12/6/2006

Hot news out of San Diego from yesterday's SDBJ newsflash for all you BRAC and waterfront development folks:

"Manchester, Navy OK $1.2B Broadway Waterfront Redo"
After Months of Delay, Two Sides Agree to Sign 99-Year LeaseBy PAT BRODERICK
San Diego Business Journal Staff

"The Manchester Financial Group has entered into a landmark 99-year lease with the Navy for the $1.2 billion redevelopment of the Navy Broadway Complex in downtown San Diego.

If the agreement had not been signed by Jan. 1, the federal government could have closed the complex, which is located on a prime 14.7-acre site at Broadway and North Harbor Drive.

Under the deal that was set to be announced Dec. 1, the Manchester group will assume development rights in a master plan previously negotiated between the Navy and San Diego.

Manchester will give the Navy $160 million, to apply to new headquarters on the site. Manchester is also covering costs associated with demolition and environmental remediation, ....."
for the rest of the article see: http://www.sdbj.com/article.asp?aID=34625821.6620395.1401283.3070146.8295477.327&aID2=107782


And for the Indian gaming people amongst us The Albany Times Union reported today that the Oneidas have hit another road block:

"High court rejects Oneida appeal
Tribe sought to contest state rulings that it lacked a valid compact for Turning Stone"
By JAMES M. ODATO, Capitol bureau
First published: Tuesday, December 5, 2006

"ALBANY -- The U.S. Supreme Court on Monday turned down the appeal of the Oneida Indian Nation, providing the tribe no legal basis for the operation of the Turning Stone Casino in Verona.
The high court would not take up the tribe's appeal of state court rulings that the casino, open since 1993, lacks a valid gaming compact because it was never ratified by the Legislature.


The court also ruled in 2005 that the casino isn't built on Indian land, another violation of Indian gaming laws....."
for the complete article see: http://timesunion.com/AspStories/story.asp?storyID=541618&category=STATE&newsdate=12/5/2006