from today's Bloomberg Businessweek (3/30):
Los Angeles Stadium Proposal Lacks Lakers-Like Bond Guarantee
March 30, 2011, 1:59 AM EDT
"March 30 (Bloomberg) -- Billionaire Philip Anschutz’s plan to build a football stadium and convention-center addition in downtown Los Angeles offers the city a financial guarantee that falls short of what he gave with Staples Center 13 years ago.
The Anschutz subsidiary behind the project is providing no letter of credit or additional guarantee for $350 million of municipal bonds related to the development, according to a Feb. 16 proposal, unlike the backing provided for Staples Center." ....
for the complete story
Meeting to start LA stadium environmental review
"Los Angeles officials are inviting members of the public to share their concerns and suggestions surrounding a proposed downtown NFL stadium.
The scoping meeting scheduled for Wednesday evening is a required step in the project's environmental review process." ...
for the complete story
Wednesday, March 30, 2011
CA Green Energy legislation to impact utility company rates
from this morning's Sacramento Bee (3/30)
Green-energy legislation means higher rates in California, utilities warn
Published Wednesday, Mar. 30, 2011
"Local consumers could see sharp electricity rate increases under sweeping new legislation that would require them to ramp up their energy supplies from wind, solar and other green sources, local utilities said.
On Thursday, the state Assembly voted 55-19 to approve a measure requiring power companies to obtain up to 33 percent of their energy supplies from green sources, up sharply from the current 20 percent. The state Senate already has passed the bill.
The measure, which requires the approval of Gov. Jerry Brown, aims to reduce greenhouse gas emissions in California while boosting jobs in the state's fast-growing green economy." ....
for the complete story
Green-energy legislation means higher rates in California, utilities warn
Published Wednesday, Mar. 30, 2011
"Local consumers could see sharp electricity rate increases under sweeping new legislation that would require them to ramp up their energy supplies from wind, solar and other green sources, local utilities said.
On Thursday, the state Assembly voted 55-19 to approve a measure requiring power companies to obtain up to 33 percent of their energy supplies from green sources, up sharply from the current 20 percent. The state Senate already has passed the bill.
The measure, which requires the approval of Gov. Jerry Brown, aims to reduce greenhouse gas emissions in California while boosting jobs in the state's fast-growing green economy." ....
for the complete story
L.A. Grand Ave. redevelopment plan approved
from yesterday's Los Angeles Business Journal newsfeed (3/29)
Wilshire Grand Redevelopment Plan Approved
By Jacquelyn Ryan
Tuesday, March 29, 2011
"The Los Angeles City Council approved on Tuesday the $1.2 billion high-rise redevelopment of downtown’s Wilshire Grand hotel site, as well as controversial plans to light up the new towers with digital advertising.
Hotel owner Korean Air and developer Thomas Properties Group plan to raze the existing hotel at the intersection of Wilshire Boulevard and Figueroa Street and build a 65-story, 1.5 million square foot office building and a 45-story building comprising 650 hotel rooms and up to 100 condos." ...
for the compelte story
Wilshire Grand Redevelopment Plan Approved
By Jacquelyn Ryan
Tuesday, March 29, 2011
"The Los Angeles City Council approved on Tuesday the $1.2 billion high-rise redevelopment of downtown’s Wilshire Grand hotel site, as well as controversial plans to light up the new towers with digital advertising.
Hotel owner Korean Air and developer Thomas Properties Group plan to raze the existing hotel at the intersection of Wilshire Boulevard and Figueroa Street and build a 65-story, 1.5 million square foot office building and a 45-story building comprising 650 hotel rooms and up to 100 condos." ...
for the compelte story
Anaheim Kings?
from this morning's Sacramento Bee (3/30)
Anaheim approves plan to lure Kings
Published Wednesday, Mar. 30, 2011
"ANAHEIM – It's pretty much up to the Maloofs now.
In a move that probably assures the Kings will relocate, the Anaheim City Council approved a $75 million incentive plan Tuesday designed to lure the NBA team from Sacramento.
A series of 5-0 votes came as Sacramento officials all but conceded the team is gone. Although the city had hinted a day earlier that it would sue Anaheim, Mayor Kevin Johnson said Tuesday he was fine with the Kings' departure as long as the team owners, the Maloofs, repay a $77 million debt to the city." ...
for the complete story
Anaheim approves plan to lure Kings
Published Wednesday, Mar. 30, 2011
"ANAHEIM – It's pretty much up to the Maloofs now.
In a move that probably assures the Kings will relocate, the Anaheim City Council approved a $75 million incentive plan Tuesday designed to lure the NBA team from Sacramento.
A series of 5-0 votes came as Sacramento officials all but conceded the team is gone. Although the city had hinted a day earlier that it would sue Anaheim, Mayor Kevin Johnson said Tuesday he was fine with the Kings' departure as long as the team owners, the Maloofs, repay a $77 million debt to the city." ...
for the complete story
Wednesday, March 23, 2011
Dallas arts district adding assembly venue
From Architectural Record 3/23/2011
SOM's Arts Venue Takes Shape in Dallas
03/20/2011
Chicago Tribune
"The lone Chicago-designed building in the Dallas Arts District promises to be a modest but dignified venue for the Texas city's small to midsize arts groups -- and could rectify some of the urban design faults of its flashier neighbors.
Now under construction and known as the City Performance Hall, the publicly funded, block-filling building was designed by Skidmore, Owings & Merrill. Its first phase, which will contain a 750-seat, two-level theater, is due to open in September 2012 and is expected to provide a home base in the prestigious arts district for a multiethnic variety of music, theater and dance troupes." ...
for the complete story
SOM's Arts Venue Takes Shape in Dallas
03/20/2011
Chicago Tribune
"The lone Chicago-designed building in the Dallas Arts District promises to be a modest but dignified venue for the Texas city's small to midsize arts groups -- and could rectify some of the urban design faults of its flashier neighbors.
Now under construction and known as the City Performance Hall, the publicly funded, block-filling building was designed by Skidmore, Owings & Merrill. Its first phase, which will contain a 750-seat, two-level theater, is due to open in September 2012 and is expected to provide a home base in the prestigious arts district for a multiethnic variety of music, theater and dance troupes." ...
for the complete story
NY gets new, green, upscale library on landfill
From Architectural Record 3/23/2011
Battery Park City Library
1100 Architect
New York City By Jane Kolleeny
"About 40 years ago, bedrock and dirt were excavated to build the World Trade Center in Lower Manhattan. That soil established the foundation for a 92-acre swath of land where the mixed-use neighborhood of Battery Park City was built. Landfill reuse is a fitting beginning for a planned community that today has become one of the greenest in America, due to stringent environmental guidelines developed in 1999 and implemented by the Battery Park City Authority (BPCA)."...
for the complete story
Battery Park City Library
1100 Architect
New York City By Jane Kolleeny
"About 40 years ago, bedrock and dirt were excavated to build the World Trade Center in Lower Manhattan. That soil established the foundation for a 92-acre swath of land where the mixed-use neighborhood of Battery Park City was built. Landfill reuse is a fitting beginning for a planned community that today has become one of the greenest in America, due to stringent environmental guidelines developed in 1999 and implemented by the Battery Park City Authority (BPCA)."...
for the complete story
Disney Tokyo hotels close
from Hotel News Now 3/23/2011
Update: Disney Tokyo hotels closed
22 March 2011 10:12 AM
By Stacey Mieyal Higgins
"REPORT FROM JAPAN (Updated 23 March, 10 a.m. eastern)—In the days since the 9.0-magnitude earthquake that rocked northern Japan, the country has received no mercy from the elements." ...
"Tokyo Disneyland
The entire Tokyo Disney Resort complex in Maihama, has been closed since the earthquake, according to a statement from Oriental Land Company Limited."...
for the complete story
Update: Disney Tokyo hotels closed
22 March 2011 10:12 AM
By Stacey Mieyal Higgins
"REPORT FROM JAPAN (Updated 23 March, 10 a.m. eastern)—In the days since the 9.0-magnitude earthquake that rocked northern Japan, the country has received no mercy from the elements." ...
"Tokyo Disneyland
The entire Tokyo Disney Resort complex in Maihama, has been closed since the earthquake, according to a statement from Oriental Land Company Limited."...
for the complete story
Dayton Museum Shop partnering with local arts community for sales
WDTN Dayton 3/21/2011
DAI Museum Store partners with Dayton Visual Arts Center to feature local artists
Updated: Monday, 21 Mar 2011, 4:25 PM EDT
Published : Monday, 21 Mar 2011, 4:25 PM EDT
"DAYTON, Ohio (WDTN) - The Dayton Art Institute's Museum Store has partnered with the Dayton Visual Arts Center (DVAC) to offer the work of local artists in the Museum Store." ...
for the complete story
DAI Museum Store partners with Dayton Visual Arts Center to feature local artists
Updated: Monday, 21 Mar 2011, 4:25 PM EDT
Published : Monday, 21 Mar 2011, 4:25 PM EDT
"DAYTON, Ohio (WDTN) - The Dayton Art Institute's Museum Store has partnered with the Dayton Visual Arts Center (DVAC) to offer the work of local artists in the Museum Store." ...
for the complete story
US Labor Force Projections
The Congressional Budget Office this morning released its national labor force projections through 2021.
For the report, summaries, and other info
For the report, summaries, and other info
HI tourism suffering from Japanese loses
from Honolulu Star Advertiser 3/15/2011
Industry expects to take big hit
Losses in Japanese business foreseen as being extensive
POSTED: 01:30 a.m. HST, Mar 15, 2011
"The state's visitor industry is grappling with
thousands of cancellations in the aftermath of the
tsunami that crippled Japan and caused tens of
millions of dollars in damage in Hawaii." ...
for the complete story
Industry expects to take big hit
Losses in Japanese business foreseen as being extensive
POSTED: 01:30 a.m. HST, Mar 15, 2011
"The state's visitor industry is grappling with
thousands of cancellations in the aftermath of the
tsunami that crippled Japan and caused tens of
millions of dollars in damage in Hawaii." ...
for the complete story
NYC library adaptive reuse back on track
from Hotels newsline 3/23/2011
Starwood Capital takes over New York library hotel development project
By HOTELS Editors on 3/22/2011
"NEW YORK CITY The planned conversion of a New York City library building into a luxury boutique hotel will be pursued by Starwood Capital Group now that Orient-Express Hotels has formally back out of the project.
Orient-Express has transferred its purchase and development agreements for the Donnell branch of the New York Public Library to Starwood Capital and an affiliate of Tribeca Associates LLC. The new joint venture assumes all the terms and obligations of the original contract ..."
for the complete story
Starwood Capital takes over New York library hotel development project
By HOTELS Editors on 3/22/2011
"NEW YORK CITY The planned conversion of a New York City library building into a luxury boutique hotel will be pursued by Starwood Capital Group now that Orient-Express Hotels has formally back out of the project.
Orient-Express has transferred its purchase and development agreements for the Donnell branch of the New York Public Library to Starwood Capital and an affiliate of Tribeca Associates LLC. The new joint venture assumes all the terms and obligations of the original contract ..."
for the complete story
Tuesday, March 22, 2011
San Jose to upgrade convention center
from the Mercury News --
San Jose City Council approves bonds for upgrade of aging convention center
By John Woolfolk
Posted: 03/15/2011 06:15:59 PM PDT
Updated: 03/15/2011 09:56:20 PM PDT
"San Jose officials Tuesday unanimously approved bond financing for a $120 million renovation of the city's aging convention center despite potential risk to a city budget already awash in red ink.
The project posed a quandary for city officials, who are grappling with a $105.4 million shortfall in the city's general fund that may trigger major reductions in basic services such as police and libraries. Should economic assumptions and safeguards underlying the convention center financing not hold, the city would have to pay bondholders out of a general fund now in its 10th straight year of deficits, further eroding services.
But putting off the project would mean that the San Jose McEnery Convention Center would surrender business to more modern venues in Santa Clara and San Francisco." ...
for the complete story
San Jose City Council approves bonds for upgrade of aging convention center
By John Woolfolk
Posted: 03/15/2011 06:15:59 PM PDT
Updated: 03/15/2011 09:56:20 PM PDT
"San Jose officials Tuesday unanimously approved bond financing for a $120 million renovation of the city's aging convention center despite potential risk to a city budget already awash in red ink.
The project posed a quandary for city officials, who are grappling with a $105.4 million shortfall in the city's general fund that may trigger major reductions in basic services such as police and libraries. Should economic assumptions and safeguards underlying the convention center financing not hold, the city would have to pay bondholders out of a general fund now in its 10th straight year of deficits, further eroding services.
But putting off the project would mean that the San Jose McEnery Convention Center would surrender business to more modern venues in Santa Clara and San Francisco." ...
for the complete story
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