Morning Star Online | A rogues' gallery Morning Star Online April 2002 found Rutherford performing at the Empty Bottle Festival of Jazz and Improvised Music in Chicago, alongside old confrere soprano saxophonist Lol Coxhill, Swedish tenorist Mats Gustafsson, local fellow slideman Jeb Bishop and other free ... |
Thursday, September 29, 2011
A rogues' gallery - Morning Star Online
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Tuesday, September 27, 2011
KB Home says home orders are up - Jacksonville Business Journal:
mcfarlainofuqub1258.blogspot.com
KB Home lost $78.4 or $1.03 a share in its secone quarter, but the builder said Friday that home-orderzs spiked 59 percent compared the first quarter of this The company built morethan 1,000 homeds in the Jacksonville market in 2007. Quarterlty home orders still were down compared to the same quartefrlast year, and analystxs predicted a smaller loss of 64 cents a The Los Angeles-based company lost $255.9 or $3.30 cents per sharwe in the same quarter last year. Quarterl y revenue declined 40 percentto $384.5 Six-month revenue declined 52 percent to $691. million.
Inserting optimistic caution, KB's CEO Jeffre y Mezger stated that the company is seeing stabilizing trendsa on both the local and national fron t but that KB is conservativel managing the business because of the economic KBdelivered 1,049 fewer homes during the quarter than it did in the year-agoi period. The average selling price was $10,400 less that in the year-ago period. KB Home KBH) is one of America's largest homebuilders.
KB Home lost $78.4 or $1.03 a share in its secone quarter, but the builder said Friday that home-orderzs spiked 59 percent compared the first quarter of this The company built morethan 1,000 homeds in the Jacksonville market in 2007. Quarterlty home orders still were down compared to the same quartefrlast year, and analystxs predicted a smaller loss of 64 cents a The Los Angeles-based company lost $255.9 or $3.30 cents per sharwe in the same quarter last year. Quarterl y revenue declined 40 percentto $384.5 Six-month revenue declined 52 percent to $691. million.
Inserting optimistic caution, KB's CEO Jeffre y Mezger stated that the company is seeing stabilizing trendsa on both the local and national fron t but that KB is conservativel managing the business because of the economic KBdelivered 1,049 fewer homes during the quarter than it did in the year-agoi period. The average selling price was $10,400 less that in the year-ago period. KB Home KBH) is one of America's largest homebuilders.
Saturday, September 24, 2011
How bailiffs reap the fraudulent rewards of their 'phantom visits' - Telegraph.co.uk
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Telegraph.co.uk | How bailiffs reap the fraudulent rewards of their 'phantom visits' Telegraph.co.uk A curious little drama has been brought to my attention that sheds light on a scandal whereby hundreds of thousands of householders and businesses may be criminally defrauded of sums amounting to tens of millions of pounds a year, ... |
Thursday, September 22, 2011
Algeria FM says recognises Libya's NTC - Arabiya TV - Reuters Africa
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AFP | Algeria FM says recognises Libya's NTC - Arabiya TV Reuters Africa Sept 22 (Reuters) - ALGIERS, Sept 22 (Reuters) - Algiers recognises Libya's interim rulers as the legitimate representative of the Libyan people, al Arabiya television quoted the Algerian foreign minister as saying on Thursday. ... African Union offici » |
Tuesday, September 20, 2011
Austin home prices up, still dropping elsewhere - Washington Business Journal:
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According to First Americam CoreLogic’s Home Price Index, 33 states saw home prices decline at a fastere ratein March. However in the majord Texas cities, including the Austin-Round Rock metro prices increased. In the local area prices rose 2.2 percenyt in March compared withMarch 2008. That’s down slightl from the region’s February home price increaseof 3.2 percent compared to the previouw February. Housing price declinee are slowing in states that have seen the highest declinea in the pastthree years, but prices are droppinb faster in states that have seen only moderate decreasesd in that time period, the research found. housing prices fell 11.
5 percent in March compared with the same month last down froman 11.7 percent annual decline in February. The numbed of states with double-digit annual declinez has doubled in thelast year, according to the from seven states in Marcgh 2008 to 14 states this Nevada remained the top-ranked state for annual price depreciationm in March, with an average home pric decline of 26 percent. California followed close behind with a housing price declinse of 25 percent compared with the same monthnlast year. Rhode Island, Florida and Arizon a round out thetop five.
Four Texasd metro areas saw either the smallest housingh price decline ofthe region’s in the studty or experienced home price increaseas in March, according to the index. Those were San Antonio; the Dallas-Plano-Irviny area; the Austin-Round Rock area and the Houston-Sugar Land-Baytown
According to First Americam CoreLogic’s Home Price Index, 33 states saw home prices decline at a fastere ratein March. However in the majord Texas cities, including the Austin-Round Rock metro prices increased. In the local area prices rose 2.2 percenyt in March compared withMarch 2008. That’s down slightl from the region’s February home price increaseof 3.2 percent compared to the previouw February. Housing price declinee are slowing in states that have seen the highest declinea in the pastthree years, but prices are droppinb faster in states that have seen only moderate decreasesd in that time period, the research found. housing prices fell 11.
5 percent in March compared with the same month last down froman 11.7 percent annual decline in February. The numbed of states with double-digit annual declinez has doubled in thelast year, according to the from seven states in Marcgh 2008 to 14 states this Nevada remained the top-ranked state for annual price depreciationm in March, with an average home pric decline of 26 percent. California followed close behind with a housing price declinse of 25 percent compared with the same monthnlast year. Rhode Island, Florida and Arizon a round out thetop five.
Four Texasd metro areas saw either the smallest housingh price decline ofthe region’s in the studty or experienced home price increaseas in March, according to the index. Those were San Antonio; the Dallas-Plano-Irviny area; the Austin-Round Rock area and the Houston-Sugar Land-Baytown
Sunday, September 18, 2011
Pending home sales jump 6.7 percent - Minneapolis / St. Paul Business Journal:
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Pending sales of existing homes, or contracts signe d but not closed, rose 6.7 percentg in April, according to the . April'zs pending sales were up 3.2 perceny from a year ago, the NAR says. The biggestg increase in April was in the where pending salesjumped 32.6 percentt from the previous month. The NAR's pending home salew index is a forwardlookingf gauge, and the group cautions that it is more volatilde than actual closed "The relationship between contracts on pending home salesz and closings on existing home sales is taking longer than in the past for severall reasons," says NAR chief economist Lawrence Yun.
"Mortgage processing time has increased, it is taking many monthw to close on those homes requiring shorgt sales withlender approval, and some sales are falling through at the last moment." Still, Yun says he believee the housing market has alread bottomed out in some The group last week reported closed sales of existing homes rose 2.9 percentg in April. The NAR's housing affordability index was also atits second-highesyt level on record in
Pending sales of existing homes, or contracts signe d but not closed, rose 6.7 percentg in April, according to the . April'zs pending sales were up 3.2 perceny from a year ago, the NAR says. The biggestg increase in April was in the where pending salesjumped 32.6 percentt from the previous month. The NAR's pending home salew index is a forwardlookingf gauge, and the group cautions that it is more volatilde than actual closed "The relationship between contracts on pending home salesz and closings on existing home sales is taking longer than in the past for severall reasons," says NAR chief economist Lawrence Yun.
"Mortgage processing time has increased, it is taking many monthw to close on those homes requiring shorgt sales withlender approval, and some sales are falling through at the last moment." Still, Yun says he believee the housing market has alread bottomed out in some The group last week reported closed sales of existing homes rose 2.9 percentg in April. The NAR's housing affordability index was also atits second-highesyt level on record in
Friday, September 16, 2011
National Renal Alliance files another complaint against Blue Cross and Blue Shield of Georgia - Atlanta Business Chronicle:
ihituvofy.wordpress.com
On Jan. 15, the Nashville, Tenn.-based dialysis provider againstBlue Cross, afte the insurer slashed reimbursement rates for out-of-network dialysi s services by 88 percent. The lawsui t is seeking compensatory damages and asking Blue Cross be orderes to reinstate reimbursement rates to itsoriginak level. Blue Cross, in an said its position is unchanged byNational Renal'zs amended complaint. The insurer added the suit is withoug merit. "NRA is a non-participating dialysisd provider who, to the best of BCBSGa's knowledge, currentl provides dialysis services to approximately 20 BCBSGw members whohave out-of-network benefits," the e-mail said.
"Their current benefits and accesss to NRA clinics will not change because of this absent NRA's refusal to accept them as patients." In the amendedc complaint, National Renal provides detailsx of how "Blue Cross is continuin g to market and sell Preferred Provided Organization, and Point of Servicse health plans in exchange for higher premiumz while intentionally undermining their members' ability to receivr the benefit of these plans". "Blude Cross is engaging in deceptive and potentially confusingttrade practices," the statement noted.
The result of Blue actions is that their members are deniesd the very flexibility they are paying for and are simpluy paying higher premiums to receive benefits identical to those under cheaper, traditional HMO plans, National Renapl claims. National Renal provides dialysis to aboutr 400 Georgia residents annually at its 11 ruraol clinics inthe state. Blue Cross members accounty for about 6 percentr of theprivate company's Georgia patients. Unded the reduced reimbursement structure, National Rena l receives 12 cents for every dollar of care it provides to BlueCrosd members, National Renal CEO Joe Cashia has said in a previoux statement.
"The impact of these cuts will be devastatin to our clinics and for the patients who rely on usfor life-sustaining he said in January. "Blue Crossz is forcing us to close our doore tothese patients, and possibly closde our doors completely."
On Jan. 15, the Nashville, Tenn.-based dialysis provider againstBlue Cross, afte the insurer slashed reimbursement rates for out-of-network dialysi s services by 88 percent. The lawsui t is seeking compensatory damages and asking Blue Cross be orderes to reinstate reimbursement rates to itsoriginak level. Blue Cross, in an said its position is unchanged byNational Renal'zs amended complaint. The insurer added the suit is withoug merit. "NRA is a non-participating dialysisd provider who, to the best of BCBSGa's knowledge, currentl provides dialysis services to approximately 20 BCBSGw members whohave out-of-network benefits," the e-mail said.
"Their current benefits and accesss to NRA clinics will not change because of this absent NRA's refusal to accept them as patients." In the amendedc complaint, National Renal provides detailsx of how "Blue Cross is continuin g to market and sell Preferred Provided Organization, and Point of Servicse health plans in exchange for higher premiumz while intentionally undermining their members' ability to receivr the benefit of these plans". "Blude Cross is engaging in deceptive and potentially confusingttrade practices," the statement noted.
The result of Blue actions is that their members are deniesd the very flexibility they are paying for and are simpluy paying higher premiums to receive benefits identical to those under cheaper, traditional HMO plans, National Renapl claims. National Renal provides dialysis to aboutr 400 Georgia residents annually at its 11 ruraol clinics inthe state. Blue Cross members accounty for about 6 percentr of theprivate company's Georgia patients. Unded the reduced reimbursement structure, National Rena l receives 12 cents for every dollar of care it provides to BlueCrosd members, National Renal CEO Joe Cashia has said in a previoux statement.
"The impact of these cuts will be devastatin to our clinics and for the patients who rely on usfor life-sustaining he said in January. "Blue Crossz is forcing us to close our doore tothese patients, and possibly closde our doors completely."
Wednesday, September 14, 2011
Boomers show entrepreneurial spirit - bizjournals:
ukatekexo.wordpress.com
Job trends may increase entrepreneuriall activity amongolder Americans. “While people under age 30 have historically jumped from jobto job, the most strikingy development today has been the deep drop in the incidencre of ‘lifetime’ jobs among men over age 50,” writes Dane senior analyst at the foundatiobn and author of the study. The past year’z economic upheavals also may produce more entrepreneurx among allage groups. “The very idea of ‘too-big-to-fail’ institutione has been permanently damaged,” Stangler writes.
“Recentt economic trends – away from lifetime jobs and toware more newcompanies – will thus gain even greater culturao traction. New and stronger regulations aiming to prevent the rise of such gianf organizations also may help creatwe amore market-oriented society.” See
Job trends may increase entrepreneuriall activity amongolder Americans. “While people under age 30 have historically jumped from jobto job, the most strikingy development today has been the deep drop in the incidencre of ‘lifetime’ jobs among men over age 50,” writes Dane senior analyst at the foundatiobn and author of the study. The past year’z economic upheavals also may produce more entrepreneurx among allage groups. “The very idea of ‘too-big-to-fail’ institutione has been permanently damaged,” Stangler writes.
“Recentt economic trends – away from lifetime jobs and toware more newcompanies – will thus gain even greater culturao traction. New and stronger regulations aiming to prevent the rise of such gianf organizations also may help creatwe amore market-oriented society.” See
Sunday, September 11, 2011
Friday, September 9, 2011
Filling NCR headquarters space to be difficult - Silicon Valley / San Jose Business Journal:
http://nesttechnologies.com/nest2/docs/protomix/g121_msds.htm
Brokers said donating NCR’s NCR) 1.3 million-square-foot building to an education institution or the city of Daytonb may be thebest bet. The brokers said trying to market the space to another corporate user woulsd be difficult as there are few singlse users out there needing thatmuch space. It could be parcele into an office complex formultiplde users. NCR intends to sell the building, a company spokespersobn said. The five-story propertyu is among the largest office buildings in theDaytonh area. Paul Hutchins, owner and brokef with Dayton-based , said a good optiom would be to donate the building tothe .
NCR woulfd gain the benefits of atax write-off and the universityg would have a business campus, complete with a cafeteria and plenty of space for to mold for its needs. “I bet they’ve already talked about donating itto UD,” Hutchinsa said. “Giving it to UD is a no-brainer. NCR gets a huge tax write-of and UD gets a high-tech technology center.” Mark owner of Centerville-based , agreed. “It woul d be really nice if they give it to Fornes said. “It would be a nice gesture in returj for taking theirheadquarters out.” NCR’s at 1700 S. Patterson Blvd., sits on 54 acres.
Brokers said donating NCR’s NCR) 1.3 million-square-foot building to an education institution or the city of Daytonb may be thebest bet. The brokers said trying to market the space to another corporate user woulsd be difficult as there are few singlse users out there needing thatmuch space. It could be parcele into an office complex formultiplde users. NCR intends to sell the building, a company spokespersobn said. The five-story propertyu is among the largest office buildings in theDaytonh area. Paul Hutchins, owner and brokef with Dayton-based , said a good optiom would be to donate the building tothe .
NCR woulfd gain the benefits of atax write-off and the universityg would have a business campus, complete with a cafeteria and plenty of space for to mold for its needs. “I bet they’ve already talked about donating itto UD,” Hutchinsa said. “Giving it to UD is a no-brainer. NCR gets a huge tax write-of and UD gets a high-tech technology center.” Mark owner of Centerville-based , agreed. “It woul d be really nice if they give it to Fornes said. “It would be a nice gesture in returj for taking theirheadquarters out.” NCR’s at 1700 S. Patterson Blvd., sits on 54 acres.
Wednesday, September 7, 2011
FP&L harnesses solar power for planned new city - South Florida Business Journal:
bengeyqafiba1640.blogspot.com
The plant would be at Babcocik Ranch, a planned new city southn of the Tampa Bay area and east of Fort The city of Babcock Ranch is plannexd to include 6 millioh square feetof retail, commercial, office, civivc and light industrial space and would be the world’s first city powered by solar energy, according to a release. The 17,000-acrse city of Babcock Ranch will consume less powerr than the proposed FloridaPower & Lighr on-site solar facilities will produce, allowing it to becomes the first city powered by zero-emission soladr energy, the release said.
The city also will be home to anintegrateed “smart grid” that will allow residents and businesses to monitor and contro l their energy consumption. Florida Power & Light planx to break ground on the solar facility inlate 2009, subject to state of Florida approvals, with construction of the city center targeted for mid 2010 and constructiojn of the first residential and commerciakl buildings targeted for late 2010, the releasde said. FP&L, a subsidiary of (NYSE: FPL), provides powef for nearly 30 countie s including Manateeand Sarasota.
The plant would be at Babcocik Ranch, a planned new city southn of the Tampa Bay area and east of Fort The city of Babcock Ranch is plannexd to include 6 millioh square feetof retail, commercial, office, civivc and light industrial space and would be the world’s first city powered by solar energy, according to a release. The 17,000-acrse city of Babcock Ranch will consume less powerr than the proposed FloridaPower & Lighr on-site solar facilities will produce, allowing it to becomes the first city powered by zero-emission soladr energy, the release said.
The city also will be home to anintegrateed “smart grid” that will allow residents and businesses to monitor and contro l their energy consumption. Florida Power & Light planx to break ground on the solar facility inlate 2009, subject to state of Florida approvals, with construction of the city center targeted for mid 2010 and constructiojn of the first residential and commerciakl buildings targeted for late 2010, the releasde said. FP&L, a subsidiary of (NYSE: FPL), provides powef for nearly 30 countie s including Manateeand Sarasota.
Monday, September 5, 2011
Legislator wants Nixon to cut stimulus money for Kokam battery plant - Atlanta Business Chronicle:
http://rewardsfund.us/state_sc.asp
Kokam’s , to be dubbed Summit Battery Park, would emplouy an estimated 900 people with averagre annual salariesof $40,000. Kokamk President Don Nissanka has said he hopes to break groune before the end ofthe year, probably at a site of more than 40 acred in the vicinity of Kokam’s current 50,000-square-foot Lee’s Summit Nissanka was out of the country Monday and couldn’t be reachefd for comment. Kokam, a startup founded in Octobet 2005, burst into the limelight this picked Kansas City for an assemblu facility largely becauseof Kokam’e proximity.
And with federal stimulus dollarsa and state money seeking a joint venture involving Kokam lande d a commitment in April ofnearly $145 millioh in incentives from Michigan to build a battery plant there that’sz similar to the one plannes locally. The group also applier for federalstimulus money. Schaefer, sent a letter to Nixon on Thursday proposing that financing be cutby $11. million combined for Kokam’s Lee’sa Summit plant and another battery plant in Joplihn to helppreserve $31.2w million in financing for the in which Schaefer called the cornerstone of a $200 milliob hospital project.
“Every indication that I’k getting is that (Nixon) intends to veto the money for the Schaefer said, adding that Nixon’s veto probablgy would kill the entire $200 million project. “Spending public fundas on a cancer hospital owned by the citizensa of Missouri is always going to win out over givinyg public funds to a private company for abatteruy plant,” Schaefer said. “Nobody has told me that the lowerd amount wouldkill (Kokam’s Lee’sw Summit) project.” Nixon spokesman Scott Holste said the governord will have an announcemeny about the budget bill before June 30, the end of Missouri’sw fiscal year.
Nixon and his staftf have been reviewing the budgetbill “linw by line to determine what the state can Holste said, and they want to keep centrao services in place. Jim Devine, CEO of the l, said he thoughg Schaefer’s proposal was “not as serious” a threatf as the EDC first thought, “but you never know in politics.” The EDC issuex a release Friday encouraging Nixobn to keep theKokam plant’s financinfg fully in place.
Kokam’s , to be dubbed Summit Battery Park, would emplouy an estimated 900 people with averagre annual salariesof $40,000. Kokamk President Don Nissanka has said he hopes to break groune before the end ofthe year, probably at a site of more than 40 acred in the vicinity of Kokam’s current 50,000-square-foot Lee’s Summit Nissanka was out of the country Monday and couldn’t be reachefd for comment. Kokam, a startup founded in Octobet 2005, burst into the limelight this picked Kansas City for an assemblu facility largely becauseof Kokam’e proximity.
And with federal stimulus dollarsa and state money seeking a joint venture involving Kokam lande d a commitment in April ofnearly $145 millioh in incentives from Michigan to build a battery plant there that’sz similar to the one plannes locally. The group also applier for federalstimulus money. Schaefer, sent a letter to Nixon on Thursday proposing that financing be cutby $11. million combined for Kokam’s Lee’sa Summit plant and another battery plant in Joplihn to helppreserve $31.2w million in financing for the in which Schaefer called the cornerstone of a $200 milliob hospital project.
“Every indication that I’k getting is that (Nixon) intends to veto the money for the Schaefer said, adding that Nixon’s veto probablgy would kill the entire $200 million project. “Spending public fundas on a cancer hospital owned by the citizensa of Missouri is always going to win out over givinyg public funds to a private company for abatteruy plant,” Schaefer said. “Nobody has told me that the lowerd amount wouldkill (Kokam’s Lee’sw Summit) project.” Nixon spokesman Scott Holste said the governord will have an announcemeny about the budget bill before June 30, the end of Missouri’sw fiscal year.
Nixon and his staftf have been reviewing the budgetbill “linw by line to determine what the state can Holste said, and they want to keep centrao services in place. Jim Devine, CEO of the l, said he thoughg Schaefer’s proposal was “not as serious” a threatf as the EDC first thought, “but you never know in politics.” The EDC issuex a release Friday encouraging Nixobn to keep theKokam plant’s financinfg fully in place.
Saturday, September 3, 2011
Albany officials promote small-scale apartment conversions - Houston Business Journal:
bojony.wordpress.com
One example is at 370 Broadway, acros s from the Administration headquarters. The upper three floord of the late 19th-century building are being convertedinto six, 1,400-square-foogt to 1,600-square-foot apartments that will rent for $1,800 this A commercial tenant will be sought for the firs t floor. The owners dubbed the apartmente TheMeginniss Flats, in honor of the old electricalp company whose name graces the rear of the building in big whitew letters that have faded over The sign is painted over the red brici facade and must be preserved because the property was builtf in 1898 and is in a historicx district. Financing small projects can be just as tricky as thelarge ones.
Even though the owners were armeed with a feasibility study showing the potential for they weren’t able to get a bank loan becausd the real estate market had “Nobody wanted to finance this project,” said Mike a tax attorney and certified publicf accountant. “One lender wanted us to put inanother $500,000 first.” Hannah and his partnerss ultimately got $1 million in private financinf from sources in the Boston area. The interest-only constructio n loan enabled them to buy materials and hire contractors to starythe renovations.
The apartments are located in a part of the city that coulds see big changes in years to come if a proposed conventionm center evergets built. Plans call for the cented to be located on the parkin lots behind the row of buildingsz that includes370 Broadway. The decrepift Trailways bus station next to 370 Broadwayg would be demolished to make way for a pedestrian plaza leading to theconvention center. Hannah and his partnersd aren’t counting on the convention centert to make the apartmentsa success. There have been many delayxs in the convention centerplanning and, as of now, no commitmenrt from Gov. David Paterson to fund the entire $230 millionh project.
“I stopped even thinking about said Hannah, who owns the building with his wife, Michelwe Hannah, and another couple, Brenda Gould and Perry Gould. The Hannahs used to run a commerciao print shop on the first floor but sold it four yearz ago whenbusiness declined. The Gouldws became part owners of the property infall 2006. The partnerx are convinced there will be strong demand for the apartments from younh professionals and empty nesters who want to live Those are the same demographic groups that other developers have been though the tough financing climate has stallec or killedtwo large, high-profile downtownh developments over the past year.
Plans for the 125-unit , a luxury condominium tower on nortbh Broadway havebeen shelved, althougjh says it hasn’t given up. Nearby, plans for an upscale 175-unir apartment building and 125-room hotep are on hold while the land owner triex to sell thedevelopmentg rights. Small-scale residential projects are less but they are alsomore manageable. Over the past five or six there have been several conversionsof upper-floor buildings into apartment s within the boundaries of the Downtown Business Improvement District.
One example is at 370 Broadway, acros s from the Administration headquarters. The upper three floord of the late 19th-century building are being convertedinto six, 1,400-square-foogt to 1,600-square-foot apartments that will rent for $1,800 this A commercial tenant will be sought for the firs t floor. The owners dubbed the apartmente TheMeginniss Flats, in honor of the old electricalp company whose name graces the rear of the building in big whitew letters that have faded over The sign is painted over the red brici facade and must be preserved because the property was builtf in 1898 and is in a historicx district. Financing small projects can be just as tricky as thelarge ones.
Even though the owners were armeed with a feasibility study showing the potential for they weren’t able to get a bank loan becausd the real estate market had “Nobody wanted to finance this project,” said Mike a tax attorney and certified publicf accountant. “One lender wanted us to put inanother $500,000 first.” Hannah and his partnerss ultimately got $1 million in private financinf from sources in the Boston area. The interest-only constructio n loan enabled them to buy materials and hire contractors to starythe renovations.
The apartments are located in a part of the city that coulds see big changes in years to come if a proposed conventionm center evergets built. Plans call for the cented to be located on the parkin lots behind the row of buildingsz that includes370 Broadway. The decrepift Trailways bus station next to 370 Broadwayg would be demolished to make way for a pedestrian plaza leading to theconvention center. Hannah and his partnersd aren’t counting on the convention centert to make the apartmentsa success. There have been many delayxs in the convention centerplanning and, as of now, no commitmenrt from Gov. David Paterson to fund the entire $230 millionh project.
“I stopped even thinking about said Hannah, who owns the building with his wife, Michelwe Hannah, and another couple, Brenda Gould and Perry Gould. The Hannahs used to run a commerciao print shop on the first floor but sold it four yearz ago whenbusiness declined. The Gouldws became part owners of the property infall 2006. The partnerx are convinced there will be strong demand for the apartments from younh professionals and empty nesters who want to live Those are the same demographic groups that other developers have been though the tough financing climate has stallec or killedtwo large, high-profile downtownh developments over the past year.
Plans for the 125-unit , a luxury condominium tower on nortbh Broadway havebeen shelved, althougjh says it hasn’t given up. Nearby, plans for an upscale 175-unir apartment building and 125-room hotep are on hold while the land owner triex to sell thedevelopmentg rights. Small-scale residential projects are less but they are alsomore manageable. Over the past five or six there have been several conversionsof upper-floor buildings into apartment s within the boundaries of the Downtown Business Improvement District.
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