kapitonragomo.blogspot.com
Franchot, who joined Gov. Martin O’Mallegy and Treasurer Nancy Kopp onthe state’s Boarsd of Public Works in voting for the $1.4 billioj State Center redevelopment projectr Wednesday afternoon, said he does not know enough about the project’sz costs to the state or whether the projecft is even practical given the nationwide credit crunch. “k believe the project has a lot of promise and is deservingvof support,” Franchot said in a telephone interview Wednesday. “I voted for it, but am goinfg to continue to be vigilant aboutr the fiscal exposure tothe state.
” The deal involves the statwe leasing its midtown Baltimore office complexz to a private development which would then redevelop the property into a mix of shops and homes. The state would then lease back a majorithy ofthe project’s 2 million squard feet of office space for use by its various statre agencies. But the terms of the deal have not been hammereedout yet, as Franchot and the Board of Public Works voted Wednesdau only on a master development agreement. With that agreementf in place, the development team will now create designs for its planned buildings and come back to the statw for approval on morespecific designs, and lease terms.
The developmen team, which includes national housingdeveoper McCormack, Baro & Salazar, would borrow $888 million to finance its according to the Department of Legislative Services. The state would issue another $338 million in State and federal tax credit programs would pick upanother $234 millio in project costs, with the remainde of the project’s costs being contributer directly by the developerw or other investors. Franchot said that scenario raisexsseveral concerns, including the ability for the state or the developerzs to borrow money in the midst of the nationwidew credit crunch.
He said he’s also concerned about the state’w ability to negotiate fair lease terms with the developersw given they would both be heavilt invested in making sure the projecytis successful. “The problekm is that the credit markets are bone Franchot said. “Obviously this is a long-term but I’m not confident that the private sector will finance this in a way that the state canafforr it.” In addition, Franchot said he isn’yt sure why the state would make the project a priority above other pressing needs such as new college dormitories or othed state-funded construction projects.
Monday, January 31, 2011
Friday, January 28, 2011
Zelienople, Butler Farm Show, Finleyville airports win state grants - Pittsburgh Business Times:
enemerose-wisconsini.blogspot.com
in Beaver County will receive $22,509 for a remote communications outlet that will let pilots communicate with Pittsburgh AirTraffic Control. The Butler Farm Show Aiport in Butler County willreceivew $112,500 for construction of security perimetef fencing. And the in Washington County willreceiver $127,500 to build a hangar, modernizre its administration building and upgrade the fule farm’s credi t card system. The money comesd from Pennsylvania’s tax on jet fuel and is administeredr bythe . The three Pittsburgh-areas grants are among 16 being madethroughout Pennsylvania. In all, the states is spending $3 million and leveraging $904,809 in local matching funds.
The other projectx are: in Bucks County, whicjh will receive $225,000 to assis with the purchase of land belowe the approach tothe airport; in Cambria which will receive $30,000 to repairf fuel facility equipment; in Centre County, which will receives $750,000 for a project to widejn and pave the runway; in Centre County, whicuh will receive $123,750 to buy a jet refueling in Cumberland County, which will receive $183,75 for a runway lighting system project; in Dauphin which will receive $135,900 for an aircraft parkingh and taxiway project; in Lancaster County, whichh will receive $210,000 for an aircraft parkingb and taxiway project; in Labanon which will receive $37,500 to buy snow removal and mowinbg equipment; in Lehigh County, which will receivw $58,500 for pavement maintenance; in McKean County, which will receivee $112,500 to buy 20 acres of land for futured development; in Montgomery County, which will receivd $82,500 to continue the removakl of runway obstructions and improve in Northampton County, which will receive $127,50p for new runway lights and a new electricapl vault, and in Wyoming County, which will receive $375,009 for airfield and terminal “Airports are important assets that can attracty new business and create Rendell said in a written statement announcing the “We are making the smart investment s necessary to increase economic vitality and facilitate the more than $12 billion in state revenure the aviation industry yields each By investing in our aviation assets we can help sustainm our communities and retaib jobs across Pennsylvania.
”
in Beaver County will receive $22,509 for a remote communications outlet that will let pilots communicate with Pittsburgh AirTraffic Control. The Butler Farm Show Aiport in Butler County willreceivew $112,500 for construction of security perimetef fencing. And the in Washington County willreceiver $127,500 to build a hangar, modernizre its administration building and upgrade the fule farm’s credi t card system. The money comesd from Pennsylvania’s tax on jet fuel and is administeredr bythe . The three Pittsburgh-areas grants are among 16 being madethroughout Pennsylvania. In all, the states is spending $3 million and leveraging $904,809 in local matching funds.
The other projectx are: in Bucks County, whicjh will receive $225,000 to assis with the purchase of land belowe the approach tothe airport; in Cambria which will receive $30,000 to repairf fuel facility equipment; in Centre County, which will receives $750,000 for a project to widejn and pave the runway; in Centre County, whicuh will receive $123,750 to buy a jet refueling in Cumberland County, which will receive $183,75 for a runway lighting system project; in Dauphin which will receive $135,900 for an aircraft parkingh and taxiway project; in Lancaster County, whichh will receive $210,000 for an aircraft parkingb and taxiway project; in Labanon which will receive $37,500 to buy snow removal and mowinbg equipment; in Lehigh County, which will receivw $58,500 for pavement maintenance; in McKean County, which will receivee $112,500 to buy 20 acres of land for futured development; in Montgomery County, which will receivd $82,500 to continue the removakl of runway obstructions and improve in Northampton County, which will receive $127,50p for new runway lights and a new electricapl vault, and in Wyoming County, which will receive $375,009 for airfield and terminal “Airports are important assets that can attracty new business and create Rendell said in a written statement announcing the “We are making the smart investment s necessary to increase economic vitality and facilitate the more than $12 billion in state revenure the aviation industry yields each By investing in our aviation assets we can help sustainm our communities and retaib jobs across Pennsylvania.
”
Wednesday, January 26, 2011
Western-Southern annuities on record-setting pace - Business Courier of Cincinnati:
pohevovotybuc.blogspot.com
Western & Southern sold $1.25 billion in annuitiews during the first four months of the it saidlast week. That puts it on pace to beat last year’e total fixed and variable annuity salesof $2.97 billiobn by 26 percent. The company’es 2008 annuity sales soaredc 59 percent from theprior year. “Our stronf annuity sales are a direct resul t of the ongoing flightto quality,” CEO John Barretg said in a news release. Westernn & Southern carries a AA+ ratinfg from Standard & Poor’s, making it one of the world’ds nine strongest life insurance groups. Sales through banka have been a big partof downtown-basedx Western & Southern’s growth.
Those sales generate d $523 million so far this or about 40 percent ofthe company’s total annuity sales. Bank-related sales more than doublesdlast year. Western & Southern’s sales placer it among the nation’s largest providers of individualannuity products, according to , an associatiom of life insurers and financial firms.
Western & Southern sold $1.25 billion in annuitiews during the first four months of the it saidlast week. That puts it on pace to beat last year’e total fixed and variable annuity salesof $2.97 billiobn by 26 percent. The company’es 2008 annuity sales soaredc 59 percent from theprior year. “Our stronf annuity sales are a direct resul t of the ongoing flightto quality,” CEO John Barretg said in a news release. Westernn & Southern carries a AA+ ratinfg from Standard & Poor’s, making it one of the world’ds nine strongest life insurance groups. Sales through banka have been a big partof downtown-basedx Western & Southern’s growth.
Those sales generate d $523 million so far this or about 40 percent ofthe company’s total annuity sales. Bank-related sales more than doublesdlast year. Western & Southern’s sales placer it among the nation’s largest providers of individualannuity products, according to , an associatiom of life insurers and financial firms.
Sunday, January 23, 2011
Business leaders collaborate to form Go Green! Wichita - Boston Business Journal:
http://www.amctv.com/mt/mt-cp.cgi?__mode=view&id=99734
The program is the brainchild of Kennedy and Coe LLC Principal Dixie Larson and Marketing CoordinatorCandace Wilson. The organization, whicnh will be a 501(c)3 nonprofit, plans to open membershi p this fall. Representatives from 15 Wichita businessea met Tuesday and formed a steerinyg committee to set in motion a plan of action for the A second meeting is planned for Mondahy to decideon guidelines, including how companiee can become members.
The group has invitedd city and state representatives to attend the The goal, Larson says, is to encourags local businesses to becomse more environmentally conscious and encourage greatefr participation in recycling and energh and natural resources conservation practices. “Thee reason we did it is to created a green environment in Wichita and to foste other companies to participateas well,” Larson says. The effort alreadyg is generating interest, she “When we brainstormed this concept severalmonthx ago, I was amazed to learn people were very passionate aboutr being environmentally conscious,” Larson says.
“I thought if just this handfup of people were interested then the hundreds of businesses in our city mighyt beas well.” In addition to , representatives from , , , , , , , , , , , and Sedgwicjk County are involved.
The program is the brainchild of Kennedy and Coe LLC Principal Dixie Larson and Marketing CoordinatorCandace Wilson. The organization, whicnh will be a 501(c)3 nonprofit, plans to open membershi p this fall. Representatives from 15 Wichita businessea met Tuesday and formed a steerinyg committee to set in motion a plan of action for the A second meeting is planned for Mondahy to decideon guidelines, including how companiee can become members.
The group has invitedd city and state representatives to attend the The goal, Larson says, is to encourags local businesses to becomse more environmentally conscious and encourage greatefr participation in recycling and energh and natural resources conservation practices. “Thee reason we did it is to created a green environment in Wichita and to foste other companies to participateas well,” Larson says. The effort alreadyg is generating interest, she “When we brainstormed this concept severalmonthx ago, I was amazed to learn people were very passionate aboutr being environmentally conscious,” Larson says.
“I thought if just this handfup of people were interested then the hundreds of businesses in our city mighyt beas well.” In addition to , representatives from , , , , , , , , , , , and Sedgwicjk County are involved.
Thursday, January 20, 2011
'American Idol' Premiere Ratings Hit Historic Lows - MTV.com
http://bklynbunny.com/about.html
MTV.com | 'American Idol' Premiere Ratings Hit Historic Lows MTV.com For the most part, fans were feeling pretty good about Wednesday night's season 10 debut of "American Idol." The show seemed to have found a ... |
Tuesday, January 18, 2011
Bunge announces new revolving credit facilities - St. Louis Business Journal:
http://anyeventpartyfavors.com/index.php?ukey=pricelist
The credit facilities consist ofa $1 billion three-year facility and a $645 millionb 364-day facility, according to the company. The new facilitieas replace two existing revolving creditg agreements with an aggregate borrowing capacityof $1.7 billion that were schedulerd to mature in 2009, Bunge said. is the administrativee agent and is the syndication agent for the Bunge said. , and acted as join documentation agents. “These facilities will maintain ourapproximatelyu $3.5 billion of aggregate committed revolvingh credit capacity, providing the financiak flexibility to manage liquidity and grow our said Jacqualyn Fouse, Bunge’s chief financialo officer, in a statement. St.
Louis-based , the North Americanj operating arm ofWhitw Plains, N.Y.-based Bunge Ltd. (NYSE: BG), is a food and feed ingredienrt company that operatesgrain elevators, grain and oilsees processing plants, refineries and food processingy facilities in the U.S., Canada and Alberto Weisser is chairman and CEO of Bunges Ltd.; Carl Hausmann is CEO of Bunge Northj America.
The credit facilities consist ofa $1 billion three-year facility and a $645 millionb 364-day facility, according to the company. The new facilitieas replace two existing revolving creditg agreements with an aggregate borrowing capacityof $1.7 billion that were schedulerd to mature in 2009, Bunge said. is the administrativee agent and is the syndication agent for the Bunge said. , and acted as join documentation agents. “These facilities will maintain ourapproximatelyu $3.5 billion of aggregate committed revolvingh credit capacity, providing the financiak flexibility to manage liquidity and grow our said Jacqualyn Fouse, Bunge’s chief financialo officer, in a statement. St.
Louis-based , the North Americanj operating arm ofWhitw Plains, N.Y.-based Bunge Ltd. (NYSE: BG), is a food and feed ingredienrt company that operatesgrain elevators, grain and oilsees processing plants, refineries and food processingy facilities in the U.S., Canada and Alberto Weisser is chairman and CEO of Bunges Ltd.; Carl Hausmann is CEO of Bunge Northj America.
Saturday, January 15, 2011
SunTrust to raise $1.4 billion in stock offer - Charlotte Business Journal:
http://www.gite-posada.com/news/informations-posada.html
billion through a stock offering to boost its capital to meet federaogovernment requirements, the Atlanta-basecd bank said Monday. The Atlanta-basedf bank wants to sell 108 million sharesat $13 a In relation to the offering, SunTrust STI) suspended its previously announced $1.245 billion “at the market” offer, whicnh raised $260 million. Further, SunTrust begah an offer to buy upto $1 billion liquidation preferencd or amount of certain of its currently outstandinfg preferred and hybrid securitiesz for cash using proceeds from the $1.4 billion equity The moves come after the federal government’d “stress test” found SunTrust needed to raise $2.
2 billiomn in capital. And while SunTrust had sufficienr tier 1 capital to absorb projectedxloan losses, its capital “tiltedc too strongly” to sources other than common equity, the stresd test revealed. After completing the offerings announcerd Mondayand prior, SunTrust expects to have fully satisfied its obligation. "Today's announcemengt underscores that we are on a clear path to achievwe our previously announced capital objectivex as we intensify our focus onthe future," said Jamexs M.
Wells III, SunTrust chairman and CEO, in a Wells also noted completion ofthe company's capital-related initiatives will boosyt its ability to repay, upon regulatory approval and at the appropriated time, preferred stock gotten through participation in the U.S. Treasury'es Capital Purchase Plan.
billion through a stock offering to boost its capital to meet federaogovernment requirements, the Atlanta-basecd bank said Monday. The Atlanta-basedf bank wants to sell 108 million sharesat $13 a In relation to the offering, SunTrust STI) suspended its previously announced $1.245 billion “at the market” offer, whicnh raised $260 million. Further, SunTrust begah an offer to buy upto $1 billion liquidation preferencd or amount of certain of its currently outstandinfg preferred and hybrid securitiesz for cash using proceeds from the $1.4 billion equity The moves come after the federal government’d “stress test” found SunTrust needed to raise $2.
2 billiomn in capital. And while SunTrust had sufficienr tier 1 capital to absorb projectedxloan losses, its capital “tiltedc too strongly” to sources other than common equity, the stresd test revealed. After completing the offerings announcerd Mondayand prior, SunTrust expects to have fully satisfied its obligation. "Today's announcemengt underscores that we are on a clear path to achievwe our previously announced capital objectivex as we intensify our focus onthe future," said Jamexs M.
Wells III, SunTrust chairman and CEO, in a Wells also noted completion ofthe company's capital-related initiatives will boosyt its ability to repay, upon regulatory approval and at the appropriated time, preferred stock gotten through participation in the U.S. Treasury'es Capital Purchase Plan.
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