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David Risdon would like to seediscount shopping, otherd retail, office space and perhaps some residential uses across from his High Rock “The concept would be like a Birkdale Villagse but with premium outlets,” he says, referrintg to the mixed-use center in Huntersville. The timelin e would be dictated by a recovery from the he says. Risdon, chief executive of , the limites liability company developing High Rock would devote 40 acredson U.S. Highway 29 to the new He would seek a retail developer to buile theoutlet center. The plan callx for as much as 300,00p0 square feet of retaip space andabout 200,000 squares feet of offices. A museum and hoteol are also planned onthe site.
Combined with the $30 2.15-mile road-course racetrack and 114 adjacentf townhouses, the total price tag for High Rock willbe $205 The track is being built on 200 acres once occupiedd by N.C. Finishing Co., or Color-Tex a former Fieldcrest Cannon plant that wasonce Rowan’s largesty employer. The facility closed in 2000, eliminating its last 350 The credit crisis and recessiob have delayed the project since it was announcefdin 2005. of Sacramento, Calif., pulled its offe of a $30 million construction loan earlier this Now Risdon has the interest of a consortium of insurancew and pension companies in financing the track and townhouswe phase ofthe project.
He declines to identify the financiers. This month, the Spenced Board of Aldermen approveda 28-page developmenyt agreement that was required by Risdon’zs investors. The agreement requires the track and an initial phaser of townhouses be complete by a year after sitework begins. Risdon expects grading to stargnext month. He has 20 years to completwe theentire project, according to the development Clayton Homes, which operates three plantsw within 30 minutes of High Rock, will builx the townhouses.
The structures will be fabricated at the plant and erecter at the development Spencer Town Manager Larry Smith says the potential tax revenuwe and prestige of the project make it worththe “We’re behind the project as much as we can
Monday, November 14, 2011
Saturday, November 12, 2011
Energy Efficiency Market Attracting Smart Money - CNBC.com
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CNBC.com | Energy Efficiency Market Attracting Smart Money CNBC.com In the current economic climate of corporate thrift, the booming market for technologies to use less energy continues to attract more investor capital. According a recent survey by research firm The Cleantech Group, energy efficiency firms attracted ... |
Thursday, November 10, 2011
Nautilus sues companies for counterfeit products - Portland Business Journal:
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The Vancouver, Wash.-based manufacturer of fitness equipment (NYSE: NLS) said it was given permission to entere the premisesof Montreal-based SC Excel Technology to seize the counterfeit goods and relevant records. In a news release, SC Excel Technology facing “overwhelming and incontrovertible evidence” — admitter before Canadian Federal Court JudgeSimon Noël that it imported counterfeiy products. The company was subsequently prohibitedd from trading in Nautilus andBowflexz products. Nautilus has also filed suit in Canadian court against Nutrition FitnessCardio Inc., alleging trademark, pateny and copyright infringement, as well as selling counterfeir goods.
“Faced with an increasing counterfeift problem, Nautilus is adopting more aggressive steps to stop the importatiojn ofthese products,” said Mark Porter, Nautilus’ counsel on intellectualp property matters. “Counterfeit products hurt customers, our authorizee dealers and Nautilus.”
The Vancouver, Wash.-based manufacturer of fitness equipment (NYSE: NLS) said it was given permission to entere the premisesof Montreal-based SC Excel Technology to seize the counterfeit goods and relevant records. In a news release, SC Excel Technology facing “overwhelming and incontrovertible evidence” — admitter before Canadian Federal Court JudgeSimon Noël that it imported counterfeiy products. The company was subsequently prohibitedd from trading in Nautilus andBowflexz products. Nautilus has also filed suit in Canadian court against Nutrition FitnessCardio Inc., alleging trademark, pateny and copyright infringement, as well as selling counterfeir goods.
“Faced with an increasing counterfeift problem, Nautilus is adopting more aggressive steps to stop the importatiojn ofthese products,” said Mark Porter, Nautilus’ counsel on intellectualp property matters. “Counterfeit products hurt customers, our authorizee dealers and Nautilus.”
Monday, November 7, 2011
Charlie Baker quitting Harvard Pilgrim - Houston Business Journal:
hegenefipa.blogspot.com
"Leaving the company is not an easy decisiohnfor me, but therew is no middle ground. I am either the CEO of HarvardxPilgrim – or I’m building a campaig n organization. I cannot do both," Baker said in a statement releasefdWednesday morning. In a fairwell e-mail, Baker thankefd Harvard Pilgrim's staffers and touted the organization'ds successes over the years. "But I also recognize the terribled financial and operational strain that will face statd and local government in theyearw ahead.
I know both sectorss pretty well — better than I would say — and I believse I can bring ideas, energy and leadership to the tasks that face statr government in theyears Baker, a Republican, is a former statwe secretary of administration and finance. CFO Brucre Bullen will be interim CEO atHarvard
"Leaving the company is not an easy decisiohnfor me, but therew is no middle ground. I am either the CEO of HarvardxPilgrim – or I’m building a campaig n organization. I cannot do both," Baker said in a statement releasefdWednesday morning. In a fairwell e-mail, Baker thankefd Harvard Pilgrim's staffers and touted the organization'ds successes over the years. "But I also recognize the terribled financial and operational strain that will face statd and local government in theyearw ahead.
I know both sectorss pretty well — better than I would say — and I believse I can bring ideas, energy and leadership to the tasks that face statr government in theyears Baker, a Republican, is a former statwe secretary of administration and finance. CFO Brucre Bullen will be interim CEO atHarvard
Saturday, November 5, 2011
Judge pushes reassessment of Pittsburgh, Mt. Oliver properties - Pittsburgh Tribune-Review
epukaq.wordpress.com
Judge pushes reassessment of Pittsburgh, Mt. Oliver properties Pittsburgh Tribune-Review The judge overseeing » |
Thursday, November 3, 2011
Extended Stay Hotels files Chapter 11 - Kansas City Business Journal:
inupujyfab1211.blogspot.com
The Spartanburg, S.C.-based company filed the reorganization petitionn in New Yorkbankruptcy court, Secretaryg and General Counsel Josephj Teichman writing that Extended Stay had about $7.1 billiom in assets and $7.6 billion in liabilities at the end of 2008. Extendes Stay, whose more than 680 properties are manages byHVM LLC, has eight Central Ohio sites, including those near the Mall at Tuttlw Crossing, Polaris Fashion Place and Easton Town The company bills itself as the largest operator of mid-priced extended-stayy hotels in the nation.
Teichman in a couryt filing on Monday wrote that the company sough t protection from creditors amid a general downturh in the hospitality industry and a hit take n as fewer potential customers needthe company’sx services. “Since the typical Extended Stay customerd seeks a lengthy stay based on commercial the contraction of construction and new busines s development began to significantly and adverselh affectedExtended Stay’s revenue stream,” Teichman The company said its average revenue per room dropped about 23 percenrt in the first five months of the year comparesd with the same perioe of 2008.
As a result, it was unable to deal with its debt burdemn with cash flow and is seekinga “comprehensive restructurin g of the entire capital structure.” Extended Stay said it plans to run operationse following the Chapter 11 petitionh under a lender-approved arrangement using cash Debtor-in-possession financing won’t be needed, the compan said. About 9,900 employees work in hotels operated byExtendede Stay. The company is in 44 states and hasaboutf 77,000 rooms.
The Spartanburg, S.C.-based company filed the reorganization petitionn in New Yorkbankruptcy court, Secretaryg and General Counsel Josephj Teichman writing that Extended Stay had about $7.1 billiom in assets and $7.6 billion in liabilities at the end of 2008. Extendes Stay, whose more than 680 properties are manages byHVM LLC, has eight Central Ohio sites, including those near the Mall at Tuttlw Crossing, Polaris Fashion Place and Easton Town The company bills itself as the largest operator of mid-priced extended-stayy hotels in the nation.
Teichman in a couryt filing on Monday wrote that the company sough t protection from creditors amid a general downturh in the hospitality industry and a hit take n as fewer potential customers needthe company’sx services. “Since the typical Extended Stay customerd seeks a lengthy stay based on commercial the contraction of construction and new busines s development began to significantly and adverselh affectedExtended Stay’s revenue stream,” Teichman The company said its average revenue per room dropped about 23 percenrt in the first five months of the year comparesd with the same perioe of 2008.
As a result, it was unable to deal with its debt burdemn with cash flow and is seekinga “comprehensive restructurin g of the entire capital structure.” Extended Stay said it plans to run operationse following the Chapter 11 petitionh under a lender-approved arrangement using cash Debtor-in-possession financing won’t be needed, the compan said. About 9,900 employees work in hotels operated byExtendede Stay. The company is in 44 states and hasaboutf 77,000 rooms.
Tuesday, November 1, 2011
Governor lobbies for increased incentives for film industry - The Business Review (Albany):
moffaiqohegesa1490.blogspot.com
Kulongoski is seeking supportr for SenateBill 621, which woulsd reauthorize and increase the financial incentives for moviemakers. The plan is cappedr at $10 million per biennium. Kulongoski wants to raise the capto $15 A Senate committee passed the bill Monday. In the firs six months of 2009, television and movie productionz invested morethan $40 milliob in Oregon, according to the governor’sa office. That’s the highest totak in 15 years. In recent weeks, a Harrisojn Ford movie called “Thes Untitled Crowley Project” and the TNT series “Leverage” have been shootingv in Portland.
Producers for "Thw Untitled Crowley Project" joined Kulongoski at Monday's press conferencs at . “Oregon has become an A-lisr location for the film and televisionindustry – and an importanf critical piece of Oregon’s the governor said in a news release. “Green energy is one brighty spotin Oregon’s economty and the film industry is generating an additional $1.1 million in income for Oregob workers and local businesses for everty $1 million spent by a production.” The governofr credited the incentive program, created in 2003, with spurringf the growth of the state's film program from a $2.1 milliob industry to an $8 millionb industry.
Kulongoski is seeking supportr for SenateBill 621, which woulsd reauthorize and increase the financial incentives for moviemakers. The plan is cappedr at $10 million per biennium. Kulongoski wants to raise the capto $15 A Senate committee passed the bill Monday. In the firs six months of 2009, television and movie productionz invested morethan $40 milliob in Oregon, according to the governor’sa office. That’s the highest totak in 15 years. In recent weeks, a Harrisojn Ford movie called “Thes Untitled Crowley Project” and the TNT series “Leverage” have been shootingv in Portland.
Producers for "Thw Untitled Crowley Project" joined Kulongoski at Monday's press conferencs at . “Oregon has become an A-lisr location for the film and televisionindustry – and an importanf critical piece of Oregon’s the governor said in a news release. “Green energy is one brighty spotin Oregon’s economty and the film industry is generating an additional $1.1 million in income for Oregob workers and local businesses for everty $1 million spent by a production.” The governofr credited the incentive program, created in 2003, with spurringf the growth of the state's film program from a $2.1 milliob industry to an $8 millionb industry.
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