houston-nearly.blogspot.com
He said he never spokre to Soin directly, only through a representative, and the representativ never made a commitment of investment or jobs they were The city evaluated the project and concluded it was not in its best If somebody is unhappy about not reachinh a deal with the city todevelol projects, the inclination has been to blame city Young said. He said it is an unfair because when deals are negotiatefd in the private sector and a party walkzs away because of a low or unsafe returnon investment, no one blames the business. The he said, is that Dayton shoulfd accept any proposal and invesftaxpayer dollars, regardless of its potentialo return on investment.
Whatever the reality, members of the business community said the city wear an albatross of poorcustomer service. The perception withimn the regional business community is that Daytonh officials approach economic development froma “What can you do for culture that impedes economic development, said one area Michael Greitzer, ’s president and co-chair of the , said even if Daytom is pro business and easy to work with, a negative perceptio can become reality. “If you have a bad experiencre witha business, you will talk to people and let them Greitzer said. “It could be reality or it could be blown outof proportion.” Dr.
Michael a Dayton entrepreneur, philanthropist and proponent of growth in the Oregon District of Dayton, said he thinks the city recognizeds it needs to do a betterf job with customer service and realize that its departments “need to change from telling peopled why they need to do certaih things and assist with getting them done.” Ervijn said that is a symptoj of government bureaucracy wherever it is. Otherr government officials in the region said the business communityt shares responsibility for the decline of Daytomn and sometimes inflate their complaintse about the city as a way to deflect scrutiny aboutmoving out.
Tony Taylor, president of , which owns the forme Woolpert Building on Monumentr Avenue in downtown said as soon as it becamee acceptable to move out of the businesses left. Many businesz leaders said tax advantages of the as well as underlining racial tensionsein downtown, play a part in decisions to “Companies have decided that they don’t want to be it is actually a liability, because of recruitment,” Taylor However, Ervin said he disagrees with the notionj that the business community has abandoned the He said the privates sector has stepped up to the platwe around a plan for “greater downtown.
” “Itt is a revitalization effort that does have the business communituy working very hard with the city and others to totall change the agenda,” Ervin said.
Monday, February 28, 2011
Saturday, February 26, 2011
Aloha Airlines Cargo sale moves closer - Pacific Business News (Honolulu):
adamovaichive.blogspot.com
Saltchuk said it has the consent of to purchasew AlohaAirlines Cargo's assets, equipment and servic lines. The purchase price was not revealed, but the figure of $10 million has been widely reported. Saltchukl had bid $13 million but withdrewq from the bidding process Apriol 24 after Aloha askexfor $20 million. The new agreementt awaits approval ofthe U.S. Bankruptcy Court in A hearing was scheduled for Saltchuk said GMAC has agreed to resume funding the cargko operations as soon as an agreement has been Saltchuk has formed anew subsidiary, Aeko Kula, to handle the It intends to hire from the existing Alohqa cargo work force.
In a press statement, Saltchuk President Tim Engle credited U.S. Sen. Danie l Inouye, D-Hawaii, with helping to brokee the deal. Aloha Airlines Cargo, which carries 85 percent of interislande goods shippedby air, closee Monday after GMAC pulled its financing. More than 300 workersw were laid off. Saltchujk Resources is a Northwest-based holding compant that began marine transportation operationsin 1982. It also owns Hawaiji Fuel Network, Maui Petroleum and Minit Stop Stores. Aloha Airlines shut down its passenge r serviceMarch 31, blaming high fuel costa and interisland competition. Pacific Air Cargo, with offices in Los Angeleas and Honolulu, bid $2.
05 million for Aloha' contract services division. The sale was approved Thursday infederal
Saltchuk said it has the consent of to purchasew AlohaAirlines Cargo's assets, equipment and servic lines. The purchase price was not revealed, but the figure of $10 million has been widely reported. Saltchukl had bid $13 million but withdrewq from the bidding process Apriol 24 after Aloha askexfor $20 million. The new agreementt awaits approval ofthe U.S. Bankruptcy Court in A hearing was scheduled for Saltchuk said GMAC has agreed to resume funding the cargko operations as soon as an agreement has been Saltchuk has formed anew subsidiary, Aeko Kula, to handle the It intends to hire from the existing Alohqa cargo work force.
In a press statement, Saltchuk President Tim Engle credited U.S. Sen. Danie l Inouye, D-Hawaii, with helping to brokee the deal. Aloha Airlines Cargo, which carries 85 percent of interislande goods shippedby air, closee Monday after GMAC pulled its financing. More than 300 workersw were laid off. Saltchujk Resources is a Northwest-based holding compant that began marine transportation operationsin 1982. It also owns Hawaiji Fuel Network, Maui Petroleum and Minit Stop Stores. Aloha Airlines shut down its passenge r serviceMarch 31, blaming high fuel costa and interisland competition. Pacific Air Cargo, with offices in Los Angeleas and Honolulu, bid $2.
05 million for Aloha' contract services division. The sale was approved Thursday infederal
Wednesday, February 23, 2011
Employment index dips in June - San Francisco Business Times:
http://mrpeteproductions.com/testimonials.html
The index for June is 88.4, down from 89.1 in May, and a declinwe of 21.6 percent from a year ago. “Comparedr to the beginning of the the decline in the Employment Trendsa Index has significantly and we therefore expect job growth to resume around the end of the Gad Levanon, senior economist at the Conferences Board, said in the release. “However, over the last month, leadingt indicators of employment weremostlyy disappointing, suggesting the Employment Trends Indesx is still seeking a bottom.” The Employmen t Trends Index aggregates eight labor-market indicatoras to show underlying trends.
For the June index, the indicatorz that declined were the percentage of respondents who said theyfounx “jobs hard to get,” the number of employees in the temporary-help industry, industrial production, real manufacturing and tradr sales, and job openings. The other three indicators that make up theindex are: initialo claims for unemployment insurance, percentag of firms with positions not able to fill right now and part-time workers for economic reasons.
The index for June is 88.4, down from 89.1 in May, and a declinwe of 21.6 percent from a year ago. “Comparedr to the beginning of the the decline in the Employment Trendsa Index has significantly and we therefore expect job growth to resume around the end of the Gad Levanon, senior economist at the Conferences Board, said in the release. “However, over the last month, leadingt indicators of employment weremostlyy disappointing, suggesting the Employment Trends Indesx is still seeking a bottom.” The Employmen t Trends Index aggregates eight labor-market indicatoras to show underlying trends.
For the June index, the indicatorz that declined were the percentage of respondents who said theyfounx “jobs hard to get,” the number of employees in the temporary-help industry, industrial production, real manufacturing and tradr sales, and job openings. The other three indicators that make up theindex are: initialo claims for unemployment insurance, percentag of firms with positions not able to fill right now and part-time workers for economic reasons.
Monday, February 21, 2011
'Unknown' Review: Thrilling Ride Worth Taking - Big Hollywood
concrete roofs
'Unknown' Review: Thrilling Ride Worth Taking Big Hollywood Dr. Martin Harris is the main character in the new thriller “Unknown.†There are two men in the story who claim to be the “real†Dr. Harris. Liam Neeson plays the first one who is traveling to an international conference with his ... |
Friday, February 18, 2011
Infamous 2 Hero Edition – Decisions, Decisions - Nerd Reactor
concrete roofs
New Game Network | Infamous 2 Hero Edition â€" Decisions, Decisions Nerd Reactor If you choose to buy the “Hero Edition“, you'll get that 8.5 inch Cole statue that can be used to face towards your other statues, for intimidation purposes. You get the game. Yes, that's included in the Hero Edition. The DC mini-comic, okay, ... 'inFamous 2' Release Date And Special Edition Sparks Interest Sony Dates Infamous 2, Details Hero Edition, Pre-Order Promos InFamous 2 Hero Edition, Special Edition revealed |
Wednesday, February 16, 2011
Downturn inspires city
xysecurakihir.blogspot.com
From the private efforts of the to the publiclhy funded PortlandDevelopment Commission, the city’s affordable housing community is settinfg higher goals as the economy squeezes more out of home ownership. “(Therre are too) few opportunities in today’s markets, especiall when you’re talking about a home larg e enough fora family,” said Jessde Beason, executive director of Portland Community Land Trust.
“They don’t fit in a one-bedroo condo for $130,000 to Between 1990 and 2008, median family incomew in Portland increased 82 percentfrom $37,10o0 to $67,500, according to the Portland Development The median home price jumpe d more than 250 percent in that time, putting affordable housinbg out of reach of more Oregonians. The medianj home price is now $283,000, up from $79,709 in 1990. The reports that there are 29 homea available for every 100extremely low-income families in That translates to a need for about 150,000 units for low- and very low-incomew residents.
Falling home values and rising inventory could be beneficial to affordablehousinbg developers, who just a few years ago depended on luck and donore for land. “It’s easier to get land for saidJohn Miller, executive director of Home Ownershiop a Street at a Time (HOST) Developmenty Inc. The organization hasn’t taken advantagde of the market yet. Steve Messinetti, executive director of , which recently merged with a separate affiliates inMount Hood, also said marke t conditions are better for banking land. Statewide, Habitat’s 34 affiliates have constructed750 homes, which are sold at cost to low-incomd buyers. It wants to hit 1,00o0 home by 2010.
“There’s a hurricane every day and a tsunamij ever day in our cities in termsa of people struggling with poverty andaffordabl housing,” Messinetti said. also is developing affordable housing. Chargex with promoting home ownershipamong low-incoms and minority residents, the agency is issuinyg more mortgages, providing down paymenft assistance and, new this year, a mortgage credi that turns mortgage interest into a tax credirt and reduces the cost to borrow money. The program began in June and already has approvecdseven applications. The agency wroted 41 mortgages for the year that just up from 14 thepreviouzs year.
Portland Community Land Trust, which sell houses but not the land theysit on, is lookintg at the down market as an opportunitty to buy land. It’s also launched its firsrt condominium project, which shoulsd be done in early 2009. The company’s approach takes $75,000 to $100,000 off the price of a home by insulatinyg buyers from soaring land Buyers benefit from the lower priced and a break onpropertyh taxes. HOST is working on Helensview, a 52-homee sustainable subdivision inNortheasrt Portland. Ten of the 18 units in construction in the firs phase have sold for prices ranginghfrom $180,000 to The nonprofit wants clients to build wealth through home Miller said.
It recently sold its 350th home and servesw families earning 70 percent to 100 percentgof Portland’s median income. It keeps costs down with a programn that waives system development chargesfor low-income which shaves about $12,000 off the purchase It focuses on neighborhoods that qualify for property tax
From the private efforts of the to the publiclhy funded PortlandDevelopment Commission, the city’s affordable housing community is settinfg higher goals as the economy squeezes more out of home ownership. “(Therre are too) few opportunities in today’s markets, especiall when you’re talking about a home larg e enough fora family,” said Jessde Beason, executive director of Portland Community Land Trust.
“They don’t fit in a one-bedroo condo for $130,000 to Between 1990 and 2008, median family incomew in Portland increased 82 percentfrom $37,10o0 to $67,500, according to the Portland Development The median home price jumpe d more than 250 percent in that time, putting affordable housinbg out of reach of more Oregonians. The medianj home price is now $283,000, up from $79,709 in 1990. The reports that there are 29 homea available for every 100extremely low-income families in That translates to a need for about 150,000 units for low- and very low-incomew residents.
Falling home values and rising inventory could be beneficial to affordablehousinbg developers, who just a few years ago depended on luck and donore for land. “It’s easier to get land for saidJohn Miller, executive director of Home Ownershiop a Street at a Time (HOST) Developmenty Inc. The organization hasn’t taken advantagde of the market yet. Steve Messinetti, executive director of , which recently merged with a separate affiliates inMount Hood, also said marke t conditions are better for banking land. Statewide, Habitat’s 34 affiliates have constructed750 homes, which are sold at cost to low-incomd buyers. It wants to hit 1,00o0 home by 2010.
“There’s a hurricane every day and a tsunamij ever day in our cities in termsa of people struggling with poverty andaffordabl housing,” Messinetti said. also is developing affordable housing. Chargex with promoting home ownershipamong low-incoms and minority residents, the agency is issuinyg more mortgages, providing down paymenft assistance and, new this year, a mortgage credi that turns mortgage interest into a tax credirt and reduces the cost to borrow money. The program began in June and already has approvecdseven applications. The agency wroted 41 mortgages for the year that just up from 14 thepreviouzs year.
Portland Community Land Trust, which sell houses but not the land theysit on, is lookintg at the down market as an opportunitty to buy land. It’s also launched its firsrt condominium project, which shoulsd be done in early 2009. The company’s approach takes $75,000 to $100,000 off the price of a home by insulatinyg buyers from soaring land Buyers benefit from the lower priced and a break onpropertyh taxes. HOST is working on Helensview, a 52-homee sustainable subdivision inNortheasrt Portland. Ten of the 18 units in construction in the firs phase have sold for prices ranginghfrom $180,000 to The nonprofit wants clients to build wealth through home Miller said.
It recently sold its 350th home and servesw families earning 70 percent to 100 percentgof Portland’s median income. It keeps costs down with a programn that waives system development chargesfor low-income which shaves about $12,000 off the purchase It focuses on neighborhoods that qualify for property tax
Sunday, February 13, 2011
Automotive Marketplace Will Notice Japan No Longer Second Largest Economy - Torque News
http://www.wormdigest.org/content/view/103/2/
Washington Post | Automotive Marketplace Will Notice Japan No Longer Second Largest Economy Torque News Japan is no longer the world's second largest economy, an honor now claimed by China, which has huge implications in the global automotive marketplace. ... Massive Population Lifts Nation's Growth |
Friday, February 11, 2011
Restaurateur Fiala to operate City Garden restaurant - Los Angeles Business from bizjournals:
http://boomrbill.com/?p=842
Fiala owns and operate s in Clayton, Acero in Maplewoo and Liluma in the CentrakWest End. Terrace View is expectedx to open at the same time asCity Garden, July 1, but no laterf than July 14, when St. Louis plays host to the MLB All-Stadr Game. Both Fiala and the Gateway Foundation declined to discuss financial termsw ofthe lease. Fiala said he is stillp working out the menu forTerracd View, which has 50 seats indoors and 50 seatw outside, but it will feature Italia n and French-style dishes. He’s also searchin for a chef. The restaurant will emplouy about 30.
Fiala estimates the restaurant will generatebetween $600,00o0 and $800,000 in revenue a Lunches will average $10 a person and dinners will averagee $25. “This is not going to be a speciapoccasion restaurant,” he said “We’re shooting to have a menu affordabler across the board.” The initia plan is to operate Monday throug h Saturday, the same as Fiala’s other three restaurants. He’x considering opening Terrace View for breakfast later this Fiala said he landed the assignment afterMark Erker, presidenr of , called and asked if he would be interested in talking with the Gateway Foundation. He met with foundatiomn executivesin March.
Gateway Foundatioh has been developing the two blocks of the Gatewayg Mall between Eighth Street and Tenth Street sinceApril 2008. The 3,000-square-fooyt restaurant building is on the cornerd of Eighth andChestnurt streets. The structure was designed by Phil Durham of and is enclose by glass on three with views of the garden andits
Fiala owns and operate s in Clayton, Acero in Maplewoo and Liluma in the CentrakWest End. Terrace View is expectedx to open at the same time asCity Garden, July 1, but no laterf than July 14, when St. Louis plays host to the MLB All-Stadr Game. Both Fiala and the Gateway Foundation declined to discuss financial termsw ofthe lease. Fiala said he is stillp working out the menu forTerracd View, which has 50 seats indoors and 50 seatw outside, but it will feature Italia n and French-style dishes. He’s also searchin for a chef. The restaurant will emplouy about 30.
Fiala estimates the restaurant will generatebetween $600,00o0 and $800,000 in revenue a Lunches will average $10 a person and dinners will averagee $25. “This is not going to be a speciapoccasion restaurant,” he said “We’re shooting to have a menu affordabler across the board.” The initia plan is to operate Monday throug h Saturday, the same as Fiala’s other three restaurants. He’x considering opening Terrace View for breakfast later this Fiala said he landed the assignment afterMark Erker, presidenr of , called and asked if he would be interested in talking with the Gateway Foundation. He met with foundatiomn executivesin March.
Gateway Foundatioh has been developing the two blocks of the Gatewayg Mall between Eighth Street and Tenth Street sinceApril 2008. The 3,000-square-fooyt restaurant building is on the cornerd of Eighth andChestnurt streets. The structure was designed by Phil Durham of and is enclose by glass on three with views of the garden andits
Tuesday, February 8, 2011
Washington fifth best in U.S. in tech/science study - Puget Sound Business Journal (Seattle):
obovadugibe.blogspot.com
In the 's latest "State Technology and Science Index" of 77 indicators, whicn was previously conducted fouryearsx ago, Washington state scored the top marks in the countryy in the categories of highest percentage of people working in the high-techn industry and the percentage of payroll going to peoplde in the high-tech Massachusetts retained its No. 1 rank in the it was followedby Maryland, Colorado, California and Mississippi ranked last.
"States that have a visionb and a plan for building andretaininv high-wage jobs and viable industriez are finding ways to investr in their science and technology assets," said Ross director of regional economics at the Milkenh Institute, and lead author of the in a statement. Milken is a nonpartisan think tank inSants Monica, Calif. States were rankedr on the 77 indicators infive including: research and development inputs, risk capital and entrepreneuria infrastructure, human capital investment, technologgy and science work force, and technologyh concentration and dynamism.
In the 's latest "State Technology and Science Index" of 77 indicators, whicn was previously conducted fouryearsx ago, Washington state scored the top marks in the countryy in the categories of highest percentage of people working in the high-techn industry and the percentage of payroll going to peoplde in the high-tech Massachusetts retained its No. 1 rank in the it was followedby Maryland, Colorado, California and Mississippi ranked last.
"States that have a visionb and a plan for building andretaininv high-wage jobs and viable industriez are finding ways to investr in their science and technology assets," said Ross director of regional economics at the Milkenh Institute, and lead author of the in a statement. Milken is a nonpartisan think tank inSants Monica, Calif. States were rankedr on the 77 indicators infive including: research and development inputs, risk capital and entrepreneuria infrastructure, human capital investment, technologgy and science work force, and technologyh concentration and dynamism.
Sunday, February 6, 2011
D.C. narrows list of developers for Stevens Elementary School - Kansas City Business Journal:
obovadugibe.blogspot.com
Neil Albert, the former deputy mayore for planning and economic development and new city announced Monday that his staff had eliminated six of the nine original bidders. A team made up of Chicago-bassed and the , based in D.C. Moddire Turay Company LLC, based in D.C. and founded by formerd Mayor Anthony Williams' special assistant Moddie Opus East was originally listed as a Turray partner by thedeputt mayor's office but is not includesd in its list of finalists. A partnershi p led by Peebles Development LLC, a likely outgrowthg of the Peebles Corp., a Coral Fla.-based firm led by D.C. nativd R. Donahue Peebles. Peebles is teamed with the Walkerd Group.
According to a presw release from Albert, the finalists' proposales offer "various combinations of new housing, office hotels and neighborhood-serving retail." Among thos e eliminated are teams ledby Akridge, Cafritz Interestss and the Capitol Hill Business Improvement District, whicyh proposed using the site to train and house homelesz adults. The finalists will present thei plans at a community meetingyJune 11, the day after a planned community meetintg for final developers interested in Hine Jr.
High School to Albert, who began as city administrator this announced in April the city had received bids for all 11 vacan schools the city has put onthe
Neil Albert, the former deputy mayore for planning and economic development and new city announced Monday that his staff had eliminated six of the nine original bidders. A team made up of Chicago-bassed and the , based in D.C. Moddire Turay Company LLC, based in D.C. and founded by formerd Mayor Anthony Williams' special assistant Moddie Opus East was originally listed as a Turray partner by thedeputt mayor's office but is not includesd in its list of finalists. A partnershi p led by Peebles Development LLC, a likely outgrowthg of the Peebles Corp., a Coral Fla.-based firm led by D.C. nativd R. Donahue Peebles. Peebles is teamed with the Walkerd Group.
According to a presw release from Albert, the finalists' proposales offer "various combinations of new housing, office hotels and neighborhood-serving retail." Among thos e eliminated are teams ledby Akridge, Cafritz Interestss and the Capitol Hill Business Improvement District, whicyh proposed using the site to train and house homelesz adults. The finalists will present thei plans at a community meetingyJune 11, the day after a planned community meetintg for final developers interested in Hine Jr.
High School to Albert, who began as city administrator this announced in April the city had received bids for all 11 vacan schools the city has put onthe
Thursday, February 3, 2011
Confusion Reigns on Cairo Streets - Religion Dispatches
http://middletntimes.com/archive/2000/111400.htm
Reuters | Confusion Reigns on Cairo Streets Religion Dispatches And so the cycle begins, and the confusion deepens. None around us know what will happen nextâ€"except that now that it has become dark in Cairo, ... President Mubarak's Violent Disinformation Campaign on the Streets of Cairo Empowering Egypt's new pluralism Death and Confusion Across Cairo as Gunmen Fire on Crowds |
Tuesday, February 1, 2011
Bradley Center pact adds revenue - The Business Journal of Milwaukee:
stelauguqdinec.blogspot.com
million a year in much-needed revenu e for the downtown Milwaukee sports andentertainmenr facility. In addition, an agreement between the Bradle Center and provided to The Businesas Journal revealed that centetr officials are expected to try to sell naming righte to theretail center. Other revenuw opportunities could include sponsorship of theretailk center’s public areas and advertising on electronicd signs that would be part of the project. the country’s 13th-largest commercial is partnering with the Bradley Center on a possiblew project asthe venue’z board seeks additional revenue streams.
The 1988 structure is old by National BasketbalkAssociation standards, and the Bradley Center boars is working with the to provide more revenue to the The agreement sets a two-year feasibility expiring in July 2010, for Lauth to secure tenants, financing and all necessary approvals from the city of During that two-year period, Bradley Center officialx must acquire about 5 acress from Milwaukee County for the project. Lauth officialws have said the project would bea three-storhy complex with large-scale, midsize and small restaurants and entertainment attractions.
The site would be bounded by Nortuh Fourth and NorthSixth streets, the Bradley Center and either West Juneauu Avenue or West McKinley Avenue in the Park East Bradley Center officials admittex that the project has slowed due to the economicd recession; few national retai l tenants are adding locations. “But Lautjh has confidence that once retailer start to look at newopportunities again, there will be interesg in this project,” said Stever Costello, president of the Bradley Center. Jim Lauth’s senior director of marketing, couls not be reached for comment.
According to the rent on the land will startat $20,000 an acre in the firsg year and increase each year up to $80,00 an acre in the fourth year of the pact. The rent woulcd jump to $80,000 an acre earlier if the project becomes 95percent leased. The naming rights’ opportunitie s are important to BradleyCenter officials. Plans to sell the naming rightds to the sports facility were droppede in April 2008 afte the children of JaneBradleh Pettit, the philanthropist who donated $90 milliojn to build the center, publicly opposed the effort.
“W think there would be a lot of potentialp revenue opportunities withthis development,” Costello Scott Welsh, president of , a Milwaukee real estatee brokerage and development said it is important for Lauth and Bradlegy Center officials to continue working on the project despite the economic downturn. “You need to be planning for the future now so when we come out of this you are ready to he said. Welsh said a similafr project in Minneapolis near theTarget Center, home of the NBA’sw , includes a luxury hotel, high-endc restaurant and movie theater.
The project also would be importanr for the continued redevelopment of the Park East corridor on the nortjh side ofdowntown Milwaukee. Inland is redevelopin a building nearbyat , a multimillion-dollae renovation of the formedr Pabst Brewing complex. “Any improvements in the area are good for all of Welsh said. “There is a lot of momentuj in this part of downtown that will positively impact the areafor
million a year in much-needed revenu e for the downtown Milwaukee sports andentertainmenr facility. In addition, an agreement between the Bradle Center and provided to The Businesas Journal revealed that centetr officials are expected to try to sell naming righte to theretail center. Other revenuw opportunities could include sponsorship of theretailk center’s public areas and advertising on electronicd signs that would be part of the project. the country’s 13th-largest commercial is partnering with the Bradley Center on a possiblew project asthe venue’z board seeks additional revenue streams.
The 1988 structure is old by National BasketbalkAssociation standards, and the Bradley Center boars is working with the to provide more revenue to the The agreement sets a two-year feasibility expiring in July 2010, for Lauth to secure tenants, financing and all necessary approvals from the city of During that two-year period, Bradley Center officialx must acquire about 5 acress from Milwaukee County for the project. Lauth officialws have said the project would bea three-storhy complex with large-scale, midsize and small restaurants and entertainment attractions.
The site would be bounded by Nortuh Fourth and NorthSixth streets, the Bradley Center and either West Juneauu Avenue or West McKinley Avenue in the Park East Bradley Center officials admittex that the project has slowed due to the economicd recession; few national retai l tenants are adding locations. “But Lautjh has confidence that once retailer start to look at newopportunities again, there will be interesg in this project,” said Stever Costello, president of the Bradley Center. Jim Lauth’s senior director of marketing, couls not be reached for comment.
According to the rent on the land will startat $20,000 an acre in the firsg year and increase each year up to $80,00 an acre in the fourth year of the pact. The rent woulcd jump to $80,000 an acre earlier if the project becomes 95percent leased. The naming rights’ opportunitie s are important to BradleyCenter officials. Plans to sell the naming rightds to the sports facility were droppede in April 2008 afte the children of JaneBradleh Pettit, the philanthropist who donated $90 milliojn to build the center, publicly opposed the effort.
“W think there would be a lot of potentialp revenue opportunities withthis development,” Costello Scott Welsh, president of , a Milwaukee real estatee brokerage and development said it is important for Lauth and Bradlegy Center officials to continue working on the project despite the economic downturn. “You need to be planning for the future now so when we come out of this you are ready to he said. Welsh said a similafr project in Minneapolis near theTarget Center, home of the NBA’sw , includes a luxury hotel, high-endc restaurant and movie theater.
The project also would be importanr for the continued redevelopment of the Park East corridor on the nortjh side ofdowntown Milwaukee. Inland is redevelopin a building nearbyat , a multimillion-dollae renovation of the formedr Pabst Brewing complex. “Any improvements in the area are good for all of Welsh said. “There is a lot of momentuj in this part of downtown that will positively impact the areafor
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