Wednesday, March 30, 2011
Architects for Banks have more work to do - Baltimore Business Journal:
Michael Moore, the city's interim director of the Transportationn & Engineering Department, said the board scheduled anothee working session forJuly 22. Board members askedc the development team's architects to continue to refind their design for the first phase of thenearly billion-dollarr Banks project, Moore said. The boared is especially interested in the northeast corne r ofthe project, which will be the first thinyg people see as they walk out of Greatf American Ball Park. "It's pretty visible, and it's pretty Moore said. Construction of the first phasde of the Banksis underway.
Crewxs are building the underground garages that will lift the developmentt out of theflood plain. Construction of the "overbuild," which will consisy of retail space, 300 apartments and possiblh aboutique hotel, is expectedc to start later this summer. The Atlanta-baseed team of Carter and the Dawson Co. is developing the projecyt for the city andHamiltoh County.
Tuesday, March 29, 2011
Chicanos Por La Causa, MariSol credit unions merge - Denver Business Journal:
As part of the merger, whicj finalized June 1, CPLC’s one location will becomew a MariSol’s branch at 701 S. Central bringing its total number of metr Phoenix locations to The Chicanos Por La Causa staff will remain at the centrall branch and CPLC accounts will be transferredsto MariSol. Members shouldn’t expect any “We are committed to makingy this transition as seamless as possible and to maintaininfg our shared values and commitment to our Hispanic said MariSol CEORobin L. “MariSol will continue to focus on making a difference in the community we servs and to educating each of our new members on ways they can maintain their ownfinancial stability.
” Both organizations serve the region’ vast Latino demographic and have seen losses mount in the financiall crisis, similar to many other credit unions here. Many of thei r customers have lost their jobs and are strugglin g to meetloan payments. CPLC lost $52,000 in the first and boosted its loan loss allowance to In 2008, the credit union lost $585,000. As of March 31, it had 77,4632 delinquent loans on the books. MariSool lost $214,006 in the first quarter and reportexthat 210,818 borrowers were delinquent on In 2008, MariSol lost The nonprofit has more than $26 million in assetxs and 6,700 members. CPLC was founded in 1988 and grewto $4 millionm in assets and 1,700 members.
Sunday, March 27, 2011
Sizemore shows progress in loss to Giants - MLB.com
MLB.com | Sizemore shows progress in loss to Giants MLB.com If he progresses like Cleveland hopes, Sizemore could be activated some time during April. "It's hard with Grady to figure out exactly what the timetable will be," Indians general manager Chris Antonetti said this week. "We're hopeful it'll be closer ... |
Friday, March 25, 2011
Green Township OKs Mercy hospital plan - Orlando Business Journal:
The plan passed 3-0. “We’re very pleasefd to get to this stage and exciterd to take thenext step,” said Pete spokesman for Mercy. “We realize there is stil a lot of work to do and we look forwarx to continuing to work with the residentes and the township leaders to developo a hospital everyone can beprouf of.” The project will now be submitted to the Hamiltojn County Regional Commission for consideration, probably next month, Gemmer The planned hospital and parking areasz would cover about 40 acres and sit near to Interstate 74. The to cost $200 million, coulds open in early 2014.
The proposed site is 60 Mercy has said it will closr itstwo West-Side hospitals: Mercyh Hospital Western Hills and Mercy Hospital Mount The new hospital, with 200 to 250 beds, will be a replacemeny for them. Some residents in the area had expressexd concerns about increased traffic as a result of the whose main access road would be from NorthBend Road, at roughlh the midway point between Kleeman and Boomer. Gemmer said a trafficd impact study through the HamiltonCounty Engineer’x Office is nearly complete.
Wednesday, March 23, 2011
Tartan Fields in receivership - Atlanta Business Chronicle:
Columbus lawyer A.C. Strip, who’s representing Columbus-based receiver Martin Management Services, said GE Capitap filed to put the golf club into receivershi p on Friday in Delaware Countyt CommonPleas Court. Details on the nature of Tartan’sw default weren’t immediately available, but Stripp said the club is less than 60 days behindx onits loan. Strip said that despited the filing, the receiver has “no intention now or in the futurd tocease operations” and that it “wants to give everu opportunity for the golf course to survived with its present management.
” “We’re at a crossroadzs and a number of possibilities could develop from this,” he Among those: A sale of the course, a chances for the course’s owners to reorganize in conjunction with GE Capital, or a refinancinf deal with another lender. A message seekin g comment was left with Tartab managementMonday afternoon.
Monday, March 21, 2011
Family businesses may be best equipped to ride out recession, Barclays Wealth report says - Business First of Columbus:
With difficult economic timews ahead, Doyle would be willing to give up her salaru again to keep thecompany afloat. “Wr would do without the pay, as opposec to laying people off,” said Doyle, who founderd Compassionate Care HomeHelpers Inc., a non-medica in-home service provider, with the help of her sistere and mother. Other U.S. family businesses may make the sametougnh decisions. According to a Barclays Wealth report earliefthis year, this factor and otherd may mean family businesses are particularly well-positionesd to ride out the downturn.
the report points to severaol key characteristics that many familybusinesses share, such as a long-ter outlook, tendency toward risk aversion, low debt load and managementf agility. “If you look at the sacrifices that can be made in the shortr term in regard to wages they may be able to take a little bit less in saidRay Vargo, director of the Smalkl Business Development Center at the University of Pittsburgh’ Institute for Entrepreneurial Excellence. Dianee Sandstrom, consulting manager with Duquesne University’s Smalol Business Development Center, said about 25 percent to 30 percent of small businesses in the region fall intothe family-owne category.
“Sometimes, the family owned businesses are not in such a dire Sandstrom said. “They will fund an expansion using sweat equity instead of goinfginto debt.” Sweat equity couls simply mean agreeing to work longer hours for a certaihn period of time to see the family businesa through a rough spot, she said. The decision-making process in a familty owned business also may be more efficienf than other typesof companies, Sandstromn said. “They can make a change much she said. Family-owned businesses also will sometimes not take on a big burdemn of debt because they want to pass thebusinessx down, Sandstrom said.
Doyle’s experience with Compassionate Care is The company, which is only now close to profitability, coulfd not afford to pay its office stafft — Doyle, her sister and their motherr — for the first two years of its so the three went without a “If we didn’t do that, we wouldn’t stil l be here today,” Doylwe said. “None of us got paid to do any of Doyle said communication is extremelgy easy between motherand daughters, and they can reach each othert after business hours to make a decision. “Wew don’t have to wait until Monday at9 a.m. to make a Doyle said.
The trio is willing to again gowithouft salary, although Doyle doesn’t expect the downturn to so thoroughlyy impact the company to make that “We still will do that if need she said. One danger for family-ownefd firms, however, is that, because much of theitr debt may bepersonally guaranteed, when a business it could be financially devastating for the family, Vargk said. “I’ve seen some situations where family member have gone out to borroew everything theycould — they think it is goin to turn around,” he said. “When a person is signing their name onthe line, it’s personap debt.
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Sunday, March 20, 2011
Worse than Three Mile Island, local expert says of Japanese nuclear crisis - The Times and Democrat
Reuters | Worse than Three Mile Island, local expert says of Japanese nuclear crisis The Times and Democrat BARRY THUMMA/AP FILE A cooling tower of the Three Mile Island nuclear power plant looms behind an abandoned playground near Harrisburg, Pa., in this photo from March 30, 1979. The nuclear crisis in Japan has transported residents of central ... The lessons of Three Mile Island Demand for energy certain to outweigh fear Worcester couple remember living near Three Mile Island |