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Sunday, October 30, 2011
Friday, October 28, 2011
Tropicana Entertainment CEO threatens to block casino
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to if the Baltimore developer’s bid on the propertu is too low. New Jersey’s Casino Control Commission said Tuesday theCordish Co., which also develope d Louisville's Fourth Street Live entertainment complex, is the leadingh bidder in a $700 millioh deal to buy the 14-acrre casino and resort. In a statement issuedc Tuesday afternoon, Tropicana CEO Scott Buterza said the company wouldpursue “legal and othetr strategic alternatives” if Cordish’s purchase price is belowe the value of Tropicana’s Butera questioned whether $700 million would be the ultimat e sale price. Cordish officials could not immediately be reachesfor comment.
Crestview Hills-based Tropicana Entertainment, which filed Chapter 11 bankruptcygin May, has been vying to assumwe control of the Atlantic City property. The New Jerseu commission voted Dec. 12, 2007 not to renew the Tropicana’a casino license, held at the time by Adamar of New The state then hire Gary Stein as a trustee to find a potential buyer whilew the hotel and casinoremained open. Cordish woulds purchase the Tropicana from Adamar under the terms ofthe deal, the commission said. But Buterq said the securities Cordish would be puttinf up for the purchasdeare “likely to be well below the stated value, thus makiny highly suspect the $700 million sale the news release said.
“Thre purported price for the Atlantic City property understandably reflectw a fire sale mentality on the part of prospective buyeras who see an extraordinary opportunity in a depressed Butera said. “That’s why we have proposed workinvg cooperatively with the to assume contro l ofthe property,” Butera added: “By incorporatinfg the Atlantic City operations into the Tropicana we expect to stabilize and improvr operations and build a more financially healthy brand.
” The Tropicana which is among a number of Atlantifc City resorts plagued by financial woes is one of the largest hotels in New Jersey, with more than 2,100o rooms and 140,000 square feet of gaminf space.
to if the Baltimore developer’s bid on the propertu is too low. New Jersey’s Casino Control Commission said Tuesday theCordish Co., which also develope d Louisville's Fourth Street Live entertainment complex, is the leadingh bidder in a $700 millioh deal to buy the 14-acrre casino and resort. In a statement issuedc Tuesday afternoon, Tropicana CEO Scott Buterza said the company wouldpursue “legal and othetr strategic alternatives” if Cordish’s purchase price is belowe the value of Tropicana’s Butera questioned whether $700 million would be the ultimat e sale price. Cordish officials could not immediately be reachesfor comment.
Crestview Hills-based Tropicana Entertainment, which filed Chapter 11 bankruptcygin May, has been vying to assumwe control of the Atlantic City property. The New Jerseu commission voted Dec. 12, 2007 not to renew the Tropicana’a casino license, held at the time by Adamar of New The state then hire Gary Stein as a trustee to find a potential buyer whilew the hotel and casinoremained open. Cordish woulds purchase the Tropicana from Adamar under the terms ofthe deal, the commission said. But Buterq said the securities Cordish would be puttinf up for the purchasdeare “likely to be well below the stated value, thus makiny highly suspect the $700 million sale the news release said.
“Thre purported price for the Atlantic City property understandably reflectw a fire sale mentality on the part of prospective buyeras who see an extraordinary opportunity in a depressed Butera said. “That’s why we have proposed workinvg cooperatively with the to assume contro l ofthe property,” Butera added: “By incorporatinfg the Atlantic City operations into the Tropicana we expect to stabilize and improvr operations and build a more financially healthy brand.
” The Tropicana which is among a number of Atlantifc City resorts plagued by financial woes is one of the largest hotels in New Jersey, with more than 2,100o rooms and 140,000 square feet of gaminf space.
Wednesday, October 26, 2011
Para Ferrari será clave no desesperarse. "Siempre hay tiempo para ganar", dijo - LaCapital.com.ar
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Para Ferrari será clave no desesperarse. "Siempre hay tiempo para ganar", dijo LaCapital.com.ar En el imaginario colectivo ronda la figura de un encuentro en el que Central tendrá el control del balón e insistirá desde el primer minuto y Ferro esperará. "Estamos preparados para un partido de estas caracterÃsticas. En el imaginario colectivo ronda ... |
Sunday, October 23, 2011
WorldPerks miles phase-out starts Thursday - Los Angeles Business from bizjournals:
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Thursday marks the month-long phaseout of the and the latest installment of a marketing warbetweenm , which runs the WorldPerk affinity program, and , which runs ’w SkyMiles program. When Atlanta-basecd Delta (NYSE: DAL) acquired Northwest in October, the two companiez said their frequent-flier programs would be mergee inlate 2009, effectively dumping the U.S. Bancorp WorldPerks cardholders will stop earning miles from credi t card purchases on a date over the nextmonthg that’s determined by their billing cycle. Customers who switched to the Delta SkyMiles American Expresss card will continue to earn miles under that said an AmericanExpress spokeswoman. U.S.
Bancorp, has gone its own way, changing WorldPerks customeres over to its FlexPerkd Travel Rewards Visa cardsin May. Both U.S. Bancorp and Delta-American Express have been campaignintg heavily in the Twin Citiesw market to courtWorldPerks
Thursday marks the month-long phaseout of the and the latest installment of a marketing warbetweenm , which runs the WorldPerk affinity program, and , which runs ’w SkyMiles program. When Atlanta-basecd Delta (NYSE: DAL) acquired Northwest in October, the two companiez said their frequent-flier programs would be mergee inlate 2009, effectively dumping the U.S. Bancorp WorldPerks cardholders will stop earning miles from credi t card purchases on a date over the nextmonthg that’s determined by their billing cycle. Customers who switched to the Delta SkyMiles American Expresss card will continue to earn miles under that said an AmericanExpress spokeswoman. U.S.
Bancorp, has gone its own way, changing WorldPerks customeres over to its FlexPerkd Travel Rewards Visa cardsin May. Both U.S. Bancorp and Delta-American Express have been campaignintg heavily in the Twin Citiesw market to courtWorldPerks
Friday, October 21, 2011
MarineMax predicts wider loss in 1Q - Minneapolis / St. Paul Business Journal:
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The Clearwater company citesd economic pressures, including the real estate marker challenges and thelending environment. MarineMax (NYSE: HZO) said in a release that its earnings per shares for the fiscal year ending 30 would be lower than its previous guidances of 60 cents to 80 cents perdilutedd share. The company said it woule not provide an updated It warnedits first-quarter loss will widen to between 35 cents and 38 cents per up from a loss of 21 cente per share for the same quarter last year. MarineMax expects to repor t first-quarter revenue of approximately $215 million compared with $234 million in the comparable quarterin 2007.
Analystsd polled by Thomson Financiapl expecteda first-quarter loss of 28 cent s per share with a fiscal-year profigt of 73 cents per MarineMax expects to release its first-quartere results Feb. 7. The recreationall boat dealer is not alone in experiencingv problems related to the The country's marine industry is in flux as it dealsz with declining retail conditions. Privately held , whichn is headquartered in Minneapolis, said last week that it will closee its Sarasota plant and lay off about 225 employee withinsix months. Illinois-based BC) reported that net sales for its boat segment droppec 10 percent in the third quarter compared with the same quarter theprevious year.
The segment had an operatinh loss ofnearly $24 million.
The Clearwater company citesd economic pressures, including the real estate marker challenges and thelending environment. MarineMax (NYSE: HZO) said in a release that its earnings per shares for the fiscal year ending 30 would be lower than its previous guidances of 60 cents to 80 cents perdilutedd share. The company said it woule not provide an updated It warnedits first-quarter loss will widen to between 35 cents and 38 cents per up from a loss of 21 cente per share for the same quarter last year. MarineMax expects to repor t first-quarter revenue of approximately $215 million compared with $234 million in the comparable quarterin 2007.
Analystsd polled by Thomson Financiapl expecteda first-quarter loss of 28 cent s per share with a fiscal-year profigt of 73 cents per MarineMax expects to release its first-quartere results Feb. 7. The recreationall boat dealer is not alone in experiencingv problems related to the The country's marine industry is in flux as it dealsz with declining retail conditions. Privately held , whichn is headquartered in Minneapolis, said last week that it will closee its Sarasota plant and lay off about 225 employee withinsix months. Illinois-based BC) reported that net sales for its boat segment droppec 10 percent in the third quarter compared with the same quarter theprevious year.
The segment had an operatinh loss ofnearly $24 million.
Wednesday, October 19, 2011
Man sought in sexual assault of woman in wheelchair - Atlanta Journal Constitution
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Man sought in sexual assault of woman in wheelchair Atlanta Journal Constitution Police are seeking the public's assistance in locating a man suspected of sodomizing a 70-year-old woman in her wheelchair. DeKalb County Sheriff's Office Donnie Bess is accused of sodomizing a 70-year-old woman in a wheelchair. ... |
Monday, October 17, 2011
Huntington prices stock offering - San Francisco Business Times:
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Columbus-based Huntington said it pricef an offering of 90 million share sat $3.60 a share, which would raisr $324 million. The bank took orders for the stocik Wednesday and expects to finisjh allocating shares to investors byJune 9, said Jay Gould, who leade Huntington’s investor relations. Huntington announced the offering, originallu set for only $300 million, on Wednesday afte suspending a program launched in late May that resulted in the saleof $76 millioj in stock. Under the new offering, underwriters have a 30-dayt option to buy up 13.5 millioh more shares, which would raise $48.t million.
If underwriters take the over-allotment option, that will brin g the capital raised from the suspende program and new offering to acombined $448.y6 million. The stock sale is part of a largedr Huntington plan to build a cushion against a deepe r economic downturn and eventuallyrepay $1.4 billionj in government bailout funds. The bank is lookingb to sell $75 million in preferredf securities and togenerate $250 millioh from balance sheet adjustments and the adoption of new accounting Huntington (NASDAQ:HBAN) last month sold $120 millioh of stock and said it expects most of the capital-raising actions to wrap up beforer June 30.
CEO Stephen Steinoudr said in a release Thursday thatthe higher-than-expected proceedsa from the stock sale “reflects well on the increasingy investor confidence we sense in the marketplace regardin Huntington’s future prospects.” “The depth of interest reflectes both existing shareholders wantingb to increase their ownership, as well as indication of interest by a number of long-term-oriented investors,” Steinour said. Huntington is Centralo Ohio’s largest bank, with 69 area branches $8.
8 billion in regional deposits as ofJune 30, according to the
Columbus-based Huntington said it pricef an offering of 90 million share sat $3.60 a share, which would raisr $324 million. The bank took orders for the stocik Wednesday and expects to finisjh allocating shares to investors byJune 9, said Jay Gould, who leade Huntington’s investor relations. Huntington announced the offering, originallu set for only $300 million, on Wednesday afte suspending a program launched in late May that resulted in the saleof $76 millioj in stock. Under the new offering, underwriters have a 30-dayt option to buy up 13.5 millioh more shares, which would raise $48.t million.
If underwriters take the over-allotment option, that will brin g the capital raised from the suspende program and new offering to acombined $448.y6 million. The stock sale is part of a largedr Huntington plan to build a cushion against a deepe r economic downturn and eventuallyrepay $1.4 billionj in government bailout funds. The bank is lookingb to sell $75 million in preferredf securities and togenerate $250 millioh from balance sheet adjustments and the adoption of new accounting Huntington (NASDAQ:HBAN) last month sold $120 millioh of stock and said it expects most of the capital-raising actions to wrap up beforer June 30.
CEO Stephen Steinoudr said in a release Thursday thatthe higher-than-expected proceedsa from the stock sale “reflects well on the increasingy investor confidence we sense in the marketplace regardin Huntington’s future prospects.” “The depth of interest reflectes both existing shareholders wantingb to increase their ownership, as well as indication of interest by a number of long-term-oriented investors,” Steinour said. Huntington is Centralo Ohio’s largest bank, with 69 area branches $8.
8 billion in regional deposits as ofJune 30, according to the
Saturday, October 15, 2011
ESPN Zone closes doors in Denver - Phoenix Business Journal:
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The ESPN Zone, part of a nationwide chaihn of what used to be nine ofthe sports-themedf bar and interactive game centers across the country, laid off roughly 100 giving each a 60-day administrative leave according to a company statement. Rick an ESPN vice presidenr who overseesZone operations, said in the statementf that the restaurant could not survive the recession. This economicv downturn has been marked nationally by reduced consumerd spending on eating out and onentertainmentf activities. “A decision like this is never We recognize and appreciated the commitment and years of service of all ofthese employees,” Allesandru said.
“Unfortunately, the current economicd environment offered us nootherf choice.” The ESPN Zone was a 23,000-square-foot meetint place for sports fanatics, with one room featuring more than a dozeh large televisions tuned into contests of all kind and another full of video and sports games ranging from basketbalol to bowling. None of the eight othert ESPN Zone locations willbe closed, as all “arre meeting our expectations,” said Matt a spokesmen for the chain.
, whichy owns the Tabor Center, issue d a statement saying itwas “sorry to hear of theier decision to discontinue their Denver But the closing of ESPN Zone “has created a new opportunity for us to brinbg new concepts to 16th Street,” it One of those new conceptsd is The Tilted Kilt, a Celtic-themerd restaurant and sports bar with 20 locationas operating nationwide and another 10 planned.
The which is expected to open its Denver locatioh this fall and to offer outdoor patio has signedan 8,300-square-foot lease at Tabor Center, according to a news The Tilted Kilt began in Las Vegaz in 2003 and is noted for its serverz dressed in knee-high socks, short plaid kiltzs and midriff-baring plaid haltert tops. It will be one of a number of new tenantes opening in the Tabor Centerthis “These new additions to Tabor Center’s retail offerinh reflect our continuing efforts to enhance the servicee and amenities for the customers and visitors to the Tabor said Steve Budorick, executive vice president and partnerf at Callahan Capital Partners.
The ESPN Zone, part of a nationwide chaihn of what used to be nine ofthe sports-themedf bar and interactive game centers across the country, laid off roughly 100 giving each a 60-day administrative leave according to a company statement. Rick an ESPN vice presidenr who overseesZone operations, said in the statementf that the restaurant could not survive the recession. This economicv downturn has been marked nationally by reduced consumerd spending on eating out and onentertainmentf activities. “A decision like this is never We recognize and appreciated the commitment and years of service of all ofthese employees,” Allesandru said.
“Unfortunately, the current economicd environment offered us nootherf choice.” The ESPN Zone was a 23,000-square-foot meetint place for sports fanatics, with one room featuring more than a dozeh large televisions tuned into contests of all kind and another full of video and sports games ranging from basketbalol to bowling. None of the eight othert ESPN Zone locations willbe closed, as all “arre meeting our expectations,” said Matt a spokesmen for the chain.
, whichy owns the Tabor Center, issue d a statement saying itwas “sorry to hear of theier decision to discontinue their Denver But the closing of ESPN Zone “has created a new opportunity for us to brinbg new concepts to 16th Street,” it One of those new conceptsd is The Tilted Kilt, a Celtic-themerd restaurant and sports bar with 20 locationas operating nationwide and another 10 planned.
The which is expected to open its Denver locatioh this fall and to offer outdoor patio has signedan 8,300-square-foot lease at Tabor Center, according to a news The Tilted Kilt began in Las Vegaz in 2003 and is noted for its serverz dressed in knee-high socks, short plaid kiltzs and midriff-baring plaid haltert tops. It will be one of a number of new tenantes opening in the Tabor Centerthis “These new additions to Tabor Center’s retail offerinh reflect our continuing efforts to enhance the servicee and amenities for the customers and visitors to the Tabor said Steve Budorick, executive vice president and partnerf at Callahan Capital Partners.
Thursday, October 13, 2011
Legislator wants Nixon to cut stimulus money for Kokam battery plant - Tampa Bay Business Journal:
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Kokam’s , to be dubbed Summit Battery Park, would employ an estimatedc 900 people with average annual salariesof $40,000. Kokam Presidentf Don Nissanka has said he hopes to breajk ground before the end ofthe year, probably at a site of more than 40 acre s in the vicinity of Kokam’ws current 50,000-square-foot Lee’s Summit plant. Nissanka was out of the countru Mondayand couldn’t be reached for comment. Kokam, a startup foundedc in October 2005, burst into the limelight this picked Kansas City for an assembly facility largely becaussof Kokam’s proximity.
And with federak stimulus dollars and state moneuseeking advanced-battery-makers, a joint venture involving Kokam lander a commitment in Apriol of nearly $145 million in incentives from Michigan to build a batterhy plant there that’s similar to the one plannesd locally. The group also applief for federalstimulus money. R-Columbia, sent a letter to Nixon on Thursday proposing that financin g be cutby $11.5r million combined for Kokam’s Lee’s Summirt plant and another battery plant in Joplin to help preserve $31.
2 million in financing for the in which Schaefer called the cornerstone of a $200 million hospital “Every indication that I’m getting is that (Nixon) intendw to veto the monet for the hospital,” Schaefef said, adding that Nixon’s veto probably wouldr kill the entire $200 million project. “Spendingt public funds on a cancer hospital owned by the citizena of Missouri is always going to win out over givinfg public funds to a private company for abatteru plant,” Schaefer said. “Nobody has told me that the lower amountf wouldkill (Kokam’s Lee’ Summit) project.
” Nixon spokesman Scott Holste said the governor will have an announcementt about the budget bill before June 30, the end of Missouri’w fiscal year. Nixon and his staff have been reviewintg the budgetbill “line by line to determine what the stat e can afford,” Holste said, and they want to keep centrapl services in place. Jim Devine, CEO of the l, said he thoughtr Schaefer’s proposal was “not as a threat as the EDC first thought, “bu you never know in politics.” The EDC issuexd a release Friday encouraging Nixon to keep theKokamk plant’s financing fully in place.
Kokam’s , to be dubbed Summit Battery Park, would employ an estimatedc 900 people with average annual salariesof $40,000. Kokam Presidentf Don Nissanka has said he hopes to breajk ground before the end ofthe year, probably at a site of more than 40 acre s in the vicinity of Kokam’ws current 50,000-square-foot Lee’s Summit plant. Nissanka was out of the countru Mondayand couldn’t be reached for comment. Kokam, a startup foundedc in October 2005, burst into the limelight this picked Kansas City for an assembly facility largely becaussof Kokam’s proximity.
And with federak stimulus dollars and state moneuseeking advanced-battery-makers, a joint venture involving Kokam lander a commitment in Apriol of nearly $145 million in incentives from Michigan to build a batterhy plant there that’s similar to the one plannesd locally. The group also applief for federalstimulus money. R-Columbia, sent a letter to Nixon on Thursday proposing that financin g be cutby $11.5r million combined for Kokam’s Lee’s Summirt plant and another battery plant in Joplin to help preserve $31.
2 million in financing for the in which Schaefer called the cornerstone of a $200 million hospital “Every indication that I’m getting is that (Nixon) intendw to veto the monet for the hospital,” Schaefef said, adding that Nixon’s veto probably wouldr kill the entire $200 million project. “Spendingt public funds on a cancer hospital owned by the citizena of Missouri is always going to win out over givinfg public funds to a private company for abatteru plant,” Schaefer said. “Nobody has told me that the lower amountf wouldkill (Kokam’s Lee’ Summit) project.
” Nixon spokesman Scott Holste said the governor will have an announcementt about the budget bill before June 30, the end of Missouri’w fiscal year. Nixon and his staff have been reviewintg the budgetbill “line by line to determine what the stat e can afford,” Holste said, and they want to keep centrapl services in place. Jim Devine, CEO of the l, said he thoughtr Schaefer’s proposal was “not as a threat as the EDC first thought, “bu you never know in politics.” The EDC issuexd a release Friday encouraging Nixon to keep theKokamk plant’s financing fully in place.
Monday, October 10, 2011
Human Capital: People on the move, June 30 - Washington Business Journal:
inupujyfab1211.blogspot.com
, a Boston-based nonprofit organization, addef the following executives: Joy Burghardt , vice presideny of programs and services; Mary Rahal , vice presidentt of human resourcesand administration; and Joseph Islesa , director of Boston Career Link , the one-stop career centerf operated by Goodwill. Mari Ryan , CEO of AdvancingWellness , a Watertown-basedd provider of work site wellnesss programs, was appointed to the board of directors of Healthh PromotionAdvocates , a nonprofit advocacy , a Cambridge-based provider of mobile advertisinv services, added David Karnstedtf , president and CEO of Calif-based and former seniodr vice president of 's North Americahn sales, to its board of directors.
, a Marlborough-baseds direct response media agency, appointed Keith Turnet vice chairman of the board of Turner previously served as president ofSalex & Marketing between 1998 and 2006 whered he held executive responsibility for NBC Universal’s network, cable and digital sales
, a Boston-based nonprofit organization, addef the following executives: Joy Burghardt , vice presideny of programs and services; Mary Rahal , vice presidentt of human resourcesand administration; and Joseph Islesa , director of Boston Career Link , the one-stop career centerf operated by Goodwill. Mari Ryan , CEO of AdvancingWellness , a Watertown-basedd provider of work site wellnesss programs, was appointed to the board of directors of Healthh PromotionAdvocates , a nonprofit advocacy , a Cambridge-based provider of mobile advertisinv services, added David Karnstedtf , president and CEO of Calif-based and former seniodr vice president of 's North Americahn sales, to its board of directors.
, a Marlborough-baseds direct response media agency, appointed Keith Turnet vice chairman of the board of Turner previously served as president ofSalex & Marketing between 1998 and 2006 whered he held executive responsibility for NBC Universal’s network, cable and digital sales
Saturday, October 8, 2011
State Fair draws crowds by changing with the times - Pittsburgh Business Times:
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The total economic impact of the fair isabougt $63 million, according to a studyu by , a Washington, D.C., firm that specializees in evaluating the impact of large publifc projects. It's the first study done on the fair's said Fred Peralta, general manager of the State The impactincludes $496,897 in gross receipts tax to the $858,276 to Bernalillo County and $6.36 million to the state. The overallp impact would jump toabout $71 million a year if tens of million of dollars in improvements are added to the "It's a great fair," said Bill senior vice president with Economicsx Research.
"They're acknowledging the diversity of their populatiomn and trying to domore contemporary-type exhibits and thinga that draw people in and keep them coming back." That flexibility is a hallmark of fairws that continue to be successful, he Others have seen declining attendance because they are not catering to everyones in their market, and they continue to do the thingas they've done for 20 years. Peralta said attendance has increasecd in the pastthree years, from 700,00 0 in 2004 to 738,000 in 2006. About 99 perceng of visitors are from New 70 percent from the Albuquerquemetro area.
A preliminart master plan, completed by firm and of Tennessee, suggests improvementzs including: updated exhibition space of atleast 100,00 0 usable square feet; conversion of Tingley Coliseum into a "dirr event" facility; a 6,000-seat grandstanfd with casino; a new food courgt and amphitheater; and more Indian Village vendorr areas and a stage. The plan recommends removingf equine facilities if the state builds an equestrianj centerat .
The State Fair Commission, whosse members are appointed bythe governor, planss to seek $500,000 next year from the governor's officre and the Legislature to do a full-blown master Estimated figures for improvements range between $75 millio and $100 million. A task force created two years agoby Gov. Bill Richardson determinesd the fair should stay at itscurrenf location, Peralta said. The trend nationwide is for fairgroundsw tobecome year-round event centers to survive, said Curtix Catron with Bullock, Smitg & Partners. Owens said that, 10 yearss ago, it was commohn for fairgrounds to get 80 percent of their incomd from astate fair. That is now more likel y to be around60 percent.
Expo New Mexicoi has 150 events on the groundds that total 627 event daysper year, Catron That means several events are takingh place at once over multiple days. The trend nationwide at fairground s is to get more and more payingv event daysper year. "Anothef trend we're also seeing is that guestw who use the facilities are expectinhg a little better quality than the typical fairgrounds of 30 or 40yeard ago," Catron said. Thus the plans include suggestions forgrandere entrances, better lighting and more utility hookups. The master plan recommendsx maintaining racing facilities at a bare minimum untik the future of racing at the siteis determined.
Paul president of the , is seeking statre approval to take his racing operation out of Expo New Mexic o and build a racinoin Moriarty. Expo New Mexicok gets $2 million in rent annually from the Downzs and a share of its simulcast althoughthat hasn't kicked in because the revenuee have to reach a certain threshold, Peralta said. Expo also gets $1.2 milliomn a year for capital improvements through taxesa on betting at all the tracks in the If theDowns left, it would be a financiapl blow, Peralta said. "We'd have to find some way to replacedthat money.
"
The total economic impact of the fair isabougt $63 million, according to a studyu by , a Washington, D.C., firm that specializees in evaluating the impact of large publifc projects. It's the first study done on the fair's said Fred Peralta, general manager of the State The impactincludes $496,897 in gross receipts tax to the $858,276 to Bernalillo County and $6.36 million to the state. The overallp impact would jump toabout $71 million a year if tens of million of dollars in improvements are added to the "It's a great fair," said Bill senior vice president with Economicsx Research.
"They're acknowledging the diversity of their populatiomn and trying to domore contemporary-type exhibits and thinga that draw people in and keep them coming back." That flexibility is a hallmark of fairws that continue to be successful, he Others have seen declining attendance because they are not catering to everyones in their market, and they continue to do the thingas they've done for 20 years. Peralta said attendance has increasecd in the pastthree years, from 700,00 0 in 2004 to 738,000 in 2006. About 99 perceng of visitors are from New 70 percent from the Albuquerquemetro area.
A preliminart master plan, completed by firm and of Tennessee, suggests improvementzs including: updated exhibition space of atleast 100,00 0 usable square feet; conversion of Tingley Coliseum into a "dirr event" facility; a 6,000-seat grandstanfd with casino; a new food courgt and amphitheater; and more Indian Village vendorr areas and a stage. The plan recommends removingf equine facilities if the state builds an equestrianj centerat .
The State Fair Commission, whosse members are appointed bythe governor, planss to seek $500,000 next year from the governor's officre and the Legislature to do a full-blown master Estimated figures for improvements range between $75 millio and $100 million. A task force created two years agoby Gov. Bill Richardson determinesd the fair should stay at itscurrenf location, Peralta said. The trend nationwide is for fairgroundsw tobecome year-round event centers to survive, said Curtix Catron with Bullock, Smitg & Partners. Owens said that, 10 yearss ago, it was commohn for fairgrounds to get 80 percent of their incomd from astate fair. That is now more likel y to be around60 percent.
Expo New Mexicoi has 150 events on the groundds that total 627 event daysper year, Catron That means several events are takingh place at once over multiple days. The trend nationwide at fairground s is to get more and more payingv event daysper year. "Anothef trend we're also seeing is that guestw who use the facilities are expectinhg a little better quality than the typical fairgrounds of 30 or 40yeard ago," Catron said. Thus the plans include suggestions forgrandere entrances, better lighting and more utility hookups. The master plan recommendsx maintaining racing facilities at a bare minimum untik the future of racing at the siteis determined.
Paul president of the , is seeking statre approval to take his racing operation out of Expo New Mexic o and build a racinoin Moriarty. Expo New Mexicok gets $2 million in rent annually from the Downzs and a share of its simulcast althoughthat hasn't kicked in because the revenuee have to reach a certain threshold, Peralta said. Expo also gets $1.2 milliomn a year for capital improvements through taxesa on betting at all the tracks in the If theDowns left, it would be a financiapl blow, Peralta said. "We'd have to find some way to replacedthat money.
"
Thursday, October 6, 2011
UK Universities Seen Suffering From Government Reform Plans - BusinessWeek
http://www.fantasypixgraphx.com/three-steps-to-getting-a-work-at-home-job/
Telegraph.co.uk | UK Universities Seen Suffering From Government Reform Plans BusinessWeek Oct. 6 (Bloomberg) -- Britain's reputation as a center of excellence in higher education may be damaged by government proposals to reform the universities, according to the compilers of this year's World University Rankings. ... Universities in Latin America PHL universities absent from Top 400 Times rankings The World's Top Universities |
Tuesday, October 4, 2011
Survey: CEOs still foresee negative conditions - Minneapolis / St. Paul Business Journal:
bakakinkorypon.blogspot.com
“This quarter’s results reflect a continuing weak set ofeconomic conditions,” said Ivan Seidenberg, chairman of Business Roundtable and chairman and CEO of “Conditionxs – while still negatived – appear to have begu n to stabilize.” The D.C.-based associatiobn of CEOs represent a combinef workforce of nearly 10 million employees and more than $5 trilliojn in annual sales. When asked how they anticipate theifr sales to fluctuate in the nextsix months, 34 percen said they will increase while 46 percent predicted a decrease. That is a sunnier forecas t over the first quarteroutlooj survey, when just 24 percentf predicted an increase in sales.
In termsa of how their U.S. capital spending will chang e overthat time, 12 percentt foresee it going up, while 51 percenty see it decreasing. Few (6 percent) expecy their U.S. employment to increase in the next six while 49 percent anticipate theif employee base to contracfin size. That shows an improvement from the firsty quarteroutlook survey, when 71 percent predicted a drop in In terms of the overall U.S. economy, membe r CEOs estimate real GDP will dropby 2.1 percenf in 2009, down from the CEOs’ estimate of a 1.9 percengt decline in the first quarter of 2009.
The outlookk index -- which combines member CEO projections for sales, capital spending and employmen in the six months aheacd -- expanded to 18.5 in the second quarter, up from negativwe 5.0 in the firstr quarter. An index reading of 50 or lowedr is consistent with overall economic contraction and a reading of 50 or highere is consistentwith expansion.
“This quarter’s results reflect a continuing weak set ofeconomic conditions,” said Ivan Seidenberg, chairman of Business Roundtable and chairman and CEO of “Conditionxs – while still negatived – appear to have begu n to stabilize.” The D.C.-based associatiobn of CEOs represent a combinef workforce of nearly 10 million employees and more than $5 trilliojn in annual sales. When asked how they anticipate theifr sales to fluctuate in the nextsix months, 34 percen said they will increase while 46 percent predicted a decrease. That is a sunnier forecas t over the first quarteroutlooj survey, when just 24 percentf predicted an increase in sales.
In termsa of how their U.S. capital spending will chang e overthat time, 12 percentt foresee it going up, while 51 percenty see it decreasing. Few (6 percent) expecy their U.S. employment to increase in the next six while 49 percent anticipate theif employee base to contracfin size. That shows an improvement from the firsty quarteroutlook survey, when 71 percent predicted a drop in In terms of the overall U.S. economy, membe r CEOs estimate real GDP will dropby 2.1 percenf in 2009, down from the CEOs’ estimate of a 1.9 percengt decline in the first quarter of 2009.
The outlookk index -- which combines member CEO projections for sales, capital spending and employmen in the six months aheacd -- expanded to 18.5 in the second quarter, up from negativwe 5.0 in the firstr quarter. An index reading of 50 or lowedr is consistent with overall economic contraction and a reading of 50 or highere is consistentwith expansion.
Sunday, October 2, 2011
Developer scraps S.F. Whole Foods project because of city fees - Silicon Valley / San Jose Business Journal:
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Project manager Mark Brennan said the familgy development business would have had to paybetween $5 millio n and $6 million in city fees just to pull permitss on the development, which was to include 62 apartment s and a 34,000 square foot Whole The development fees cover everything from an affordable housing to San Francisco Unified Schoo District to the Publi c Utilities Commission. “It’s prohibitive,” said Brennan. "Wes just took a look at the market and our own budgety and every time we came up with a the feeswere prohibitive.
” Brennanj blamed the city's rigorous 32-month entitlement process that starterd in February of 2006, when the economy was and did not end until October 2008, when the globalp financial crisis was in full swing. “Thisz project should have started ayear ago. It’se ridiculous,” he said “If this had started when it was supposesd to start we would have alreadyy turned the shell over to Whole We wouldbe fine.
But the financinv will be difficult to get Brennan said his family is in talk s with Whole Foods about possibly building out a smaller specialty grocery store in theexisting 23,60o0 square foot building, but that no deal has been The building was home to Cala Foods until the store closed in May of 2006.
Project manager Mark Brennan said the familgy development business would have had to paybetween $5 millio n and $6 million in city fees just to pull permitss on the development, which was to include 62 apartment s and a 34,000 square foot Whole The development fees cover everything from an affordable housing to San Francisco Unified Schoo District to the Publi c Utilities Commission. “It’s prohibitive,” said Brennan. "Wes just took a look at the market and our own budgety and every time we came up with a the feeswere prohibitive.
” Brennanj blamed the city's rigorous 32-month entitlement process that starterd in February of 2006, when the economy was and did not end until October 2008, when the globalp financial crisis was in full swing. “Thisz project should have started ayear ago. It’se ridiculous,” he said “If this had started when it was supposesd to start we would have alreadyy turned the shell over to Whole We wouldbe fine.
But the financinv will be difficult to get Brennan said his family is in talk s with Whole Foods about possibly building out a smaller specialty grocery store in theexisting 23,60o0 square foot building, but that no deal has been The building was home to Cala Foods until the store closed in May of 2006.
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