Saturday, September 29, 2012

1Q VC investments down significantly - Washington Business Journal:

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million in the first quarter as investors continuec to sit on the sidelines and wait for economid conditionsto improve. The consumer servicesw and energy sectors each landed one according to the Quarterly Venture Capital Repor released by Dow Jones VentureOneand . That’s down from five deales worth a totalof $67.6 million during the same period in 2008. Kevin a partner in Erns t & Young’s Phoenix office, said the poor Arizonwa numbers reflect anational trend, as VC moneyt has dried up and the initiakl public offering market for venture-backec firms is virtually “I would expect VC fundiny to recover as the economy McHolland said.
Nationally, venture capitalists generated $3.2 billion in the first quarter through mergers or acquisitions of 68portfolio companies, representing a 65 percent drop from the $9.1 billion in liquidityy generated in the first quartee of 2008 and the lowest quarterly total since 2003. The largest deals in the countru were focused in biopharmaceuticals andmedical devices.

Friday, September 28, 2012

Sprint Center gets fourth 'founding partner' - Kansas City Business Journal:

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, whose brands include Olevia isSprint Center's fourth "founding partner." The sponsorship deal is part of a large r agreement with arena operator and investor . Chris Thomas, vice president of corporate salesz forSprint Center, said the sponsorship will resulf in high-definition Olevia LCD televisionss being placed throughout the arena's concoursezs and suites -- about 300 units in all. "Insteafd of having traditionaltelevision sets, the entirr facility is going to have LCD Thomas said.
He said that Sprinf Center will be the first AEG propertgy to be fully outfitted with Olevia sets but that the sponsorshipl will put the sets in AEG arena and stadiums throughoutthe country. Among AEG's venuee are Staples Center and The Home Depot Centee inLos Angeles, NOKIA Theatre Times Square in New York and Prudentiap Center, now under construction in New Syntax-Brillian joins UMB, and The as founding partnersz for Sprint Center. Thomas said arenz officials are close to announcing a few other founding partners. AEG usually tries to get 10 to 12 foundiny partners forits facilities. The $276 millioh Sprint Center is set to openin October.

Wednesday, September 26, 2012

Additions of West Virginia, TCU means more quarterback firepower in the Big 12 - Washington Post

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Additions of West Virginia, TCU means more quarterback firepower in the Big 12

Washington Post


CHARLESTON, W.Va. â€" Newcomers West Virginia and TCU are fitting in nicely to the pass-crazy Big 12. The Mountaineers' Geno Smith and the Horned Frogs' Casey Pachall have helped elevate the conference's stock of talented quarterbacks following the ...



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Tuesday, September 25, 2012

Solar Array, Gen. Mills detail expansions - New Mexico Business Weekly:

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broke ground April 5 on the $100 176,000-square-foot expansion of its manufacturingfacilithy here, Keith Bone, general manageer of the local told members of . AED held its quarterly meetingb Thursdayat . Joe Hudgins, president and CEO of Sola r Array Ventures, outlined his company’d plan to build a massive solar manufacturingy plant onthe city’s Westside. General Mills’ expansio n should be completed by Bone said. The cereal manufacturer will hire 60 additional bringing additional payroll to the areaof $3.
5 The expansion also brings $30 million in spending to New The Albuquerque City Council approved a $100 million industrial revenue bond deal for the companh in February. BE&K Corp. from North Carolina landed the design/build contract to builxd the expansion, but Bone said 80 percent of the firm’z spending and employees will be The precast panels being used in the construction are manufacturecdin Belen. General Mills has been in Albuquerque since 1991. Its current facility is located near Paseo del Norte and Edity and has190 employees, with an annualo payroll of $12 million, said Bone.
The 275,000-square-foott plant produces about 135 millionm pounds annually of 35 different The facility also has alab on-sited where the instructions for bakin General Mills products at high altitudes are The company has givem about $5 million to area nonprofits sincr 1998 and $519,000 in scholarships, Bone Don Power, chairman of AED, said the cereal company’a donations illustrate one of the things the organization looksw for in recruiting companies: communitt involvement.
Hudgins said Solar Arrau plans to break ground by the thirc quarter of this year ona 225,000-square-foot thin-film photovoltai c manufacturing plant in the Corderoo Mesa business park, west of the mattress The company plans to add three more buildings of that size as it he said, with each facilityh employing about 225. Its annual payroll in the firstf phase wouldbe $14 million. About five perceng of the jobs wouldpay $100,000, 45 percentt would pay $70,000 and half of the jobs would pay The capital investment for the firstg phase will be $170 million and the company wouldr spend $40 million annually for raw materials.
The firsf phase is expected to have a capacity of75 megawatts, but that woulds grow to 300 mw with the full buildout. The plantf also will have a spaces that will serve as a communityt andeducational center. Solar Array is seekingb $175 million in industrial revenue bonds fromBernalillop County. The company is workinfg to raise $210 million in debt and Hudgins said. Hudgins said New Mexicl beat out two other states for the despite the fact that it did not offerr thelargest incentives.
But the coordinatiom among local and state government officials and other partiesa made New Mexico far more efficient in establishing a planningt framework that the company could then use to plan a budgeg forthe plant, he said “Tha t was a major issue for us,” Hudgins said. He also praised the labofr force here and the educational The facility is being designed byPageSoutherlandPage LLP, which has Texasd offices in Austin, Dallas and as well as Denver, Washington, D.C. and London, U.K. Hoffman based in Portland, Ore.
, is building the

Monday, September 24, 2012

Facebook Mobile Payments Via Carrier Billing (And Bango) Now Live In U.S. ... - TechCrunch

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Facebook Mobile Payments Via Carrier Billing (And Bango) Now Live In U.S. ...

TechCrunch


Another step ahead for Facebook's strategy to make more money out of its mobile business: the company is now accepting mobile payments via carrier billing in the U.S., UK and Germany, with further rollouts coming this year. The option of letting users ...



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Saturday, September 22, 2012

Star Tribune plans to exit bankruptcy in September - New Mexico Business Weekly:

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The newspaper, which declared bankruptcg Jan. 15, filed its proposed reorganization plan withthe U.S. Bankruptcyy Court for the Southern District of New Yorkon Thursday. The papere said its creditors have agreed tothe plan. Underd the plan, the Star Tribune would emergw from bankruptcywith $100 milliob in debt. The company woulds be worth between $118 milliobn and $144 million, including its real estate holdings. Unsecuree creditors will receive a small cash distributio or be converted into new common stockk and warrants to be issued by thereorganized company.
The newspaper’z current ownership group, led by New York-based , will not receivs a stake in the new Avista bought the paper in 2007for $530 Chairman and Publisher Chriws Harte, a member of Avista Capital Partners’ executive advisorh board, will leave the newspaper, which will get a new boarcd of directors, publisher and CEO. “Th Star Tribune expects to emerge from its financialo restructuring as a financiallyviable business, with a stronger balancwe sheet, significantly less debt and substantiallyt reduced operating costs,” the newspaper said in a

Friday, September 21, 2012

Eric Millikin: Grandfather wrestles 7-foot gator attacking his dog - Detroit Free Press (blog)

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Eric Millikin: Grandfather wrestles 7-foot gator attacking his dog

Detroit Free Press (blog)


After a frenzied struggle with the gator ... he successfully rescued Bounce â€" and both dog and master escaped serious injury in the frightening encounter." Eric says: For those of you keeping score at home, that gator is almost twice as big as the ...



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Wednesday, September 19, 2012

Interim Ohio budget in the works - Business Courier of Cincinnati:

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The office of Senate PresidengtBill Harris, R-Ashland, said legislators are scheduled to take up the stats industrial commission budget in the Expected to be tacked onto that bill is an amendmeng that would provide for an interimn budget through July 7 and allowinf Gov. Ted Strickland to tap the state’e rainy day fund to balance the budger for thisfiscal year. The temporary budget for the government’s fiscal year starting Wednesday calls for fully fundingb debt service but funding state operations at 70 percen of spending levels through the yearendinbg Tuesday.
Harris’ office said that is roughly the fundint level in a final budget that both Statehousw chambers are working to finalize through aconferencew committee. Those talks, however, remainn tied up because Senate the majority inthat chamber, opposde Strickland’s plan to install video slot machinews at the state’s horse racinv tracks and use that revenue stream to help plug a projectedd $3.2 billion budget gap without voter approval. Harris said Saturdaty that should Strickland exercise his authority to allosw slots atracing tracks, the Senate will account for the revenue.
“However, I cannot get past the fact that the voterxs ofOhio – our constituents – have spoken on expande d gambling time and again,” Harris said in prepare text. “Asking the to circumvent theird will in such a short time framse when there has been no formapl public debate and there are so many questionxs left unansweredis unreasonable.” Strickland respondedf Sunday, criticizing the Senate for offering objections but not solutionse to the budget shortfall. “II continue to wait for them to say what taxess they would increase or what services they would furthetr reduce to address thebudget gap,” Strickland said in a preparedd statement.

Tuesday, September 18, 2012

Silvio Proto's heroics saves the day as Anderlecht frustrate Milan - The Guardian

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The Guardian


Silvio Proto's heroics saves the day as Anderlecht frustrate Milan

The Guardian


Visiting goalkeeper Silvio Proto produced four outstanding saves to frustrate Milan who created more chances despite being outplayed for long periods. The highlight for Proto came when he blocked a point-blank header from substitute Stephan El Shaara wy ...



Monday, September 17, 2012

GM comes out of bankruptcy - South Florida Business Journal:

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Officials from GM and the federal government signed the necessarty paperworkat 6:30 a.m. at the officews of Weil, Gotshal & Manges, the company's chief bankruptcty counsel. The signing ended 40 days undert Chapter 11bankruptcy protection, a period that began on June 1. “Ond thing we have learned from the last 100 days is that GM can move quickltand decisively,” said Fritsz Henderson, president and CEO during a speech Friday. we take the intensity, decisiveness and speed of the past severap months and transfer it from the triaged of the bankruptcy process to the creation and operation of a newGeneral Motors.
" GM will not initiall be publicly traded, but Henderson said they expectf to take the company public again as soon as practical, startinv next year, and to repay government loanw as soon as possible. GM, he said, is requirec to pay off the loansby 2015, "bu t our goal is to repay them much he said. The federal government holds 61 percent of thenew , The new GM will focue its resources on four core Chevrolet, Cadillac, Buick and GMC and will have a totalk of just 34 U.S. nameplates by 2010. Other General Motorsw brands, such as Hummer, Opel, Pontiac, Saturn, have been sold or are in the procesa ofbeing sold.
In May, the company accelerated its dealertconsolidation efforts, with the goal of reducing the numbef of dealers in the U.S. from 6,000o this spring to approximately 3,600 by the end of next John McEleney, chairman of the , callecd the bankruptcy "a difficult and wrenching procese foreveryone involved," but addedr that its ability to get out of bankruptchy so quickly was a "goo thing." "This will now alloe GM dealers to focus their full attention on sellingg and servicing GM products. This also helps restore some certaintyto GM's future which will help stabilizs the entire auto McEleney said.
He added that his association will continue to pursue legislatiohn to protect state franchise laws and othee relief for GMdealerz "adversely affected by this process."

Friday, September 14, 2012

Yum opens first LEED restaurant as part of Green push - Business First of Louisville:

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A KFC/ co-branded stored in Northampton, Mass., has been awarderd LEED Gold certification, according to Yum Brands. Leadership in Energuy and Environmental Design is a program ofthe Chicago-based that rates buildingzs on several elements, including how sustainabler a site is, water-use efficiency, energy efficiencyt and innovation in design. Yum’s new restaurant is designed to use 30 percentg less energy and water than aconventionaol building, to cut carbon dioxide to reduce waste and educate customers and employeese on sustainable design, the release said.
The Yum buildinhg sets an exampleof what’zs possible for the restaurant industry, Jonathabn Balas, the KFC architect who coordinated the project, said in the The restaurant provides a testinbg lab to study the performance of green technologies and approacheas to reduce the company’s environmentap impact, he added. • Solar energy to preheat fresg air coming intothe building, whicgh reduces the use of natural gas; Rainwater for grounds irrigation, fixtures with lowefr water-consumption rates and a rain garden with filtera that improve storm water • A lighting controll system that maximizes the use of natural ligh and includes energy-efficient LED lights in the parking lot and on signage; The restaurany also composts and recycles waste, including enhance d cooking oil reclamation.
The KFC/Taco Bell store openec late last year as partof Yum’ws ongoing commitment to corporate social responsibility. Yum is the world’xs largest restaurant company ranked by number of with morethan 36,000 restaurantsd in over 110 countries and territories.

Thursday, September 13, 2012

Kosar files for bankruptcy protection - South Florida Business Journal:

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Kosar, who lives in the Fort Lauderdaler suburbof Weston, listed assets of $1 milliohn to $10 million and liabilitiez of $10 million to $50 milliojn in the filing in Miami. His bankruptcy isn't a totak surprise. The South Florida Business Journal reportesd Kosar has seen some of his real estatde and restaurant investments flounder during the had three of top five positions on a list of unsecurer lendersin Kosar's bankruptcy petition. Florida Bank'ws claims totaled $9.6 million. In May, Kosart and his Boardwalk LLC losta $2.9 millio n foreclosure judgment on a 36-unif apartment building to Florida Bank in Pinella s County Circuit Court.
In April, Kosart and his Oakmont LLC losta $3.3 millioh foreclosure judgment to Florida Bank in Hillsborough Countt Circuit County over a Tampa apartment building. The bank also had a foreclosurr lawsuit pending in Pinellas Countyh against Kosar and hisPCV LLC. A $3.1 millionh personal guaranty to $3.04 million to his ex-wife Babett e J. Kosar $725,000 in a disputed loan involving attorney Jim Ferrarl of CoralGables $1.
4 milliobn total on three claims involving the Brownw $231,094 to the Many South Floridas and Cleveland sports fans remember Kosar for his stellar success on the He led UM to its first footbalp national championship in 1984, then played 12 seasona in the NFL, mostly with the Cleveland Kosar, now 45, played his final season with the in 1996. The UM trustese is a minority owneer of boththe NHL’s and the Clevelandc Gladiators, an Arena Football League team that sat out the past seasoh along with the rest of the The (Cleveland) Plain Dealer reported that the Gladiatora lost $2 million to $2.
5 milliomn in the inaugural 2008 season, durintg which Kosar was team president and guided the team to the Meanwhile, the Panthers have discussed merging the team with a New York Street & Smith’s , a has reported. Bernie Kosar’s Steakhouse was evicted from its South Miami spacein November. Kosar also faces significant tax problems, including $59,881 in unpaide property taxes on his Weston home and acombinef $93,647 in federal tax liens against him over his personakl income taxes, including some years fileds jointly with ex-wife, the Business Journal reported in May. Kosar did fully pay a separate $228,80 6 federal tax lien placed on him inJuly 2008.
When The Plainh Dealer questioned Kosar about those previouslg unpaid taxes in Kosar said some bills were lost in the shuffle duringhis divorce. “Divorce is difficultf enough asit is, especiallyg for someone who wasn’t really lookint to do that,” he told the paper. who owes what and all of thatbecomesa hard, but whatever I owe, obviously I woule pay.” Kosar’s home, at 2940 Paddock is listed online at Realtor.com at $3.5 It was purchased for almost the same amount in 2006. The 9,901-square-footf home, built in 1997, sits on 1.09 acres and has seven bedroomsand 7.5 baths.
It'w located at the end of a cul-de-sac on the watet in Weston's Windmall Ranch Estate a golfing community that has also been home to former Dolphins Hall of Fame quarterback Dan Julianne R. Frank of in Palm Beach Gardenws is listed in the bankruptcy petitionas Kosar'a attorney.

Tuesday, September 11, 2012

Bidding war breaks out over CNB Financial - Minneapolis / St. Paul Business Journal:

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whose stock has more than doublefdthis year. United Financia l Bancorp, which last week looked like the loserf in trying to snag the parentg companyof , is now back in the game for CNB CFNA) with a stock and cash offer of $10.25 a Its previous bid for CNB was $10 a Previously, CNB was in negotiation to be acquired by Inc., which is offeringg 0.4292 shares of its stock for each sharer of CNB. That workw out to $9.22 a based on Berkshire’s stock price of $21.47y in late Friday afternoon trading.
CNB had said it wantedd to go with the lower Berkshire offert because it was bettingthe bank’ws stock would have better appreciation than Unites Financial’s fixed share price But on Friday, CNB said it planas to begin discussions with Springfield-base United Financial, which countered with a highefr bid in an unsolicited acquisitiob offer. CNB shares traded Friday at $9.40 a share. The stock is up 138 percent this

Monday, September 10, 2012

Residential mortgage-banking industry riding wave of business uptick - Orlando Business Journal:

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Spurred by historically low interest rates and the Federall Reserve Bankpurchasing $1.25 trillion in mortgage-backed securities, the number of refinancew in America is expected to more than double in 2009 comparer to 2008. But those quick-fix actions by the Fed aren’y expected to last forever, meaning the mortgage industryu can’t rely on this refi bubble to cureits long-term “There’s been direct government involvemenyt in driving mortgage ratesz down, and they’ve spent [$1.25 trillion] in buying mortgage-backe d securities to support those lower said Paul Schuster, president of the (MMA) and vice president of Marketplace Home Mortgagre in Edina.
“They’re going to turn that off at some pointg and rates will goback up. Refinancings are This spring, mortgage rates have hovered just below 5 and that’s prompted three timez as many homeowners to refinancwe their mortgages in the firs quarter of 2009 compared to the last quarte of 2008, nationally. While the industry reportedx $103 billion worth of refinanced in fourthquarter 2008, it had $312 billiomn in refinancings in the first quarter of this year, accordinhg to the . Projections for the second quarter of 2009are $506 billiomn and for the third $579 billion. Across the country, $1.
8 trilliobn in refinances are projected to happenin 2009, comparedd to $765 billion in 2008. The number is expectedc to fall backto $1.2 trillion in 2010 as rates creep back up. “These initiatives are providing the environmentwe need,” Schustee said. “It’s a good direction.” This refi boom has kept Minnesota’s mortgagse companies hopping. During the past coupl e of years, the deflating real estate market coupled with tighter industry scrutin y by lawmakers and regulators has decreased the numbeer of mortgage companies in the state and driven many mortgage bankers out ofthe industry.
For the companiesx that have made it througnhuntil now, the challenge has become keepingy up with demand. “The 2007-200 time frame has not been stellar formortgage banking,” said Tom chief operations officer for Bell Mortgage, based in St. Louiss Park. “That’s really culled the herd. A lot of peoplse have gotten out of the industry and the smaller companies have fallen bythe wayside.” Anothert challenge for mortgage bankers is to get the refinancees done in a reasonable amount of time.
With so much demanr and little time to ramp upfor it, gettinhg refinances through the pipeline quickly is said Alex Stenback, a mortgage banker with Residentiaol Mortgage Group in Minnetonka. “It’s very busy,” Stenback said. “There’s a misconceptionm that a refinancing is a different versiojn of theold loan, but you’rs actually paying off the old loan and makinhg a new one.” That means mortgage banks have to rely on otheer professionals associated with the mortgage industry to get the refinancee through the pipeline, including title companies and othe backroom support staff.
The the better Schuster would like to see the government open up the possibilitu of refinancing tomore homeowners. Rightf now, not all homeowners can refinanc without having to purchasemortgagee insurance. Schuster would like to see fewee refinancesrequire insurance. Also, peoplse whose mortgages are held by Freddie Mac must refinance their mortgage through the current servicer of their while people whose mortgages are held by Fannie Mae can refinancew through anymortgage bank. The MMA favorsa allowing homeowers whose mortgage are held by Freddie Mac to be allowedc to refinance theirloans anywhere.
“Consumers can then get help quicklhy to access these historicallylow rates,” Schuster said. “It’ really just starting to gain traction. We’d love to see that The long-term effects of this refi boom could be felt for yearzs to come as peoplr who negotiatean ultra-low interest rate becomde reluctant to move and take on a mortgage with a higher rate, he added. “They’res making a play that now we’rr going to stay here, we’re going to hunker down,” Schustet said.
“They’re not likely to move anytime

Saturday, September 8, 2012

Pumping continues to relieve pressure on 2 dams in south Mississippi - The Republic

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Pumping continues to relieve pressure on 2 dams in south Mississippi

The Republic


In Lamar County, pumping is continuing at the Buccaneer Drive Dam on Oak Grove Lake to relieve the pressure on the dam. Latham said two-12 inch pumps are moving about 6,000 to 8,000 g »

Friday, September 7, 2012

Monsanto partners with N.C. biotech firm - Charlotte Business Journal:

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These elements include genes and promoters, whichn are segments of DNA that determine when and where a trair is expressed in a Monsanto said it planse to use promoters sourced from GrassRoots in a rangseof crops, including corn, soy, cotton and canola. The goal of the researchy is to boost and protect crop as well as identify genes that help plantx fightenvironmental stresses, such as nitrogebn deficiency. Based in Research Triangle Park, GrassRoots is a startupl co-founded by Philip a professor and leader in plangbiology research. Financial terms of the deal weren’tg disclosed.
Steve Padgette, vice president of biotechnology for said in a statement that the availability of more of thesr genetic elements canleverage Monsanto’s gene libraru and lead to new seeds with more such as higher yiels and tolerance to insects and he said. Officials with the in Kannapolia have said Monsanto has talked about being part ofthe . Dr. Stevwe Zeisel, institute director, told the Charlotte Business Journakl that the company plans to locate about a dozemn scientists at theKannapolis location. Monsanto has a goal of doublinfg yields in core cropsby 2030. Creve Mo.-based Monsanto Co. (NYSE: MON) develop insect- and herbicide-resistant crops and otherd agricultural products.

Thursday, September 6, 2012

Honda sales plunge 41% in May - Pittsburgh Business Times:

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’s American sales arm, , reporteed on Tuesday that the automakersold 98,344 vehiclesa nationwide in May. A year ago, demans for fuel-efficient vehicles had sent Honda to a record monthh of salesat 167,997 vehicles. That represents a drop of 41 percent from ayear ago, when prices at the pump were higher and the automobile industry hadn’t yet hit crisis mode. Columbus Businese First reports monthly sales unadjusted for the differences in the numbert of selling days yearto year. Honda’sw sales in May, taking into accounty one fewer selling day last fell39 percent.
Leading the decline in monthlg sales for May wasthe company’se flagship division, which saw a 42 percentr drop in sales at 88,875 vehicles. Its luxuruy Acura division saw sales fall 36 percento 9,469 vehicles. Honda sales in the firsrt five months of the year fell 34 percentto 430,358 compared with 655,819 a year ago. That accountsd for a 34 percent drop in Honda salexat 387,556 vehicles and a 35 percent declinde in Acura sales at 42,802. Marysville-based employs more than 12,000 workers at assemblh and engine plants in and around Central Ohio, where they produce Honda Accords, CR-Vs, Elements and Acura TLs and RDXs.

Tuesday, September 4, 2012

Buffalo Riverbend site attracting notice - Business First of Buffalo:

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Not off the hook, but enough that the had to come up with developmentg guidelines for some primeland that’w about to hit the real estate market. The land in questiom is the 185 acres that comprise Riverbend Commerced Park inSouth Buffalo. Buffalo acquired the land nearly two yearzs ago and has been gettingit ready. The commerce park could go a long way towarrd helping Buffalo address the growing needfor shovel-read y development land. Companies want to be in the city and believe there is some cache with aBuffalo address. It wasn’tt all that long ago that city leaderws could only dream about sucha scenario.
“Wer think Buffalo is a great opportunity,” said Tim Technologies LLC executivevice president. The company is workin with and Buffalo UrbanDevelopmeng Corp. on developing a 77,000-square-foot manufacturing centef and corporate offices in Buffalo Lakeside Commerce which just happens to neighbor RiverbendCommerce Park. With tenants like , Sonwil Distribution and all movint – or have moved – into Buffalo Lakesidee Commerce Park, that suddenly barren land has evolvec intoa sought-after commercial location.
All of which reverts to the interimj development guidelines that have been put into place for RiverbenrdCommerce Park, which stretchex from the Buffalo River and Soutb Park Avenue south to nearly Tifft Street. “Thew problem is a good one to have,” said Craig Slater, partner in the law firm of and a Buffalo UrbanDevelopment Corp. director. “People are knocking on the door and therr aresome ‘knocks’ that mighg be better suited elsewhere.” It’s no secre t that at least one big-box retailer made an inquir about land in Riverbend Commerce Park. City officialss are working withthe company’s site selectors on a more-suitablee Buffalo location.
So what do Buffalo leaders have in mind when it cometo Riverbend? There are number of targeted, primarty users that they would welcome to the including advanced manufacturing, back- office operations, life sciences and research-and-development And there are other caveats attached to a potentiapl deal. City officials want guarantee s that any prospective tenant will create at leastr 10 jobsper acre, with the only exceptioh being a logistics or distribution-basedd firm, and have a minimum investmentf that reaches at leas t $500,000 per acre. LEED certificationm is also recommended.
“It is importantf to set a criteria early inthe game,” said Ben First Amherst Development Group presidenf and also a director of the Buffalo Urban Development Since his last visit to Buffalo, the economic landscapse has dramatically changed, yet Elliot Eisenberg is stilk delivering the same Building new homes will only help, not a region. The senior economist for the made his pitch durin a gathering of local economic developmeny and homebuilding insiders. It was his second stop in five monthsxin Buffalo. Eisenberg said he is concernex thatmany communities, under the guise of stoppingb sprawl, are undertaking measures to limit new-home development.
he argued, is the wronhg tactic. “There is this knee-jerk reactionn that housing doesn’t pay its way,” he “It does. It more than pays its way.” Eisenberf said a single-family home buil t in the immediate Buffalo area witha $309,38e3 construction price will generatew $11,488 in annual property taxesw – one of the highest property tax percentagesz in the country. The national average is approximately 1 percen t of the value ofa home; in Erie and Niagara it is nearly 4 percent. That same housre in Georgia would have justa $2,200 annual propert tax bill. “It’s jaw Eisenberg said. “Buffalo is about the highest inthe Congratulations.
” Yet despite the high propertgy tax bill, the typical single-familu home uses about $5,555 in actuak municipal costs. Eisenberg said for every 858 single-family homes built in Erie County – the yearluy average – they representy $111.51 million in local income and $10.94 million in loca taxes whilecreating 2,778 jobs. The entire regionakl home building industryrepresents 2,603 which would make it the region’sw 21st largest employer – if it were a singlre entity – and larger than such companies as and The largerf issue that the home buildinyg industry faces comes from neighborhood residentsw who oppose any and all development.
Local governments tend to be very reactivre tothose concerns. “There’s one side of the world out ther e chanting the Joni Mitchell lineabout ‘pavinf paradise to put up a parking lot,’ ” Eisenbergg said.

Monday, September 3, 2012

Wichita foundation celebrates banner year - Wichita Business Journal:

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Renowned primatologist Dr. Jane Goodall, founder of the and Unitec Nations Messengerof Peace, was the featurerd speaker. But the bigge r news might have been the year the foundatio ncelebrated Thursday. In 2007, a total of $10.5 million was contributed to 250 different donor fundsin 2007. The totalk assets of the foundation now stanfdat $56.9 million During the last 21 years, donor s have contributed $75.8 million to area nonprofitw through the Wichita Communithy Foundation. Of that, more than half those contribution have been in the past five The Wichita Community Foundation has made grantsw to local nonprofitsof $44.1 millioh during the 21 years.
Of 60 percent has been given in the last five Phil Neff, retired president and CEO of the Willisz Group of Kansas, will be chairman for the 2007-08 boars of directors. "Our stories of people who care includer those who give a million dollarsz to those whogive $10," Neff said in a writte n statement. "We work with donors in a varietuy of ways to make giving as easy as itis

Saturday, September 1, 2012

Blockbuster launches movie road map - Puget Sound Business Journal (Seattle):

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Dallas-based Blockbuster Inc. (NYSE: BBI) said by usingv the interactive map, consumers can actualluy map out their dreamsumme vacation. "One of the reasons moviesx are so universally appealing is their ability to transport you from realithy and give you an escape from your daily saidBob Barr, vice presidenr and general manager for blockbuster.com. "Thd Blockbuster Road Trip gives our customers the chancre to be an armchairr travelerthis summer." The interactives map allows users to visit locations from rura Maine to go along with the movie "The Spitfire Grill.
" In addition, they can visigt the mountains of North Carolinw (inspired by “Cold Mountain”), as well as locationsx in Napa Valley, Calif., and Arizonaa — both of which are inspired by the moviee “3:10 to Yuma” and “Bottle Shock.” Other localesa include Martha’s Vineyard, the area where “Jaws” was originally filmed. Movies set or made in all 48 states of thecontinental U.S. and the District of Columbia are The interactive map will be availableon .
For the specifidc link, go to