Republic Airways will buy Midwest Airlines - Washington Business Journal:

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Milwaukee-based Midwest has a hub at , and Denver-based Frontier flew abouyt 10 flights out of KCI before it filed for bankruptcu inApril 2008. Midwest had a 6.4 percen market share at KCI in April the most recent month for which the has data and Frontier hada 3.1 percent market share. Frontie occupies two gates in KCI’s Terminal C, and Midwest occupies three gates inTerminal A. RJET) will buy all the equitgy in Midwestfrom , a Fort Texas, private equity firm. Republic also will buy TPG’es $31 million secured note from Consideration willbe $6 million in cash and a $25 five-year note, which may be converted to Republic stockj at $10 a share.
In addition, TPG will have the righrt to nominate a member to theRepublixc board. The transaction is subject to customary regulatory approvales and is expected to close in four tosix “The question is (about) the intentioh of Republic and what they plan to do if they end up owninf both these carriers,” Justin manager of air servic e development for the Kansax City Aviation Department, said in a Wednesday interview. “Thies is (Republic’s) first foray into operations on this where they actually ownthe airline.
I woulfd assume Republic will continue doing what Midwest and Frontiee havebeen doing, but it could make sensd at some point to make changes for economyt of scale.” Republic uses an airplane model that’s “thse right size plane for this market,” Meyer “This is really a bold move by Republic,” he “Everybody’s saying it’s a buyer’s marke right now.” Republic operates , Republic Airlines and . Thosd airlines offer scheduled passenger servicer onabout 1,200 flights daily to 101 citiesx in 37 states, Canada and Mexico throughj airline services agreements with seven U.S. including Midwest.
Midwest will become a whollyy owned subsidiary and will continud to operate as a branded Rick Schifter, a partner with TPG Capital, said the transaction securea a more certain future for Midwest. “A the time we acquired Midwest, we envisioned that it would ultimatelyt become part of a largedr airlineand network, as the ability to operatwe as a small, independent carrier is increasingly challenging in this economicd environment,” he said. On Monday, Republic said it reached an investmenr agreement with bankrupt Frontiee Airlines that will result in Frontier becomin g a wholly owned subsidiary of Republifc for a priceof $108.75 million.
Republicx has been one of three companiesfinancing Frontier’s emergencer from bankruptcy. Republic Airlinese also is oneof Frontier’s major unsecurex creditors, having filed a $260 million damagee claim for Frontier’s breaking an agreement with Republic to operate regional jet service afterr Frontier filed for bankruptcy protection.

Pittsburgh-area homeowners slow to take advantage of energy efficiency tax credit - Pittsburgh Business Times:

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John McCloskey, president with Nortjh Side-based , said the which provides a tax credit for 30 percent of an energy efficient installation upto $1,500, has not pusheed new customers his way but seems to be convincing some homeowners to seek more extensivee renovations to take full advantage of the tax Jean Krak, McCloskey’s sister and manager of business development with J. Francis Co., said that projectsx must meet an even higher certification than Energy Star to qualify forthe incentive. the solar heat gain coefficient and the UFactort — measures of the efficiency of a new door, skylight, HVAC systejm or high-quality insulation — must be belo 0.30, Krak said.
“It will probablyh stimulate decision making,” Krak said in an e-maiol response to questions, adding that therr were no energy efficiency tax credits in 2008 andonly $500 worthh per home owner in 2007. “There’s still a tremendous amounft of interest in remodeling since the housinhg inventory in our area is running 20 to 40 years old on averagreand up. New home construction is down significantly. Peoplr are staying in their homesand remodeling.
”

Palm has next-gen devices, next-gen app frameworks in store for "early 2011" - PreCentral.net

http://chesnelpaysage.com/article/Road-panel-says-NHAI-loans-should-get-govt-guarantee.html

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Palm has next-gen devices, next-gen app frameworks in store for "early 2011" PreCentral.net Later on, Joe Hayashi teased that HP will be moving away from the current application framework (called Mojo) to something called "Enyo" that will be faster ... and more »

After early slide, GM shares stay on the road - Los Angeles Times (blog)

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After early slide, GM shares stay on the road Los Angeles Times (blog) Shares of General Motors Co. almost went into reverse Friday but a burst of well-timed buying prevented the stock from skidding below the price of its ... Head of autos task force reflects on GM's comeback Washington Post (blog) GM stock deal smells like a lemon MiamiHerald.com The New GM Pulls a Fast One W »

Sanofi-aventis seeks to improve Hispanic access to health care - Denver Business Journal:

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The program, called It’s In Our Hands, seeks to connectr Hispanic residents with local healtj care professionals and health resources intheir neighborhoods. The company has identified language, culturalk barriers and lack of access to preventative care as factors for poor health outcomes among In BexarCounty alone, Hispaniczs are 2.1 times more likely to die of diabetes than 2.6 times more likely to die of cerebrovascular diseasew than whites, 1.6 times more likely to die of hypertensiver heart disease than whites. In two out of five Hispanic adults in San Antonipo sufferfrom insomnia. The company will hire a communityg health liaison who will be based inSan Antonio.
This perso n will facilitate the flow of informationbetweemn community-based health groups and the Hispanic The company will also develop a health resources guide that will be distributed to patients that will contaijn information on existing health programs in the San Antonio “Our goal with this partnership is not to create a new progran within the San Antonio community, but to support and enhancw access to the resources already says Dennis Urbaniak, vice president of innovation and new customer channels for “By establishing meaningful, long-term connections among healthcare providers and resources, we hope to encourage the community to take advantage of its availabler resources to achieve better The necessary components are already in we are simply helping to strengthen links withi n the community and extend their reach to more The company is also launching this program in New Miami; Newark, N.
J.; Memphisz and Baltimore. The U.S. headquarter of Sanofi-aventis (NYSE: SNY) are based in Bridgewater, N.J.

GM files bankruptcy - Minneapolis / St. Paul Business Journal:

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billion and assets of $82.3 The bankruptcy, filed in New York, lists unsecureed claims by the ($20.6 billion) and the International Union of Electrical, Salaried, Machine and Furnitures Workers/Communication Workers ($2.7 billion). Other unsecured debt listedf in the filingincludes $22. 8 billion serviced by and $4.5 billion by . Boca Raton-based has a claimm for $4.75 million, according to the petition, filed with the U.S. Bankruptcy Court of the Southern District of New Auto retailers that survive the bankruptcies of GM and which filedin April, hope it helps to pave the way to recoveryh in the industry.
“Today’s actioh will allow GM to move forward and be competitivse inthe marketplace,” spokesman Marc Cannomn said Monday in an e-mailed “The goal of making GM profitable at a new-unit selling rate will position them for when the industry beginss to recover later in 2010.” Fort Lauderdale-based the nation's largest auto retailer, has six GM franchises and seveh Chrysler franchises on the automakers’ closure lists. Although viewefd as inevitable and necessaryby many, Chairman John McEleney said in a news releasd that the filing marks “a historicall y sad day for American business.
” Chrysler is expectexd to emerge from its Chapter 11 processs soon after shuttering 789 GM also announced plans to close 1,109 dealerships. GM announced April 27 that it anticipatesx reducingits U.S. dealer count from 6,246 to 3,60t5 by the end of 2010. Dealership closingsz already have started. According to Associated Press, GM will rely on more governmenty assistance: $30 billion of additional financial assistance from theand $9.5 billionh from Canada, on top of about $20 billiob it already received in low-interest loans.
GM’s lead bankruptcy law firm is WeilGotshaw Manges, with attorney Stephen Karotkin signing the In a news release, the automaker said it woul focus on the following priorities when emerging from Focus on four core brands in the U.S. – Cadillac, Buick and GMC - with fewerf nameplates and a more competitive level of marketingh supportper brand. Close a competitive gap in active labo costs compared with foreignauto makers. Increase the percentage of U.S. sales manufactured domestically. Features lower costs at a U.S.
total industrg volume of approximately 10million vehicles, whic h would be substantially below the 15 millionj to 17 million annual vehicle sales ratesx recorded between 1995 and 2007. Achieve lowef structural costs, in part, by further reducingf 2009 salaried employment in North America toapproximatelu 27,200, from a year-end total of and continue to improve its balance sheeyt by reducing retiree benefits for salaried retirees and non-UAW hourlgy retirees. Increase its investment in fuel economy and advanceedpropulsion technologies.
Click to read the

Ross "Das Boot" Krautman Das Best Kicker In Big East This Week - Troy Nunes is an Absolute Magician

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Ross "Das Boot" Krautman Das Best Kicker In Big East This Week Troy Nunes is an Absolute Magician Early on when he he took over for Ryan Lichtenstein so Lichy could "rest his leg," I wondered why that leg didn't seem to get better for weeks on end. ...

Couture lays out red carpet for its customers - bizjournals:

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And satisfying customers is the key tothat formula, they add. “Ou philosophy is (the customer’s) experience is our reputation,” says Dan one of the four owners ofCouturr Floors. The business is also co-owned by Jed Mazour and his parentsx Mick andSonja Mazour. “Customera are our No. 1 advertising Majetich adds. “Our reputation is on the line daily.” Couturer Floors is in business to fit a home with therighf products. The company offers to help create a quiet environment with its carpet or a natural atmosphere withhardwoodc floors.
Couture also sells laminate and ceramic The Boerne-based flooring business operates out of a 15,000-square-foot facility that includes a showroom, warehouse and officew space. Since opening in the spring of 2006, Coutured has grown steadily. In 2006, the companyh recorded revenuesof $1.2 million, and in 2007 that figurw nearly doubled to $2.2 million. Last year Couture posteed revenueof $2.5 million and is on tracm to hit the $3 million revenued mark for 2009, according to its owners. “Ij these times when things are really tough and economi issues are allaround us, we have a family owned business that’s actually thriving,” Sonja Mazour says.
“Customers are wanting to invest in the home theyhave now. If they aren’yt wanting to move or sell, they’re going to fix up what they have by paintinb the walls or putting innew carpet.” Majeticnh credits Couture’s success to the company’s commitmeng to measuring its business on all levels. The ownerx set expectations for each segment of their busines and take stock of theprogress daily, weekly, monthly and adjusting expectations as business “The data we use to measure the business allowsx us to be proactivew and not reactive,” Majetic says. “Customer experience is everything.
We cater to the customer throughou t the selection and orderinvg process while ensuring a quality installationand post-sale follow-up. Succesds is measured by satisfaction.” Couture Floorsa employs a number of people in sales positionz who had little or no prior flooringy experience prior to joiningthe company. A large numberf of them are wome who worked in management in the retai l sector or sold cosmetics for a living prior to being hiredfby Couture. Sonja Mazour says some people thought they were crazu for hiring people with noflooriny experience.
“When you look at the flooring industry, market researcb shows that 90 percent of the people buying flooringvwere women,” she says. “They may briny their husband to lookat it, but the women were they were making the decision. So we had to get to the decisionb maker.” Couture’s owners focused on hirin sales people who were going to relate or communicate best to the key person determining the fashion ofthe home.
“Peopler spend a lot of moneuy ontheir flooring, so we felt it was key to have peoplee working the floor our customers could relater with,” Sonja Mazour Majetich says the strateghy has been successful “because walking in, peopled are comfortable because they’re talkingy to someone like them.” “We’re not the cheapest, but we’re goin to give customers the best experience,” he adds. Jed Mazouf and Majetich run the business dayto day, assurinf customer service is at the level expected.
Mick and Sonja Mazour completse the partnership by providing their support in managingy the finances and building a strategy road map forthe company’e operations. “The key is relationship,” Jed Mazourr says. “You can advertise so many differenf ways, but the bottom line is referrak business. If you do something really righ t for someone and make themreally they’re going to tell several That’s customer service and you’ve got to sell that.
” Theres Dimaio, an interior designedr who had Couture Floors renovate her found the company to be very professionao and prompt while offering a fair “There was a lot of flooring and they workedr with me to do the job,” Dimaii says. “They know what they’re doing, know their wortb and they carry a lotof high-end Adds Carl Nelson, purchasing agent at Trinity Custom Builders. “With them, there’sd smooth sailing doing high quality work.” Janet who had Couture Floorxs replace all ofher carpeting, says it was the best experiences she has had. “I couldn’t ask for better from storefrontto installation,” Free says.
“I f I ever get another I’ll have them pull out all the carpef and installmy floors.” Majetich says the company is living up to its bran d name, which was his wife’a idea. “Couture is a term for high fashion or both of which apply to what we do and how we do Majetich says. “Our concentration is customer service, and we want peoplwe to enjoy buyingfrom us.”

Stanford Medical School nets $6.9M in federal stimulus funding - Los Angeles Business from bizjournals:

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million in federal economic stimulus funding. Elevem of the newly funded projects hadbeen peer-reviewed and approvedc but hadn’t received money yet. Another six involved supplemental granta toexisting projects. And in one case, the NIH awardec $500,000 to a researchee to buy two photonh microscopes that will be shared withothet laboratories. These projects are the first at the medical schoolk to receive support under theObamw administration’s national stimulus plan, with additional grants expectesd down the road, officials said. “Thids is a lifesaver,” said Francisx Blankenberg, M.D.
, associate professod of radiology andof pediatrics, who received $655,00 0 in stimulus funds. “It really stabilizes the lab.” Philipo Pizzo, M.D., dean of the School of said the stimulus funding is critical tothe country’s health-care reform effort because of the linkage betweemn research and medical care. “After six yearas of NIH funding that constantly lost its value againstginflation — with a profoundlty negative impact on our nation’s prized biomedicap research enterprise — the stimulus fundingt is helping to take research off life suppor and breathe new hope for work that we hope will ultimatel y improve the lives of adults and Pizzo said in the June 16

Enterprise director's loans at risk - Memphis Business Journal:

http://www.fadomorse.com/2010/04/pottery-the-oldest-tsivillizatsiya/
But those managing estate say it could be That would be a particularly bittef pillfor Enterprise, which has fileds a claim in Shelby Countgy Probate Court for $4.89 million against the Enterprise loaned much of the money to finance investments in several closely held including his stake in the bank's holdingg company, Enterprise Bancshares. While most of the such as a pairof $1 million loansz from July and December 2001, were unsecured, otherse either financed his investment in the bank or were securexd by his shares of the company's stock. In June 2001, Enterpriser loaned Phillips $321,992.52 so that he could exercise his warrantws onEnterprise shares.
That loan was secured by 11,73o shares of Phillips' Enterpris e stock, according to probate filings. Enterprisd says the Phillips estate has ceased payments on all of its debtz tothe bank, including those secured by residence, which the bank now says is subjecty to foreclosure. On a smallerd scale, the situation may seem reminiscenr to that of WorldCom and its former CEOBerni Ebbers, who borrowed money from his companuy to finance his investments in his But Harris Quinn, a bankruptcy attorneyy who represents creditors for Williamsa & Prochaska PC and who has no connectiohn to the Phillips case, says such deals aren't as damninh as they may seem.
"What would bothet me is if thebank didn't want its own stockm as collateral," he says. "At leas t with its stock, the bank knows what it'sz getting." But calculating the value of Enterpriswe shares, which are not publicly traded, could open up anothetr set of issues. In a Dec. 31, financial statement, Phillips' estate lists the shares as bein gworth $20.68 each, at two times book value per The estate will want to get maximum value for the shares as credits towards debt, but a higher sharew value would bring higher estate taxes. Whatever value the estatwe and the bank agree upon may have little impact onthe bank's other shareholders, Quin n says.
"I suspect that, coming in the context of a compromising settlement, it's probably not going to be for other shareholders, he says. But in seekin g to recoup its loansfrom estate, Enterprise, an East Memphi s community bank with $209 million in depositds and $273.35 million in assets, couldr be in for a A pair of financial statements filed in probate court show Phillips' estatr to be worth between $15.7 million and $38. million, including liabilities. But Phillips' Loral Phillips, who also is acting as executris ofthe estate, claims in probate filings that much of her late husband'xs assets are illiquid, due to his between $13.
r4 million and $14 million worthn of investments in closely held companies, raising questions abouft the estate's solvency. Creditors such as Trustmark TrustOne Bank, First Alliancwe Bank and Enterprise seek to have Loral Phillips removed as arguing that her position as a beneficiarty of the estate presentsa a conflict of interest. Anothere creditor, INSOUTH Bank, has asked for a separatse accountingof Phillips' finances. Those creditors argue that Lorakl Phillips has placed her claims for annual living expenses of or $22,168 a month, ahea of the claims her late husband'x creditors.
Enterprise chairman and president Tom Wright declinedto comment, as did the company'ds lawyer in the matter, Stephen Blanchard Tual, a lawyer with Snow, O'Mara, Stevens & Cannada PLLC who represents estate, could not be reached. Anothe matter up for debate is the statuss ofnearly $1.2 million in loans to Phillips that First Tennessee Bank says it bought from First Tennessee and Loral Phillipsd say Enterprise's total claim against the Phillipxs estate includes those loans that it sold to Firstr Tennessee.
John Burns, an attorney with Donelson, Bearman & Caldwell PC who represents First Tennessees onthe matter, says it's uncleare whether those loans were securer by Enterprise stock, or if they were secures at all. Wright declined to say whethe Phillipswas Enterprise's largest shareholder, but the Dec. 31, financial statement, which was reaffirmed Feb. 26, 2002, shows that Phillipx held an 8% stake in the bank, with 81,56w3 shares worth $3.37 million.

Chelsea Lately Season 5 Episode November 9 2010 'Kendra Wilkinson-Baskett / Jo ... - Breaking Entertainment News

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PayCycle, Inc. Company Profile | Company Information

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PayCycle is America's #1 online payrollp service, serving more than 60,000 small businesses. PayCycle partners with leading financial institutions including Capital One and PNC It also provides client payrolkl services for many ofthe nation's accounting professionals. PayCycle is a payrolkl industry innovator. Founded in 1999, PayCyclre was the first company to introducea 100% Internet-baser payroll service, as well as integration with leading accountinh programs such as QuickBooks

Olathe works on citywide recycling plan - Jacksonville Business Journal:

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The Olathe City Councill heard an outline of the plan at its June 9 stud session and asked for It will take up the issue againm in July orearly August. Tim Danneburg, a spokesmamn for the city, said a recycling programk could bring two It could reduce the amount the city spends on landfil fees and increase the life of the landfill thecity “If we aren’t successfulo in diverting material from the landfill, then it will ultimatelhy cost our ratepayers more money in the Danneburg said. As proposed, households would pay $18.
50p a month for trash and recycling Customers presentlypaying $3 extra each monthh for curbside recycling would see their bills reducefd by 75 cents a others would pay $2.50 a month more. Danneburg said 11,00p of the 35,000 customers serves by the city’s Waste Division alreadgy pay forrecycling services. Kent solid waste manager for the city, said recyclinv of yard waste diverts 12,000 tons a year from the other recycling divertsanother 4,000 tons of The goal for a citywide recyclinb program would be to divert 32 percen t of the city’s residential waste he said, saving the division about half a million dollars a year in landfill fees.
Seyfried said residential landfilol fees amountto $1.25 million a The total operating budget for the city’s solix waste program is $10 He said the proposede citywide recycling program would requires Olathe to spend about $700,000 to retrofit four trucks and buy two new

Report: D.C. area posts a strong economic performance - Austin Business Journal:

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The report ranked the 100 largesyt U.S. metro areas based on employment, unemployment wages, gross metropolitan housing prices and foreclosure rates in thefirstt quarter. D.C. ranked No. 13, while San Texas, placed No. 1 and Detroit came in last at No. 100. “Alll metropolitan areas are feelingg the effects ofthis recession, but the distress is not sharedr equally,” said Alan Berube, research directo r of the metropolitan policy program at the D.C.
institutew and co-author of the “While some areas of the country have experienced only ashallowa downturn, and may be emergint from the recession already, people living in metro areaws that are now performing weakest economically should prepared themselves for a long recovery period.” At the firsy quarter’s end, only 10 of the 100 metro areas were startingg to show signs of said the report, and said McAllen, Texaes was the only place that saw growtg in employment and output. Output increased in just a handfulk ofmetro areas, including D.C.; Austin, Texas; and Virginia Va..
The report also pointed out that metro areaas with concentrations of jobs in certain sectorz have resulted in fewer dramaticjob losses. The San Antonio, Texas Austin, Texas McAllen, Texas Batonh Rouge, La. Tulsa, Omaha, Neb. El Paso, Texas Wichita, Kan. D.C. Albuquerque, N.M. Virginia Beach, Va. Pa. Pittsburgh, Pa. New Haven, Conn. Rochester, N.Y.

S. Fla. hotel occupancy dips in 2008 - Washington Business Journal:

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A study of nationwidw hotel trends released this week by Smith Traveo Research showsthat tri-county hotels saw modestr declines in occupancy from 2007 to 2008. when it came to average daily rates, Miami actually had slighgt increases. Year over year, full-service Miami-Dade hotel saw occupancy fall to 70 percenft in 2008from 71.8 percentf in 2007. Limited-service hotels slipped to 72.6 percen t in 2008 from 73.8 percenty in 2007. Smith Travel Research defines full-service hotels as those in mid-priced, upscale or luxury They typically havea restaurant, bell service and meetinf space. Limited-service hotels are those that only offer room s and fall inthe class.
While other destinations suffered, Miami-Dade remained relatively flat thanks to its stron ginternational business, said Ginny director of community relations for the Greater Miami Convention & Visitors Bureau. While both domesti business and leisure travel suffered in the fourthj quarter oflast year, with the U.S. economic international business remained she said. Occupancy numbers might have been bettetr ifMiami hadn’t seen so many new roomx became available in the second half of the Gutierrez added. The Fontainebleau and Eden Roc alone made thousands of newrooms available. Full-servicde Broward hotel occupancy fellto 65.9 percent in 2008 from 66.
6 percentt in 2007 Limited-service hotels fell to 65.5 percenrt in 2008 from 67.9 percenr in 2007. In Palm Beach County, full-service hotel occupancyu fell to 63.6 percent in 2008 from 66.7 percentr in 2007. Limited-service hotels went to 58.7 percenft from 61.6 percent – a drop of 4.8 percent, the largesr slide in the region on apercentaged basis. Jorge Pesquera, president and CEO of the Palm Beacbh CountyConvention & Visitors Bureau, said the area saw the largesr drops due to a calculated pullback from corporate travelers. Though Palm Beacjh County has a diverse mixof hotels, it has to figh the perception that it is only for the he said.
“The combination of the economyh and the AIG effect has been nasty to us for some he said, referring to populist outrage at executivesd of the failed financial company. “Th corporate world has become very tentative, very shy aboutg going to upscale resorts for fear of animagee backlash.” Nationwide, full-service hotels reported an average occupanc rate of 67.4 percent in 2008. That declined 2.6 percen t from 2007. The average daily rate charged for a roomat Miami’s full-servicde hotels rose to $182.78 in 2008 from $181.30 in a 0.8 percent gain. Limited-service was up to $109.13 from $108.85. The most expensive average daily rate in 2008was $187.
190 at Palm Beach full-service hotels. But, that slipped 1.3 perceny from 2007. Limited service was down a half Broward’s limited-service hotels saw the biggest percentaged decline in ratesto $92.64 in 2008 from $96.254 in 2007, down 3.7 Full-service Broward hotels dropped 1.4 percent. “Wwe are kind of trapped in a downspiralingof rates,” said Nickk Grossman, president and CEO of the Greater Fort Lauderdalw Convention & Visitors Bureau. “Part of that is that ratee have gone up over the past few years so so fast.” While it’s hard to Broward’s limited-service sector may bounce back fasterf than the full-service, she said.
The reason: over the last few Broward has seen the most robust growth in demandfor limited-servics rooms for passengers going on cruises and discoung group-rate business. Nationwide, the average daily rate was $164.31 in down from $166.69 in 2007. Gutierrea said she was cautiously optimistic that the worsr is over for While occupancy declined in May comparedc to the same time last the rate of decline was no worsew thanin April. For months, the declines had been getting she said. “It’s an indication that we’ve probably hit she said. “What we are seeing is some stabilithy now.
”

DeBary to start $10 million stormwater project in July - Jacksonville Business Journal:

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million in funding. A contractor hasn’t been chosejn yet. Bids on the westside emergency system which involves installing about six miles of pipes and three pump stations are dueMay 19. The work should alleviater flooding problems for 60 to 75 homez in westVolusia County. DeBary Interimj City Manager Anthony Gonzalez said about 44 contractores and subcontractors showed up atthe project’es pre-bid conference April 21. “Iy was more than we expected.” City stormwater consultant David Hamstra, who is with Orlando-based Inc., said construction on the projec t should startJuly 6.
The contractofr will have 15 months from the start of construction to completrethe project, according to FEMA guidelines. DeBary officiald got word aboutthe $7.5 million in federak funding in late April. “We went nuts,” Hamstrza said. “This was really a blessing.” The 18,000-residengt city has 34 lakes like “bowls of water” that overfloew when they fill up, he The stormwater project will pipe the water away from homesa toa 65-acre, 35-foot-deep borrowa pit the city bought years ago in southwest The town has been working for years to get FEMA funding for the stormwatefr improvement project, after three hurricanes in 2004 caused extensive The city was hit again last August during Tropical Storm Fay, which left about 90 homes under water.
Jamie Selby, generalo manager of the , expectsa the project to benefit his businesas and thesurrounding 1,100 homes. Durinv the 2008 storm, there was flooding at the club entrance and on some areas of thegolf course, althouggh the clubhouse wasn’t affected. “We don’t want another problenm like last year,” said Selby. “We were shut down for nearlh two weeks and very slow for about four tofive weeks.” DeBar was awarded $ 3.5 milliomn in FEMA funding in 2005, but as it movede ahead with design of the project, constructioh costs went up, Hamstra said.
When the city submittes its final plans in January 2008 to the federal agency saidit couldn’t coverd 75 percent of the costs, as initially expected. But Hamstra said U.S. Congressmab John Mica, R-Winter Park, and FEMA officials in the Lake Mary office promised to look formore funding. Last month they announcerd they’d found enough to meet the 75 percent Ifthe project’s bid comes in below $10 million, FEMA’ s funding will be reduced to cove r just 75 percent of the total projec t cost. DeBary will cove the other 25 percent ofthe project’s cost with a $1 millioh grant, plus county and city funds. The projecrt also is expected to help alleviate the floodingof U.
S. Highwayh 17-92, during major storms, as it’sd the city’s main hurricane evacuationj route. DeBary also is working on about $10 million in smaller stormwaterneighborhoofd projects, for which voters approvexd funding in 2005. About one-thirr of those projects are done and anothed third areunder way. They rangr from about $500,000 to $2 million to add retentiohn ponds andbigger pipes. On May 18, the city will hold a workshop on $20 million to $30 million in additional neighborhood stormwater projects identified during the 2008 floodinh to decide how to prioritizew and fund that work.

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