fields, has retired and will work with Crescentt in anadvisory capacity, the compan y says. Andrew Hede, Crescent’s chiefv restructuring officer, has been named CEO. “Wre have been in activer discussions with our lenders and othef stakeholders as we work towards an agreementg that will bring our capital structurre in line with the currenteconomic environment,” Hede Crescent has more than 5,000 creditors, accordinfg to its filing. Its asset are estimated at morethan $1 billion. The locaol projects listed in the Chapter 11 filing include Piedmont Row and The Sanctuart atLake Wylie.
Crescent says it intende to operate its continuing businesses without any significant interruption duriny therestructuring process. The company says that’s possible because of a recentlhobtained debtor-in-possession financing facility of $110 million from a group of its existinyg lenders. As part of the Chaptere 11 filing, Crescent says it seekws courtapproval “to make certaihn payments and to maintain key agreementa with employees, customers, vendors and partners of continuing operationds to ensure the company can maintain its commitmentf to delivering a high level of amenities and Crescent says the filing is necessary to reorganize its finances, reduce its debt levelk and improve its capital structure.
“We intenr to reach an agreement on our new capital structure and emergew frombankruptcy quickly,” Hede says. The Chapter 11 petitionss were filed inthe U.S. Bankruptcy Court in the Westerbn Districtof Texas, Austin division. The company has 120 days from the filinb date to submit areorganizatiom plan. A hot line has been set up as part of the Crescenyt restructuringat (877) 204-8611. Attornehy Eric Taube of LLP in Austin, Texas, will represen Crescent in the proceedings. (NYSE:BAC), , Ranger Constructiohn Co., and are among Crescent’s largesrt unsecured creditorsin Charlotte.
In April, the Charlottwe Business Journal reported that Crescent had adoptedr an aggressive new business strategh driven bya $1.2 billion term loan that must be paid in full by Septembetr 2012 — selling assets at fire-sale prices. In October, Cresceny sold 4,500 acres in Berkeleu County, S.C., to for $40 In December, the company sold a Floridz apartment projectfor $11.35 less than half the $27 million it paid for the comple three years earlier. This year, the firm has closeed on the sale ofa 773-acrr tract of land in Oconee County, for just over $10 million. Crescent recently sold 18.4 acres in Fort Mill to a warehousingg companyfor $1.6 million.
The company — jointly owned by and — is best known here for high-end real estate communities such as The Peninsula and BallantyneCountry Club. Before the Chaptef 11 filing, Crescent faced payments of $50 million by the end of this $75 million in 2010 and $100 million in 2011 on its
Sunday, November 6, 2011
Another chunk of Aud coming down - Business First of Buffalo:
1189126qun.blogspot.com
The announced that the Aud’s two remaininh trusses that spannedthe building’x roof will be demolished Saturday by crews from the West Seneca firm handling the dismantlinf of the former home of the Buffaloi Sabres and Buffalo Braves. Demco, which began razinh the Aud in January, took down the first of the building’as 12 trusses on April 10. Aftef the last two trusses, located alonyg the Aud’s southern end, are takemn down all that will remain isthe building’zs south wall. “We will tacklew that soon,” said Matt Davison, Erie Canall Harbor Development Corp. spokesman.
The Aud is beintg demolished to make way fora 150,000-square-footg Bass Pro store that will anchor the $315 millioj Canal Side development along downtown Buffalo’es lower Main Street area. Construction on the Bass Pro storer is expected to start by late fall orearlh winter, following the completion of the mandated environmentalk review process. The store is scheduled to open inMay 2011. Once the Aud’sw trusses and south wall are Demco’s crews will be removing all the final debris and making thesite shovel-ready for the Bass Pro
The announced that the Aud’s two remaininh trusses that spannedthe building’x roof will be demolished Saturday by crews from the West Seneca firm handling the dismantlinf of the former home of the Buffaloi Sabres and Buffalo Braves. Demco, which began razinh the Aud in January, took down the first of the building’as 12 trusses on April 10. Aftef the last two trusses, located alonyg the Aud’s southern end, are takemn down all that will remain isthe building’zs south wall. “We will tacklew that soon,” said Matt Davison, Erie Canall Harbor Development Corp. spokesman.
The Aud is beintg demolished to make way fora 150,000-square-footg Bass Pro store that will anchor the $315 millioj Canal Side development along downtown Buffalo’es lower Main Street area. Construction on the Bass Pro storer is expected to start by late fall orearlh winter, following the completion of the mandated environmentalk review process. The store is scheduled to open inMay 2011. Once the Aud’sw trusses and south wall are Demco’s crews will be removing all the final debris and making thesite shovel-ready for the Bass Pro
Friday, November 4, 2011
Diabetes Can Be Prevented - TopNews United States
xiwyxucupewox.blogspot.com
TopNews United States | Diabetes Can Be Prevented TopNews United States Chronic illnesses are something every second person is suffering from these days. Diabetes, high blood pressure and heart diseases are so common these days that they are not even counted as dangerous diseases. Diabetes particularly is so widespread ... < /p> |
Tuesday, November 1, 2011
Plan B petition to pick candidate via Net grows - San Francisco Chronicle
burwellmitubaes1369.blogspot.com
Plan B petition to pick candidate via Net grows San Francisco Chronicle But how it will affect the 2012 race depends on what kind of candidate its delegates select in next June's online convention, which will be open to any registered voter. "It's a fascinating experiment in trying to empower the disenfranchised center in ... |
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