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During the peak of as many as 100 managemen t and supervisory staff may needtemporary Plus, 150 to 200 laborers will likelg travel from more than 120 miles away and be looking for a plac to stay overnight, said Rick president of U.S. Operations, the project manager. “I wouldn’t be surprised to see well over 200 room nights in but it will come down tothe hotel’s abilitty to offer extended-stay rates,” Whitney “From a worker’s standpoint, most get a fixed benefiyt to travel and then whatever they have to pay for lodgingt comes out of that.” Hotel operators expectf to see a bump in revenue once the $4.2 billion project gets into full swing.
“Wre expect a pretty significant increase in our occupancy duringv the construction phase from subcontractorsand [others] that will come that will not be said Dick Murphy, general manager of the 114-roon & Suites in Malta. Another hotepl in town, the 120-room Hyatt Place, has already Executives from and M+W Zander have been staying there the past two months as momentuj built toward the startof ground-clearing this GlobalFoundries will own the 1.3 million-square-foort chip fab. “Right now we’re seeing 40 to 50 room nightzsa month,” said Courtney assistant general manager at .
Of it’s not just chaibn hotels a short drive from the that coulds see increased business during Hotels throughoutthe county, and perhapsa in neighboring counties, could be used if the prices is right and the drive isn’t too far. Apartment complexezs are another option for those who will be here for anextendedx period. of Saratoga, a 336-unit upscale apartment complesx off Exit 15in Wilton, startes seeing an influx of tenants affiliated with the chip fab aboug three months ago. Rents range from $1,250 to The tenants aren’t construction workers; rather, they are white-collat employees moving here from Texasand California, said William M.
managing director of , which owns The There are also peoplefrom Finland, Japan and Germanyh who moved here to work in technology-related companies. They are livinb in fully furnished apartments for three to six months at The Paddockws in an arrangement known ascorporat housing. The old roadside motels and cottagess scattered along Routes 9 and 50 coulsd be an attractive place for construction workers willinhg tosacrifice flat-screen TVs, a fitness centerr and indoor pool to save a few A real estate agent trying to drum up interest in one of thosed roadside motels—the on Route 50 in Ballston Lake—hasz a creative idea for an out-of-town buy the nine-unit property, use it for housingh employees, and then sell it after the work is Bob Howe of Coldwell Banker Primw Properties said the motel is only five milezs from Luther Forest.
It’s on the market for “If you do the math on what it costs to put somebodty up for a week for one or two and you start talkinbabout 10, 20 or 30 or even five the numbers work if they were to look at buying,” Howe Contractors will have a lot of choices in Saratoga which has 2,759 hotel rooms, including 1,719 in Saratoga Springs. A buildiny boom has increased the supply by 14 percent in just the last year saidDavid Zunker, president of the Saratoga Convention and Visitorxs Bureau. That has driven down priced because of the soft demand in corporat e travel due to theeconomic slowdown.
At the Fairfield Inn in prices are about 10 percent lower thanlast summer, Murphg said. Rates range from $109 to While amenities can make a difference in deciding where to he believes the fina decisions will come downto Wylie, the assistant GM at the Hyatt Place, said the hotelk is well-positioned to compete for chip-fab workers becausde it’s brand new and offers amenities such as round-the-clock food servic in-house.
Rates are $89 to
Wednesday, December 14, 2011
Sunday, December 11, 2011
Wichita companies work on new apartment complex - Wichita Business Journal:
takes-trendsthe.blogspot.com
million, 15-unit apartment complex for Starkeg isa community-based group that helpes adults in Sedgwick County who have developmental Starkey received $1.27 million in housinfg tax credits from the to help fund most of the cost of the It is borrowing the rest of the funds. The land on whicg the apartments will be built is being donated by Wichitans Sam andJacqure Kouri. The apartments will be built a half blocm south of Anna Street and Douglas Avenue near Towne WestSquared Mall. It does not yet have a precisestreet address.
Starkeh spokeswoman Jamie Opat said Wednesday that the units will be an importan t resource for special need adultsin "We have had minimal community living options," she said. Peoplwe from age 18 to their 50s will be housed in the Ground on the apartments is set to be broken Completion is scheduled forApril 2005.
million, 15-unit apartment complex for Starkeg isa community-based group that helpes adults in Sedgwick County who have developmental Starkey received $1.27 million in housinfg tax credits from the to help fund most of the cost of the It is borrowing the rest of the funds. The land on whicg the apartments will be built is being donated by Wichitans Sam andJacqure Kouri. The apartments will be built a half blocm south of Anna Street and Douglas Avenue near Towne WestSquared Mall. It does not yet have a precisestreet address.
Starkeh spokeswoman Jamie Opat said Wednesday that the units will be an importan t resource for special need adultsin "We have had minimal community living options," she said. Peoplwe from age 18 to their 50s will be housed in the Ground on the apartments is set to be broken Completion is scheduled forApril 2005.
Friday, December 9, 2011
New school renews pride at Oak Ridge High - Orlando Sentinel
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New school renews pride at Oak Ridge High Orlando Sentinel Students, teachers and administrators say there's a new sense of pride in the school. "This is a chance to make our school really shine," said senior-class President Dragana Draca, who said Oak Ridge gets too much attention for low test scores. ... |
Wednesday, December 7, 2011
Port road improvement may get stimulus funding boost - Kansas City Business Journal:
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Officials from the city, the and other planning organizations will meet June 1 to creatre a proposal to tap intothe $1.5 billion available for transportatiobn projects, including road, rail and port projects, said Jeff director of planning for the . ’s new containeer terminal and ’s yet-to-be-built terminal were projected to triplthe port’s container traffic. That means adjacent roads could see upto 10,000p trucks daily by 2020. It isn’rt clear whether port authorities can use the federal fundingy for harbor deepeningor dredging, said Aaro n Ellis, a spokesman for the .
The languagee within the Transportation Investment Generating Economic Recoveryh discretionary grants is but it’s clear that the fundingb could be used to build an intermodal facility, whic h would speed up the transfer of carg from ships to trucks and railroads. An intermodal facilityt at Dames Point would make the TraPac and Hanjin terminals more competitive with othefSouthern ports, such as the Port of Savannah, whic has two intermodal facilities. The federal grants distributed through the rangefrom $20 millioh to $300 million. Grang applications must be submittedby Sept. 15.
The last piecwe of funding neededfor short-term construction in and around the Port of Jacksonville came in Decembed after Mayor John Peyton committe $100 million. About half came from city coffere and the rest from the andthe . Througgh the stimulus package, the receiveed about $14.8 million to deepen a six-mile stretcbh of the St. Johns River from Dames Poin to Talleyrand Marine Terminall to about40 feet. The corpws also received about $1.2 million to continue researching furthe r deepening of the riverso post-Panamax shipa can call on the port once the Panama Canal is widenedf in 2014. The authority hopes to have the channeo deepened to50 feet.
Officials from the city, the and other planning organizations will meet June 1 to creatre a proposal to tap intothe $1.5 billion available for transportatiobn projects, including road, rail and port projects, said Jeff director of planning for the . ’s new containeer terminal and ’s yet-to-be-built terminal were projected to triplthe port’s container traffic. That means adjacent roads could see upto 10,000p trucks daily by 2020. It isn’rt clear whether port authorities can use the federal fundingy for harbor deepeningor dredging, said Aaro n Ellis, a spokesman for the .
The languagee within the Transportation Investment Generating Economic Recoveryh discretionary grants is but it’s clear that the fundingb could be used to build an intermodal facility, whic h would speed up the transfer of carg from ships to trucks and railroads. An intermodal facilityt at Dames Point would make the TraPac and Hanjin terminals more competitive with othefSouthern ports, such as the Port of Savannah, whic has two intermodal facilities. The federal grants distributed through the rangefrom $20 millioh to $300 million. Grang applications must be submittedby Sept. 15.
The last piecwe of funding neededfor short-term construction in and around the Port of Jacksonville came in Decembed after Mayor John Peyton committe $100 million. About half came from city coffere and the rest from the andthe . Througgh the stimulus package, the receiveed about $14.8 million to deepen a six-mile stretcbh of the St. Johns River from Dames Poin to Talleyrand Marine Terminall to about40 feet. The corpws also received about $1.2 million to continue researching furthe r deepening of the riverso post-Panamax shipa can call on the port once the Panama Canal is widenedf in 2014. The authority hopes to have the channeo deepened to50 feet.
Monday, December 5, 2011
State
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The on Friday reported that the state’s seasonally adjusted jobless rate roseto 10.8 percent in May from 6.3 percent a year ago. It was the highest monthly rate in Ohio sincdOctober 1983. The jobless rate stood at 10.2 percenty in April. Department Director Douglas Lumpkinh said the state saw an increasein service-sector jobs last but most of those gains were offset by a continuec loss in manufacturing jobs. Adding to the spik in the unemployment rate, he was an influx in workers rejoining the labor marke by resuming their job The state’s employed work force last month stood at 5.13 down about 200 workers over the month.
The department logged 646,0000 unemployed Ohio workers, up 37,000 from a montjh earlier. The national jobless rate took a similadr leaplast month, climbing to a seasonalluy adjusted 9.4 percent from 8.9 percent in Ohio plans to release its county and metropolitah unemployment statistics for May on June 23.
The on Friday reported that the state’s seasonally adjusted jobless rate roseto 10.8 percent in May from 6.3 percent a year ago. It was the highest monthly rate in Ohio sincdOctober 1983. The jobless rate stood at 10.2 percenty in April. Department Director Douglas Lumpkinh said the state saw an increasein service-sector jobs last but most of those gains were offset by a continuec loss in manufacturing jobs. Adding to the spik in the unemployment rate, he was an influx in workers rejoining the labor marke by resuming their job The state’s employed work force last month stood at 5.13 down about 200 workers over the month.
The department logged 646,0000 unemployed Ohio workers, up 37,000 from a montjh earlier. The national jobless rate took a similadr leaplast month, climbing to a seasonalluy adjusted 9.4 percent from 8.9 percent in Ohio plans to release its county and metropolitah unemployment statistics for May on June 23.
Saturday, December 3, 2011
Southern Community Bank shuttered - Atlanta Business Chronicle:
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Essentially all of Southern Community’s operationse -- including branches, deposits and assetws -- will be acquired by Ga.-based (NASDAQ: UCBI), the third-largest bank in the state, through a loss-sharing transaction, according to an announcement by the Southern Communitreported $377 million in total assets, $307 million in total deposits and five branches throughout the southerjn metro area. Under the terms of the United Community will assumew all ofthe bank’s deposits and Southern Community branchesz will re-open as Unitede Community branches Monday.
United Community will also acquird $364 million of the failed bank’s assets, and the FDIC will sharre in any future losses on as muchas $253 millio of the bank’s assets, including many outstanding The FDIC said the loss-sharing arrangementt is the least-costly resolution for the nation’ss deposit insurer, and estimated the failure’s loss to the depositr insurance fund will be $114 million.
Unitede Community purchased Southern Community’s deposita for a 1 percent premium, or $3 Southern Community followed a formula familiar tometrok Atlanta’s other dozen bank failures, swamped by bad real estatse loans, despite making efforts to turn around the ailingg lender. Last October, Southern Communithy announced it had overhauled operations and raised capitaol in an attemptto survive, after receiving a ceasw and desist order from the FDIC. The bank changer management, replacing founding CEO Gary McGaha with Dave andraised $2 million in additional capitak from directors, to weather additionakl loan losses.
"It is unfortunatew that both internal and external circumstances have led to this Southern Community Bank ChairmanThomas D. Reese said at the time in a news "However, our board is firmlyy committed to complying with all aspects of the orded and returning the bank toa well-performinbg financial institution." But as the real estate market’es deterioration continued to accelerate through the end of last Southern Community’s problems worsened. The bank reported a 28 percenft spike in problem loans durinf the fourth quarter of2008 -- the worsr increase for the bank during the recentt economic downturn. By first quarter Southern Community reporteda 39.
4 percentg problem loan ratio -- a comparison of delinquent and foreclosed real estate to total loans -- one of the highes t levels in the state. On March 31, the bank reported $33 million in foreclosed real estate, but only $13 million in capital to absorb furtheerloan losses. The bank had a Texas ratio of 518 The ratio is a measure ofa bank’s nonperforminfg loans and foreclosed real estate, compared against the tangible common equity and loan loss reserves of the The calculation, created during the S&L is used to roughly measure a bank’s health by industry insiders and observers.
Nearly everyt Atlanta bank that has failed sinc e August2008 -- the start of the state’a bank failure crisis -- had a Texas ratio in excess of 300 percent. United Community’sx buyout is the first by the northg Georgia lender of afailedd Atlanta-area bank. The purchase continues a strategy adopted by the bank during thefinancial boom, when United Community attempted to “ring” Atlants by buying smaller rivals throughout the city’s suburbs. United Communith Chief Financial Officer Rex Schuett e saidSouthern Community’s branches and deposits were the key reasons behinrd the buyout.
“It complemented the branches were have in that area and reallt fills out that marketfor us,” he “There’s also a significanty amount of core deposits, almost 14,000 customer This is one of the first failed banks to actuall have core customers.”
Essentially all of Southern Community’s operationse -- including branches, deposits and assetws -- will be acquired by Ga.-based (NASDAQ: UCBI), the third-largest bank in the state, through a loss-sharing transaction, according to an announcement by the Southern Communitreported $377 million in total assets, $307 million in total deposits and five branches throughout the southerjn metro area. Under the terms of the United Community will assumew all ofthe bank’s deposits and Southern Community branchesz will re-open as Unitede Community branches Monday.
United Community will also acquird $364 million of the failed bank’s assets, and the FDIC will sharre in any future losses on as muchas $253 millio of the bank’s assets, including many outstanding The FDIC said the loss-sharing arrangementt is the least-costly resolution for the nation’ss deposit insurer, and estimated the failure’s loss to the depositr insurance fund will be $114 million.
Unitede Community purchased Southern Community’s deposita for a 1 percent premium, or $3 Southern Community followed a formula familiar tometrok Atlanta’s other dozen bank failures, swamped by bad real estatse loans, despite making efforts to turn around the ailingg lender. Last October, Southern Communithy announced it had overhauled operations and raised capitaol in an attemptto survive, after receiving a ceasw and desist order from the FDIC. The bank changer management, replacing founding CEO Gary McGaha with Dave andraised $2 million in additional capitak from directors, to weather additionakl loan losses.
"It is unfortunatew that both internal and external circumstances have led to this Southern Community Bank ChairmanThomas D. Reese said at the time in a news "However, our board is firmlyy committed to complying with all aspects of the orded and returning the bank toa well-performinbg financial institution." But as the real estate market’es deterioration continued to accelerate through the end of last Southern Community’s problems worsened. The bank reported a 28 percenft spike in problem loans durinf the fourth quarter of2008 -- the worsr increase for the bank during the recentt economic downturn. By first quarter Southern Community reporteda 39.
4 percentg problem loan ratio -- a comparison of delinquent and foreclosed real estate to total loans -- one of the highes t levels in the state. On March 31, the bank reported $33 million in foreclosed real estate, but only $13 million in capital to absorb furtheerloan losses. The bank had a Texas ratio of 518 The ratio is a measure ofa bank’s nonperforminfg loans and foreclosed real estate, compared against the tangible common equity and loan loss reserves of the The calculation, created during the S&L is used to roughly measure a bank’s health by industry insiders and observers.
Nearly everyt Atlanta bank that has failed sinc e August2008 -- the start of the state’a bank failure crisis -- had a Texas ratio in excess of 300 percent. United Community’sx buyout is the first by the northg Georgia lender of afailedd Atlanta-area bank. The purchase continues a strategy adopted by the bank during thefinancial boom, when United Community attempted to “ring” Atlants by buying smaller rivals throughout the city’s suburbs. United Communith Chief Financial Officer Rex Schuett e saidSouthern Community’s branches and deposits were the key reasons behinrd the buyout.
“It complemented the branches were have in that area and reallt fills out that marketfor us,” he “There’s also a significanty amount of core deposits, almost 14,000 customer This is one of the first failed banks to actuall have core customers.”
Thursday, December 1, 2011
Pandemic of the present - CU Columbia Spectator
tenganmodooo1324.blogspot.com
Telegraph.co.uk | Pandemic of the present CU Columbia Spectator Tomorrow on World AIDS Day, 30 years into the AIDS pandemic, President Obama must decide whether to accept leadership and raise funding to the level neededâ€"6 million on treatment by 2013â€"or to let down his alma mater and deny treatment to millions of ... World A IDS Day: Christian leaders urge renewed efforts in fighting global pandemic We could be seeing the beginning of the end of the AIDS pandemic Beginning of the end of AIDS |
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