Wednesday, February 15, 2012

City extends kill date on stadium deal - Philadelphia Business Journal:

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The date was changed to July 15, from July 1, after , which is providing a $100 million lettedr of credit towardthe project, askes to modify the terms of its County commissioners are to meet Friday to considert Wachovia's request to change the date of when the bank'd fees are to be paid. Wachovia is askinb it be paid itsfees first, instead of aftere debt and reserve paymentx are made, as stipulated under the current proposal. In a 3-2 vote the city commissioners approvedcthe following: Allow the terminatio n date to be moved to July 15. Give the countyg until July 17 to terminates the deal if it has not closedc on thebond sale.
Extend the date for the city’s $13 millio n contribution to July 17. Amend the provision to allow the city to suspencd deposit of its contribution to the projecy if there is a delay dueto litigation. Amenr the warranty deed for the stadium site so that it would reveryt back tocity ownership, if the deal is In April, Miami-Dade County commissioners approved issuing bonde totaling a maximum of $536 milliohn toward construction of the $640 million, 37,000-seat ballpark. On opponents of the financinhg deal filed a motion to stop thebond sale, prompting Miami-Dade to push back the sale of its bond by two On Thursday, Miami-Dade County Circuit Court Judge Lawrence A.
Schwartx heard argments from both sides regarding theemergencu motion. He said he would try to issud an order by no laterthan Monday. Grace Solaree and Elvis Cruz, who filed suit in February, are behin that effort. The motionb for injunction alleges the county is exceedintg its constitutional tax and spendingg powers by issuing bonds tied to the professionalsports tax/tourist developmeny tax. The plaintiffs contend that the county is inappropriately using the current bond to repau a prior bond issuedin 1992. As a resulf of the motion, and to avoid a clouf that could affect interest rates on the the county pushed back the bondsale dates, Miami-Dade spokeswomamn Vicki Mallette said Monday.

Saturday, February 11, 2012

High court asked to undo Mont. campaign money ban - Boston.com

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Press TV


High court asked to undo Mont. campaign money ban

Boston.com


February 10, 2012|AP Corporations are asking the Supreme Court to  »

Thursday, February 9, 2012

SMU students warned of gas leak - Dallas Business Journal:

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The warning came out aftet a gas leak was identifiedc on campus sometimebetween 9:30 and 9:45 a.m. Thursdayy morning, said Kent Best, executive directotr of news and communications. Best added that was notified Additional e-mails with more information were sent to facultyand staff, and a final e-mailk was distributed alerting everyone on campuzs to the fact that the gas leak had been Best said. “Those messagews came from our emergency department,” Best added, “thes emphasis is on brevity and speed. It is something we will review to make sure that as much detaikl that we can put in therwe is provided to avoid any confusiohn inthe future.
” Best said the whole event lastedf about an hour. The gas leak occurre d at a construction site near Moody Coliseunm at Airline Road andBinkley Avenue, according to

Tuesday, February 7, 2012

Apache Boulevard gets lift from light rail, housing construction - Phoenix Business Journal:

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The street is humming with in part because it cuts througuh the middleof ’s campus and is on the lighty rail line. Four largse construction projects along Apache are scheduled to be completexdthis fall: the residential community next to the ASU and three apartment complexes: the , Campusd Suites and Vue on The three apartment projects will deliver about 850 new apartmentw to Tempe. The $130 million Barrett Honorsz College complex will provide housingto 1,700 students. All but $10 milliohn is being paid for by American Campus Communitiesof Austin, Texas, a public company that leases the land from ASU.
The Barrett facility, with seven will include classrooms, computer labs, recreational amenities, an amphitheaterd and dining facilities. One of the more innovativw projects along Apache is the GrigiolMetro project, which wrap apartments around a light rail park and Established Valley apartment builder Gray Development, whicuh also built Grigio Tempe Town has taken its modern luxury conceprt to a new location. “It’s really a good examplr of transit-oriented development,” said Chris community development manager forthe .
Valley Metro sold the land under the park and ride to the which then signed a development agreement with Gray to buildc 408 units onthe facility’e perimeter. While Tempe holds titled to the parkand ride, Gray owns the land underr the apartments. “It seemsz like it would be very complicated, but it Salomone said. The city had to guarantee the parking space s would be finishedby Dec. 27 to coincidde with the Metro lightrail launch. Salomonw expects the Grigio Metro to be a model forother transit-orientedx design projects throughout the metroi area. Similar projects have been successfulin Ore., and San Diego.
Still, there were challenges for The costs of building 65 housingg units to an acre over retail and around a parkinh structure hasbeen tough, as was obtaining financingf for an untested product type. A tight time framee and confined construction space added tothe “We are successfully managing through all these concerns and are very pleasexd with the progress of the project,” said Brian chief operating officer for Gray. With so many residentiaol units in the works alonvgApache Boulevard, Salomone hopes the city will developl new design guidelines to encourage and expedite retaiol to support the rejuvenatedd neighborhood.
“Now that things have settled down and some projects are on this is a good time to look at the urbajn development that has been created the last four yearsx and make sure we plan for the futurewmore carefully,” he said. One issue that has Salomon concerned is the potential glut of student especially nowthat ASU’s enrollment could dip with expected tuition “I’ve been trying to get to the bottonm of this — the dorms vs. private housing. If there’s too much, how will that impacyt ASU’s business plan?” Salomone said.
But Michaep Coakley, associate vice president and executive directof ofuniversity housing, said the demandf is there for student housing. Freshme n are required to liveon campus, and most year there is a shortage of dorm He believes the addition of private student housinb will create vacancies in other areas of “The outcome will be that some of the older (rental) facilities farther away from campus will feel Coakley said.

Saturday, February 4, 2012

Simon Property Group Announces Results of Dividend Elections and Details of Common Stock Dividend Payable on June 19, 2009

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-- Holders of 22.6 million shares electedr to receive the dividend allin -- Holders of 234.2 million shares electede to receive the dividend all in cash and will receivew $0.1316 per share in cash and $0.4684 per share in stock (78%). -- Holderws of 22.0 million shares made no election and willreceivr $0.12 per share in cash (20%) and $0.48 per shar in stock (80%). -- The Compant will pay fractional shares in Based on stockholder the dividend will consist ofapproximately $33.5 millionb in cash and approximately 2.5 million shares of SPG common stock.
The number of sharesx included in the dividend was calculatec based on the volume weighted averagw trading prices ofthe Company's common stock on June 10, June 11 and June 12, or $52.8757 per Simon Property Group, Inc. is an S&Pl 500 company and the largestpublifc U.S. real estate company. Simon is a fullty integrated real estate company which operates from five retail real estate platforms: regional malls, Premium Outlet Centers(R), The Mills(R), community/lifestyle centeres and international properties. It currently owns or has an interes t in 384 properties comprising 261 milliohn square feet of grosa leasable area inNorth America, Europe and Asia.
The Companyu is headquartered in Indianapolis, Indiana and employs more than 5,000o people worldwide. Simon Property Group, Inc. is publiclh traded on the NYSE under thesymbol SPG. For further information, visir the Company's website at . SOURCd Simon Property Group, Inc.

Thursday, February 2, 2012

Comcast customers face rate increase, gain more HD channels - Sacramento Business Journal:

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percent starting Jan. 1, according to the cable-televisioj giant. At the same time, Comcast will launcnh between four andeight high-definition networks throughouf Central California, and move certain networks from a lower levep of service to an upgradede level. High-definition NFL was addes Nov. 20. Other additions and changes are set to takeplacer Dec. 12, including the launch of high-definition KMAX-Tg Channel 31, A&E Television, , , Home Garden Television, USA Network, NFL Network and Historty Channel. The eight additionalp high-definition networks will be availabler to customersin Roseville, Placerville, El Doradi Hills and Davis.
Sacramento customers get four A&E, KMAX-TV, National Geographic and the NFL Comcast alsois adding, in standard-definition, the Fox Businessx Network on Digital Classic, Channel 130, throughouyt Central California, and Oxygenj on Digital Class, Channel 165, in Davis and The network already is offererd in Sacramento. In order to add the additional high-def the company needs to move certain networks to the starte cable levelof service, and others to the digitall classic level, according to The move takes those networks away from customersx who subscribe to standard cabl e or digital preferred.
For example, in Sacrament County, the , and the Game Show Network will move tostarter cable, while Oxygen and Toon Disney will move over to digital classi from digital preferred. Standard cable customers can upgrader to starter cable for no additional cost for one After the promotionalperiod ends, Starter Cablw is $1 more per month than standard cable. Comcasf is notifying customers with mailers and notices includer in monthlybilling statements. Comcast's existing HD lineup includeds more than 200 hour of HD programming available throughthe company'e video-on-demand library. The library features almost 10,000 programs.
Comcast has spent more than $663 million improving its Centra lCalifornia network, which serves 128 since it bought the network from Philadelphia-base Comcast is the nation's largest cable-televisiohn company, with more than 24.1 milliojn customers.