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Franchot, who joined Gov. Martin O’Malley and Treasurefr Nancy Kopp onthe state’s Board of Publiv Works in voting for the $1.4 billio State Center redevelopment project Wednesday afternoon, said he does not know enoughj about the project’s costs to the state or whethert the project is even practical given the nationwide creditr crunch. “I believe the project has a lot of promisr and is deserving of Franchot said in a telephoneinterview “I voted for it, but am goingh to continue to be vigilant abouyt the fiscal exposure to the state.
” The deal involves the statse leasing its midtown Baltimore office complex to a private developmeng team, which would then redevelop the property into a mix of shops and homes. The state would then lease back a majority ofthe project’s 2 million square feet of office space for use by its varioud state agencies. But the terms of the deal have not been hammerexout yet, as Franchot and the Boarr of Public Works voted Wednesday only on a mastert development agreement.
With that agreement in place, the developmenrt team will now create designs for its planned buildingsz and come back to the state for approval on morespecifixc designs, costs, and lease The development team, which includes nationao housing deveoper McCormack, Baron & would borrow $888 million to financw its work, according to the Departmeny of Legislative Services. The stater would issue another $338 millionj in debt. State and federal tax credit programx would pick upanother $234 million in project with the remainder of the project’s costse being contributed directly by the developers or othe r investors.
Franchot said that scenario raisesseveral concerns, including the ability for the stater or the developers to borrow monet in the midst of the nationwidw credit crunch. He said he’s also concerned abouf the state’s ability to negotiats fair lease terms with the developers givenm they would both be heavily investef in making sure the projecfis successful. “The problem is that the credit marketxs arebone dry,” Franchot said. “Obviously this is a long-terj project, but I’m not confident that the privat sector will finance this in a way that the state canaffordd it.
” In addition, Franchort said he isn’t sure why the state woul make the project a priority above other pressing needse such as new college dormitories or other state-funderd construction projects.
Wednesday, February 29, 2012
Monday, February 27, 2012
DynCorp lands $915M aviation contract - Charlotte Business Journal:
http://rusinventor.com/p-275.html
Falls Church-based DynCorp (NYSE: DCP) will providee the Department of Statd with aviation and aviation support service in Iraq under the terms of the deal which has one base year andfour one-yeadr options. If all options are exercised the totapl value of the projectis $915 million. DynCor reported $813 million in its latest quarter. “Thisd award is a tremendously important opportunit y for DynCorp International to supporft the safety and securityof U.S. diplomatidc personnel serving in Iraq,” said DynCorp CEO Williamk L. Ballhaus.
“It’s an honot to contribute to our government’sx efforts to promote peace and stabilityin Iraq, for us as a companhy and for every person who serves with DynCorp said the award, to provide personnel, grounf and flight operations, as well as basing and maintenancwe of rotary wing and fixed air assets, began with a transitiomn period June 15, 2009 and will reach full operationj on September 4, 2009.
Falls Church-based DynCorp (NYSE: DCP) will providee the Department of Statd with aviation and aviation support service in Iraq under the terms of the deal which has one base year andfour one-yeadr options. If all options are exercised the totapl value of the projectis $915 million. DynCor reported $813 million in its latest quarter. “Thisd award is a tremendously important opportunit y for DynCorp International to supporft the safety and securityof U.S. diplomatidc personnel serving in Iraq,” said DynCorp CEO Williamk L. Ballhaus.
“It’s an honot to contribute to our government’sx efforts to promote peace and stabilityin Iraq, for us as a companhy and for every person who serves with DynCorp said the award, to provide personnel, grounf and flight operations, as well as basing and maintenancwe of rotary wing and fixed air assets, began with a transitiomn period June 15, 2009 and will reach full operationj on September 4, 2009.
Saturday, February 25, 2012
St. David
ivyhofy.wordpress.com
The foundation identified mental health as a key focua areain 2006. Since more than $7 million has been invested to support mentalk health and behavioral services inCentral Texas. “Over the past four we have awarded mental health grantes inour community...and we are starting to see significant results,” said foundation CEO Earl Maxwell. As part of its efforg to improve mentalhealth services, the foundatiojn commissioned Toni Watt, a sociologisg at Texas State University, to conducty a three-year study of two integrated behaviorak health programs, one at People’s Community Clinicf and one at Lone Star Circle of “The report concludes there has been a reduction in depressiobn scores in both programs,” a release said.
And “as reduction in emergency room use by patient enrolled in one ofthe programs, and cost-savings to one of the clinicd as soon as one year after implementation.” In additiomn to mental health grants, the foundationh is doling out $200,250 in communitg grants to three area nonprofits that provide healthy liviny services. The foundation awards grants twicseeach year. Its mental health and healthy living grants are announcedin June, and its physical health and service for older adults grants are announcedr in December.
The foundation identified mental health as a key focua areain 2006. Since more than $7 million has been invested to support mentalk health and behavioral services inCentral Texas. “Over the past four we have awarded mental health grantes inour community...and we are starting to see significant results,” said foundation CEO Earl Maxwell. As part of its efforg to improve mentalhealth services, the foundatiojn commissioned Toni Watt, a sociologisg at Texas State University, to conducty a three-year study of two integrated behaviorak health programs, one at People’s Community Clinicf and one at Lone Star Circle of “The report concludes there has been a reduction in depressiobn scores in both programs,” a release said.
And “as reduction in emergency room use by patient enrolled in one ofthe programs, and cost-savings to one of the clinicd as soon as one year after implementation.” In additiomn to mental health grants, the foundationh is doling out $200,250 in communitg grants to three area nonprofits that provide healthy liviny services. The foundation awards grants twicseeach year. Its mental health and healthy living grants are announcedin June, and its physical health and service for older adults grants are announcedr in December.
Thursday, February 23, 2012
Idea Integration to offer Microsoft stimulus package - Pacific Business News (Honolulu):
edibin.wordpress.com
Idea Integration is one of six companies inthe U.S. chosen by to offer Microsoft Stimulus360. “They’ve cobbled togethere a lot of Microsoft technology as a solution that can drop into a systemn and immediately track stimulus dollars and applhy forstimulus dollars,” said Sandy Bateh, a seniod vice president at Idea Integration and the company’s Microsoftf alliance manager. The package is aimed at state and localk governments trying to get theit share of the stimulus money and to trackits use.
Idea Integratiom and the other five companies offering the package were chosem because of their familiarity with all of the applications inthe “You have to understansd the five underlying pieces of the Bateh said. Idea Integration will be competingg with the other five companies for government clients. Bateh said the most promising sector is local since most of the stimulus moneyt ultimately gets spent at that Bateh said the alliance with Microsoftg gives Idea Integration a chance to landnew “It’s a great opportunity for companies like us becausr it gives another entry, it’s a he said.
Idea Integration is one of six companies inthe U.S. chosen by to offer Microsoft Stimulus360. “They’ve cobbled togethere a lot of Microsoft technology as a solution that can drop into a systemn and immediately track stimulus dollars and applhy forstimulus dollars,” said Sandy Bateh, a seniod vice president at Idea Integration and the company’s Microsoftf alliance manager. The package is aimed at state and localk governments trying to get theit share of the stimulus money and to trackits use.
Idea Integratiom and the other five companies offering the package were chosem because of their familiarity with all of the applications inthe “You have to understansd the five underlying pieces of the Bateh said. Idea Integration will be competingg with the other five companies for government clients. Bateh said the most promising sector is local since most of the stimulus moneyt ultimately gets spent at that Bateh said the alliance with Microsoftg gives Idea Integration a chance to landnew “It’s a great opportunity for companies like us becausr it gives another entry, it’s a he said.
Monday, February 20, 2012
Kitsap County: Retail, health care industries thrive in Gig Harbor - Puget Sound Business Journal (Seattle):
mozybyd.wordpress.com
But when the new Tacoma Narrows toll bridgwe openedlast year, easing traffid and long wait times, it also startede costing Gig Harbor locals $3 to drive east. This the toll increased to $4. Add the cost of gas these days and, Gig Harbor retail developer JohnHogan said, it just makews more sense to shop at home. “If you need a $40 pair of shoe for your kid, plan on an extrq $10 for gas and the (bridge) toll to shop in Hogan and other developers are giving Gig Harborr residents midprice retail optionx sothey don’t have to leavw the community to find what they Retail now joins health care among busineszs sectors in growth mode in Gig Harbor.
Fuelinf the health care secto r is advance planning for futurepopulation growth. , whic already has a presence inGig Harbor, with 115 employeez providing a wide variety of medical services, is building a new $150 milliob . When it openx in February next year, it will brinh 450 new jobs and becomethe area’s biggesty employer. St. Anthony Hospital is only the second facility of its kind approved for constructiom by the state sincethe mid-1980s. Other medical sector organizationws in Gig Harbor are outpatient servicees fromand Metagenics, a medical nutrition technology company.
“We believe we could develop into a medicaklfield hub,” said Warren Zimmerman, executive director of the Gig Harbo r Chamber of Commerce. Meanwhile, the momentuk for bringing in new local retail optionsis strong, despite tough times in the industry Uptown Gig Harbor is a newly open retailo development by Hogan, who is managing partnerd for Gateway Capital. Redeveloped from an old motel ithas 150,000 square feet of space, 85 perceny of which is leased, he Tenants he’s brought in include Ben Jerry’s, Ann Taylor Loft, Borders, Galaxy Theatres, Jamba Juice, Panera Bread, Coldwater Posh Paw, Adam and Eve Clothinyg Co., Massage Envy, J.
Jill, AT&T, Cutter’s Point coffee house, Fondi girls’ fashion and accessory store wine bar and restaurant Sip, SQ Décor and a nail parlor. Hogan is confident he can fully leaswe the shopping development bynext spring. He’s targetiny kitchenware specialty store Sur La Tabl and housewares retailer Pottery Barn aspotential tenants. “We’rd not going after luxury brand like Cartieror Coach,” said Hogan. “And we’re staying out of discounty retail. We’re trying to mix apparel and entertainment.
” Gig Harbo is a tough place for a developerthat doesn’ t own land in the area, said because of what he sees as “high barrierd to entry.” “Gig Harbor has a real stronhg hold on growth,” he noting developers must provide off-site traffivc mitigation and follow expensive buildiny development codes. “It only pencils out for a long-terjm (land) holder because it’s prettyh hard to flip.” Hogan is a locao whose two family-owned groceryh stores were bought out by Safewayin 1995. His seconx cousin is trying to redevelop an old Ford and Chevrolet dealership intoretail space.
John Caldwell, senior project managet of developer , said 55,009 square feet of retail development has begun in frong of the Costco store in Gig Harbor Leasing activity isunder way. His grouo is also seeking a buyer to developoan 11-acre site for retaill across the street from Costco, but “The current retail marker has slowed that project Nevertheless, plenty of big box retailers have alreadyy sprung up in the area along with Costco in recenft years. They include Home Depot, and Office Depot.
And a YMCA facility opened not quitre a year ago And incoming Caldwell’s company plans to develolp 200 acres of land it holds into about 750 Buyers of those homes, he said, will providee more business for local retailers.
But when the new Tacoma Narrows toll bridgwe openedlast year, easing traffid and long wait times, it also startede costing Gig Harbor locals $3 to drive east. This the toll increased to $4. Add the cost of gas these days and, Gig Harbor retail developer JohnHogan said, it just makews more sense to shop at home. “If you need a $40 pair of shoe for your kid, plan on an extrq $10 for gas and the (bridge) toll to shop in Hogan and other developers are giving Gig Harborr residents midprice retail optionx sothey don’t have to leavw the community to find what they Retail now joins health care among busineszs sectors in growth mode in Gig Harbor.
Fuelinf the health care secto r is advance planning for futurepopulation growth. , whic already has a presence inGig Harbor, with 115 employeez providing a wide variety of medical services, is building a new $150 milliob . When it openx in February next year, it will brinh 450 new jobs and becomethe area’s biggesty employer. St. Anthony Hospital is only the second facility of its kind approved for constructiom by the state sincethe mid-1980s. Other medical sector organizationws in Gig Harbor are outpatient servicees fromand Metagenics, a medical nutrition technology company.
“We believe we could develop into a medicaklfield hub,” said Warren Zimmerman, executive director of the Gig Harbo r Chamber of Commerce. Meanwhile, the momentuk for bringing in new local retail optionsis strong, despite tough times in the industry Uptown Gig Harbor is a newly open retailo development by Hogan, who is managing partnerd for Gateway Capital. Redeveloped from an old motel ithas 150,000 square feet of space, 85 perceny of which is leased, he Tenants he’s brought in include Ben Jerry’s, Ann Taylor Loft, Borders, Galaxy Theatres, Jamba Juice, Panera Bread, Coldwater Posh Paw, Adam and Eve Clothinyg Co., Massage Envy, J.
Jill, AT&T, Cutter’s Point coffee house, Fondi girls’ fashion and accessory store wine bar and restaurant Sip, SQ Décor and a nail parlor. Hogan is confident he can fully leaswe the shopping development bynext spring. He’s targetiny kitchenware specialty store Sur La Tabl and housewares retailer Pottery Barn aspotential tenants. “We’rd not going after luxury brand like Cartieror Coach,” said Hogan. “And we’re staying out of discounty retail. We’re trying to mix apparel and entertainment.
” Gig Harbo is a tough place for a developerthat doesn’ t own land in the area, said because of what he sees as “high barrierd to entry.” “Gig Harbor has a real stronhg hold on growth,” he noting developers must provide off-site traffivc mitigation and follow expensive buildiny development codes. “It only pencils out for a long-terjm (land) holder because it’s prettyh hard to flip.” Hogan is a locao whose two family-owned groceryh stores were bought out by Safewayin 1995. His seconx cousin is trying to redevelop an old Ford and Chevrolet dealership intoretail space.
John Caldwell, senior project managet of developer , said 55,009 square feet of retail development has begun in frong of the Costco store in Gig Harbor Leasing activity isunder way. His grouo is also seeking a buyer to developoan 11-acre site for retaill across the street from Costco, but “The current retail marker has slowed that project Nevertheless, plenty of big box retailers have alreadyy sprung up in the area along with Costco in recenft years. They include Home Depot, and Office Depot.
And a YMCA facility opened not quitre a year ago And incoming Caldwell’s company plans to develolp 200 acres of land it holds into about 750 Buyers of those homes, he said, will providee more business for local retailers.
Saturday, February 18, 2012
Tommy Biffle Q&A: Bass fisherman shares thoughts on Biffle Bug, Alabama rig - NewsOK.com
stockdaleiqemico1521.blogspot.com
Louisiana Sportsman | Tommy Biffle Q&A: Bass fisherman shares thoughts on Biffle Bug, Alabama rig NewsOK.com Wagoner bass angler Tommy Biffle has won more than any other Oklahoma bass angler. He says he's expecting a good Bassmaster Classic on Grand Lake in 2013. Tommy Biffle has won more money than any other Oklahoma bass angler. The Wagoner veteran's career ... Elias to be inducted into Bass Fishing H » |
Thursday, February 16, 2012
Two-game losing streak not dimming Matheny's positive outlook - The Pendulum
bertayfybuqutyp.blogspot.com
Two-game losing streak not dimming Matheny's positive outlook The Pendulum by Zachary Horner Sophomore forward Lucas Troutman and the Phoenix sit second in the Southern Conference's North Division at 8-6 in conference play. File photo by Al Drago, Staff Photographer. Even though his team has lost two games in a row after an ... |
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