Archives: 上海后花园

Court Clarifies ‘Single-Satisfaction Rule’ After Mortgage Lien Avoidance

May 31, 2021 | By admin | No Comments | Filed in: fofabvlic.

first_img Servicers Navigate the Post-Pandemic World 2 days ago Court Clarifies ‘Single-Satisfaction Rule’ After Mortgage Lien Avoidance in Daily Dose, Featured, News  Print This Post February 25, 2020 822 Views Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Subscribe Previous: The Housing and Economic Impact of Coronavirus Next: NMSA and HUD Work to Improve CWCOT Program Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Tagged with: Bankruptcy Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days agocenter_img Bankruptcy 2020-02-25 Seth Welborn Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Seth Welborn The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Court Clarifies ‘Single-Satisfaction Rule’ After Mortgage Lien Avoidance Demand Propels Home Prices Upward 2 days ago In an examination of Jones v. Brand Law Firm PA (In re Belmonte), the U.S. Court of Appeals for the Second Circuit affirmed a lower court decision that a chapter 7 trustee’s avoidance of an unauthorized postpetition mortgage lien did not amount to a “double recovery” precluding the trustee from avoiding and recovering a transfer of the loan proceeds.JD Supra reports that like the lower courts, the Second Circuit concluded that the trustee’s recovery of a portion of the loan proceeds did not constitute a double recovery in violation of section 550. Because the transfer of the loan proceeds was avoided pursuant to section 549, the court reasoned that the trustee was permitted to seek recovery of either the transferred property or its value pursuant to section 550.“In so ruling, the court rejected the trustee’s argument that the trustee had already recovered the debtor’s interest in the proceeds of the loan when it approved the settlement avoiding and preserving the second mortgage,” JD Supra reports. “Rather, the Second Circuit panel found that the settlement gave the trustee only the rights of a lien creditor with respect to the property, and the second mortgage lien carried with it only the right to foreclose on the property in the event of default.”According to JD Supra, the courts’ conclusion that only one-half of the amount received by Brand was recoverable as “estate property” is interesting.The Second Circuit was not the only court of appeals to weigh in on the scope of the single-satisfaction rule in 2019, JD Supra notes. In Whitlock v. Lowe (In re Deberry), 2019 WL 7046904 (5th Cir. Dec. 23, 2019), the U.S. Court of Appeals for the Fifth Circuit ruled that a bankruptcy trustee may not recover transfers under section 550(a) if the payments were returned by the transferee to the debtor prior to the bankruptcy petition date. Noting that every other court to consider the question has reached this conclusion, the Fifth Circuit vacated the bankruptcy court’s determination that “the single-satisfaction rule does not apply to funds that were returned prior to the petition date.” Servicers Navigate the Post-Pandemic World 2 days ago Share Save Sign up for DS News Daily Related Articleslast_img read more

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CRT Securities Investors Face Potential Losses

May 31, 2021 | By admin | No Comments | Filed in: tdruvkbqd.

first_img  Print This Post Home / Daily Dose / CRT Securities Investors Face Potential Losses Krista Franks Brock is a professional writer and editor who has covered the mortgage banking and default servicing sectors since 2011. Previously, she served as managing editor of DS News and Southern Distinction, a regional lifestyle publication. Her work has appeared in a variety of print and online publications, including Consumers Digest, Dallas Style and Design, DS News and, MReport and She holds degrees in journalism and art from the University of Georgia. Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago While the CARES Act let millions of homeowners off the hook for mortgage payments during the COVID-19 pandemic, it placed servicers in the position of having to advance payments on behalf of the millions of borrowers who took up the forbearance offer this spring. The Federal Housing Finance Agency (FHFA) then stepped in to help servicers, capping their repayment obligations at four months.However, servicers are not the only ones vulnerable to the effects of unpaid mortgage loans, and another impacted group is calling for FHFA to save them from financial harm as well.Credit Risk Transfer (CRT) securities, which allow private investors to absorb some of the risks of Fannie Mae and Freddie Mac in order to shield taxpayers, are now vulnerable to losses while mortgages go unpaid in the short term. Some investors are calling on the FHFA to protect them from such losses, while others say the risk was part of the deal, according to a report by Bloomberg.Investors in the GSEs’ credit risk transfer securities could lose billions due to the forbearances allowed in the federal CARES Act, Bloomberg reported.Some investors have reportedly reached out to FHFA Director Mark Calabria on the issue but thus far have not received a response.Representatives from Franklin Resources and AllianceBernstein Holding LP spoke to Bloomberg, expressing their disapproval of the current situation.“This is not supposed to be a transaction where Fannie and Freddie walk away with a windfall and do not have losses,” Michael Canter, Director of Securitized Assets and U.S. Multisector Fixed Income at AllianceBernstein told Bloomberg. He said this would be “contrary to the spirit of the economic arrangement.”Similarly, Paul Varunok, a portfolio manager at Franklin Templeton told Bloomberg that “it is indeed possible that investors take losses while the GSEs could potentially profit.”Mirroring Canter’s comments, he added, “We do not believe this was in the spirit in which the program was incepted.”According to Bloomberg, some bondholders are already threatening to stop buying CRT securities.However, some feel that if Fannie Mae and Freddie Mac save the investors who signed up to absorb some of their risk, it would defeat the purpose of the program.“If they face losses that are ultimately absorbed by Fannie and Freddie, it would undermine the purpose of issuing CRT securities in the first place, said Douglas Holtz-Eakin, president of the American Action Forum,” according to Bloomberg.He reportedly told Bloomberg, “It was a valid contract, and they should adhere to it.”“A lot of investors were hurt in a lot of ways by the CARES Act. There’s nothing special about these guys,” he added.The Mortgage Bankers Association (MBA) reported that the total number of loans in forbearance fell by 38 basis points to 7.8% for the week ending on July 12, 2020. The MBA estimated that 3.9 million homeowners are still in forbearance plans.The MBA’s prior report found 8.18% of loans were in forbearance. Its latest survey covers the period from July 6 through July 12 and represents 75% of the mortgage market or 37.3 million loans. in Daily Dose, Featured, Foreclosure, Government, News The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Previous: How Servicers are Handling Remote Working Next: Pandemic Creating Downward Pressure on Rental Market About Author: Krista F. Brock Tagged with: Coronavirus Credit Risk Transfer FHFA GSEs July 24, 2020 1,947 Views Servicers Navigate the Post-Pandemic World 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Related Articles Share Save CRT Securities Investors Face Potential Losses The Best Markets For Residential Property Investors 2 days ago Coronavirus Credit Risk Transfer FHFA GSEs 2020-07-24 Mike Albanese Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Subscribelast_img read more

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Shaquille O’Neil head-bangs in mosh pit!

September 20, 2020 | By admin | No Comments | Filed in: iuxgjddtb.

first_imgShaq himself was caught on video head banging along with other concert goers. Yes, those are grown adults in the crowd with him. Yes, he is that large!last_img

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How COVID-19 budget cuts could affect Syracuse, collegiate athletics

September 16, 2020 | By admin | No Comments | Filed in: nibtjzsrs.

first_imgEven after record high revenue in 2018-19, Syracuse Athletics will feel the financial pressures of the coronavirus pandemic.Of the more than 100 FBS athletic directors polled by LEAD1 Association’s State of Athletics in the face of Coronavirus report, 86% said college athletics will soon have to make financial sacrifices — but those sacrifices have already begun to manifest.On April 2, Old Dominion announced the end of its men’s wrestling program, and less than two weeks later, the University of Cincinnati eliminated its men’s soccer program. Every year, athletic programs are cut. But Jeremy Losak, a sport management assistant professor at Syracuse University, said this year there will be more.Syracuse may be less susceptible to program cuts, Losak said, because SU already operates with fewer athletic programs than Atlantic Coast Conference schools (SU has 18 teams, fewer than 10 ACC schools). But ramifications could go beyond program cuts, affecting “all areas on campus,” one athletic director wrote in the LEAD1 report. And, if the pandemic continues into the fall season, things will only get worse. Most college sports do not generate significant amounts of revenue — basketball and football accounted for 80.9% of Syracuse’s 2018-19 record $99.8 million revenue. In general, Olympic and non-revenue generating sports would be the first programs to go. The Cincinnati men’s soccer program registered $924,385 in expenses in 2018-19, and ODU’s wrestling cost $1,021,456. At SU, men’s soccer recorded $1,974,034 in 2018-19 expenses and does not house a wrestling program. AdvertisementThis is placeholder textAthletic departments will have to “make those types of business decisions,” Losak said, but it is the student-athletes who bear the short-term burden. Santino Morina, a former ODU wrestler who since transferred, tweeted he was “absolutely heartbroken” that the Big Blue program was terminated. For Morina’s teammate, Sa’Derian Perry, who was at Eastern Michigan in 2018 when its wrestling program folded, it was a familiar feeling. “I couldn’t believe that it was the second time that a team has been cut with me on it,” Perry said to the Orlando Sentinel. “It was definitely a betrayal — a back stabbing.” Public institutions could take a harder financial hit because of the effects of local economic troubles, and smaller schools could suffer because of reliance on athletic revenue, Losak said. Institutions’ budget cuts could range “from a haircut to decapitation,” one athletic director told Yahoo Sports.At Syracuse, John Wildhack, Jim Boeheim, Dino Babers and several other high-paid athletic leaders took a 10% pay cut this week, but that’s not a feasible expectation for all schools, Losak said. Cuts will come in the form of facility spending freezes, employee layoffs, decrease in future coaching contracts, and, like we have already seen, terminating expensive teams. “In all truthfulness, if the soccer team is more valuable than the coach of the football team,” Losak said, “then the football coach would be the one who probably takes the financial hit.” While situations vary on a school-to-school basis, cuts are likely at schools reliant on basketball revenue — the cancellation of the NCAA Tournament cost the NCAA $375 million that would have been distributed to member institutions. In 2018-19, Syracuse drew in 43.9% of athletic revenue from football compared to 37% from men’s and women’s basketball. If football revenue is lost in any capacity, including playing in an empty stadium this fall, it will have a “pretty sizable effect,” Losak said. And even playing without fans might be the optimistic outcome. There is “absolutely a possibility that (a football season) may not happen,” Northwestern Athletic Director Jim Phillips said April 10 on WBBN. A cancellation that, according to USA Today, could cost public FBS institutions more than 60% of their yearly revenue — on top of spring losses. “Schools might have to pull the purse strings a little bit tighter,” Losak said. Comments Published on April 22, 2020 at 8:32 pm Contact Mitchell: [email protected] Facebook Twitter Google+last_img read more

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Children in Fojnica clean Football Fields with their own Hands

August 16, 2020 | By admin | No Comments | Filed in: ixyfmqzbo.

first_imgFrequent image that can be seen in Bosnia and Herzegovina are abandoned and neglected sport fields. Enthusiasts such as Husnija Čohadžić and children of Fojnica repair this image of the country’s relation towards sport.A young man from Fojnica has been dealing with certainly a unique hobby in this country for a while now – he repairs the destroyed local sport fields. Čohadžić revealed the reasons why he does this unusual work which gathers young people and athletes in this town in the heart of Bosnia.“Since I play football as recreation, I has a desire to organize terms with my friends so we could play futsal every day. Because of my absence, I did not know anything about the condition of sport infrastructure in Fojnica. After I found out that infrastructure is not in an envious condition (no football goals, high grass, poor condition of concrete, destroyed spotlights and protective fence). That is how I got the idea to raise some funds for the most basic things, the goals,” Čohadžić explained.Čohadžić self-initiatively raised funds from sponsors, local businessmen who decided to support him. Funds for goals were raised in a very short time. The Municipality hired the Public Utility Enterprise Fojnica and Elektroprivreda Fojnica to complete the repair of all damages within the sport facilities.“Regarding my way of work, every action and proposal that I have about the repair and reconstruction of the sport fields I suggest to the supervisor from the Municipality, who conveys the message to the Mayor of the Fojnica Municipality. On this occasion, I would like to thank the sponsors and the Municipality of Fojnica who had understanding for this problem,” Čohadžić said.People in this team are students of elementary and high school in Fojnica. If it were not for their enthusiasm and volunteer work, Čohadžić claims, this action would be impracticable.Three sport fields were reconstructed so far, including a futsal field where football is played every day. Works were also conducted on the tennis court and futsal court which is in a very bad condition. The team is currently in contact with a potential investor who is ready to invest certain financial means in order to put it into function of social benefit and thus make it self-sustainable. Since the third field is in poor shape, the idea is to make a basketball court there and move futsal to another place, in a sports complex. This idea is currently under consideration.“The only costs so far were the goals for the football field which cost 600 BAM. It takes almost 10.000 BAM to put the tennis court into function, and there is a potential investor who would invest funds in the reconstruction of the tennis court. Other costs of reconstruction of sport fields are on the Municipality of Fojnica, in cooperation with FC Fojnica, JKP Fojnica and Elektroprivreda Fojnica, Čohadžić said.(Source: Facebook)last_img read more

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Kane’s boyhood team-mate turns Chinese history-maker

August 13, 2020 | By admin | No Comments | Filed in: egielqmer.

first_imgFILE PHOTO: Nico YennarisShanghai, China | AFP | Nico Yennaris was born in working-class east London, played with Harry Kane at Arsenal as a boy and is an England youth international.While Kane moved to Tottenham Hotspur and became England captain, Yennaris’s career has taken a very different direction, becoming the first naturalised player to score in the Chinese Super League (CSL).In January he made Beijing his home — 8,000 kilometres (5,000 miles) from Leytonstone in east London — and the midfielder even has a new name.“It’s the first in history so it’s something that I can be proud of,” the 25-year-old known as Li Ke in China told state television after his milestone goal Sunday for CSL leaders Beijing Guoan.Born to a Chinese mother and Cypriot father, Yennaris, who is nine weeks older than fellow east Londoner Kane, now wants to help his new country become a footballing force.“I hope to help Chinese football and hopefully one day I can play in the national team as well and we will try to get to a World Cup,” he said in his unmistakably London accent.Yennaris, who signed for Beijing from Brentford in England’s second tier in January for a reported £4.95 million ($6.5 million), is eligible to represent China because he played for England only up to under-19, not the senior side.Chinese football this season began bringing in naturalised players, with Yennaris joined at Beijing by Norwegian-born John Hou Saeter.Yennaris will be on a vastly improved salary in the Chinese capital but he will have to dump his British passport because China does not recognise dual nationality.That means no going back now for Yennaris, who is yet to get a  call-up for his adopted country but would improve a team ranked 74th by FIFA, a rung above tiny Cape Verde who have population of 500,000 compared to China’s 1.4 billion.He will though have to cover up his arm tattoos because the Chinese government frowns upon them.China failed to score or win a point in their only World Cup appearance, in 2002. – Kane connection –If the stars align — and China improve markedly — Yennaris could face Kane at the World Cup, Yennaris in the red of China, Kane in England white.They played for the same club in east London and were recruited as boys by Arsenal, although Kane was released after one season at the age of eight.Yennaris made a handful of appearances for Arsene Wenger’s side including 45 minutes against Manchester United in the Premier League in 2012.Yennaris and striker Kane remain on good terms. “When we see each other face to face and bump into each other we say ‘hello’ and we always speak,” Yennaris said.Yennaris had a couple of loan spells in the lower tiers of English football before moving permanently to west London club Brentford in 2014.Five years later came the life-changing opportunity to make the radical switch to China, where Yennaris is on a steep learning curve, especially with the language.Much has been made of him singing the Chinese national anthem but he is still picking up the basics off and on the pitch, such as the words for free-kick and corner.There were eight yellow cards and a red in Beijing’s 2-1 victory over Henan Jianye at the weekend, which at least made Yennaris feel like he was back in the rough and tumble of English lower-league football.“I’m used to this, but this may be a different level of fouls,” he said.Share on: WhatsApplast_img read more

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College player with brain tumor ready to play

August 12, 2020 | By admin | No Comments | Filed in: nibtjzsrs.

first_imgLauren Hill, left foreground, slaps hands with teammates as she practices with her NCAA college basketball team at Mount St. Joseph in Cincinnati on Thursday Oct. 23, 2014. Soon after deciding to play basketball at the Division III school, she started feeling bad and got tests that found an inoperable mass in her brain. (AP Photo/Tom Uhlman)CINCINNATI (AP) — A clock above the court reminds everyone that it’s only 5:58 a.m. Fifteen slow-moving women’s basketball players at Division III Mount St. Joseph form a circle near one of the baskets and stretch quietly.Coach Dan Benjamin walks briskly around the court, sipping a Mountain Dew for a little caffeine. He has the two-hour practice mapped out, including a special play he’s installing for the Lions’ sold-out season opener. A black whistle dangles in front of his gray “Play for 22” T-shirt.No. 22 would be freshman Lauren Hill.She’s moving slowly today. There are days when the inoperable tumor squeezing her brain also saps her energy and robs her of coordination. She finally comes out onto the court carrying a water bottle and her teammates call out to her in encouragement: “Hey Lauren!”Given how she’s feeling, it would be easy to skip the practice. But since her diagnosis a year ago, she has made sure no opportunity gets wasted.“That’s kind of how I look at it,” Hill said, resting in a folding chair after practice Thursday. “I’m spreading awareness and also teaching people how to live in the moment because the next moment’s not promised. Anything can happen at any given moment. What matters is right now.”Acknowledging the urgency, the NCAA made a special exception to move up Mount St. Joseph’s opener against Hiram College to Nov. 2, despite its rules that require seasons to start later in November. The scheduling change gives Hill a better shot to get on the court — the only chance she may get before the growing tumor that hinders her play also claims her life.After the move, Xavier University offered its 10,000-seat arena so more people could attend. The game sold out faster than a Cleveland Cavaliers exhibition earlier this month.College basketball players and sports teams from around the country are signing No. 22 jerseys and sending them to Lauren for support. The United States Basketball Writers Association has voted her for the Pat Summitt most courageous award, which is usually given out at the Final Four.“This is an amazing young lady who’s made an impact on the world, more than I will ever do,” said Benjamin, a coach for 25 years. “I wish everybody could meet her.”Hill played basketball and soccer in nearby Lawrenceburg, Indiana. On her 18th birthday last October, she decided to commit to play basketball at The Mount, as it’s known locally. A few weeks later, she started feeling bad. Tests found the cancerous tumor growing throughout her brain. Surgery wasn’t an option. Six weeks of radiation, an experimental drug and two months of chemotherapy didn’t help much. Doctors estimated she had a year to live.“I try not to — try really hard not to — but it’s hard to not think about down the road,” she said.While she prepares to play, she does as much as she can each day to raise awareness about pediatric cancer, hoping donations might fund research that gives others a chance of beating the disease.A lot of people are going out of their way to get to know the ponytailed player who is showing everyone — with each deliberate dribble, left-handed shot and each time she just shows up — what it means to live each day fully.NCAA President Mark Emmert called to offer encouragement. The school’s president, Tony Aretz, stopped by with his wife to watch her practice and chat with Hill and her mom.Cincinnati Bengals defensive lineman Devon Still stopped in unexpectedly this week. Still’s 4-year-old daughter, Leah, has cancer, and he has worked with the NFL team to raise more than $1 million for pediatric cancer treatment.“It’s like she’s beyond her years,” Still said. “She understands her purpose. In her 19 years of being here on Earth, she’s done a lot more than a lot of older people have done.”Hill’s parents and two younger siblings are trying to pack as much as they can into however many weeks she has left.“You try not to concentrate on it too much because you can get caught up in the grief of the sheer fact that you’re probably going to lose your child,” her mother, Lisa Hill said. “But if I grieve and get depressed and curl up into a ball, I rob myself and her of today. Why?“We’ve got today. I can spend today with her doing everything we want to do — just chit-chatting, listening to music, going shopping, whatever she wants to do. If I didn’t get out of bed, I’d miss out on all those things.”Although she’s right-handed, Lauren has to shoot with her left because the tumor is affecting her right side more severely. She gets dizzy if she moves her head side-to-side, so she has to move her upper body instead. Her balance is a little off. She’ll be able to play only a few minutes at a time on Nov. 2.Even with all of that, she refuses to think of it as her one and only game.“She says, ‘I hate that. If I can play one more game, I’m playing one more game,’” Lisa Hill said. “If she’s upright and able, she’ll still be out there.”___Online: read more

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Bell Works in Holmdel Has First Occupant: A Tech Company

August 4, 2020 | By admin | No Comments | Filed in: yvkwizsuw.

first_imgHOLMDEL – A technology company with a history of working with the military, including Fort Monmouth, will be the first to occupy space at the former Bell Labs complex, now called Bell Works.Holmdel Mayor Eric Hinds said Symbolic Systems will be the first official occupant of the 2,000,000 square-foot Bell Works, currently undergoing a massive renovation under owner Somerset Development of Lakewood.Regarding the hotel/conference center, Hinds would only say that a deal “is close but not done. We’re hopeful for an announcement by July. We hoped to announce it last January.”In addition to the new tenant, local officials will soon launch a fund-raising effort to cover the costs of relocating the municipal library from the basement of Township Hall to a new 18,000 square-foot space inside Bell Works, donated by Somerset. The township must supply construction, equipment and furnishings.Symbolic Systems Inc., a provider of information technology, data engineering and software development is currently located in an office building at 106 Apple Street, Tinton Falls. Other offices are located in Aberdeen, Maryland, where many former Fort Monmouth employees and personnel transferred to the U.S. Army’s Aberdeen Proving Ground (APG) after the New Jersey base closed in 2005.Founded by Frank Ponzio Jr. in 1968, Symbolic Systems, Inc. also works with private industry, the federal Dept. of Defense, and government entities. Its Maryland facility was established as part of the federal BRAC (Base Realignment and Closure) process. Ponzio holds several patents for his inventions and designs.Fort Monmouth, which is still owned by the Army, has been on an almost parallel course with Bell Works to attract technology and business tenants.“I’ve been frustrated, but it’s best I remain positive,” Mayor Hinds said last week. “I’m excited about all the activity going on now. About two dozen solid companies are in the loop but nothing has closed. My biggest hope is that the hotel/conference center would take a substantial piece, leading to a lot of other synergistic tenants. The vision is to make Bell Works the East Coast Silicon Valley. It has that history.” He said prospective tenants include primarily technology companies and professionals, including a certified public accounting firm, a law firm and an engineering company. Most are from New Jersey.Bell Works also envisions retail, restaurant, and entertainment uses, creating an indoor “town square” for Holmdel.Somerset President Ralph Zucker told the Two River Times on May 26, “Bell Works has received much interest including letters of intent from potential tenants. Although (we are) unable to share specific information at this time due to legal reasons, we are excited to see the vision of Bell Works come to life.”“The public can expect to see a completely revamped pedestrian street spanning the entire length of this magnificent building. Everything that cluttered the atrium has been removed to create an incredible cathedral-like space,” he added. Internationally renowned architect Eero Saarinen designed the building in 1959.Bell Works was recently featured in filmmaker Daniel Arsham’s “Future Relic ‘03”, which premiered at the Tribeca Film Festival in April. According to Beckerman PR of Hackensack, Somerset’s public relations representative, Arsham’s team reached out in 2014 through Bell Works’ architect, Alex Gorlin. Arsham, a fan of Saarinen’s work, visited the 473-acre site and deemed it the “perfect location.”“The building is so far ahead of its time,” Mayor Hinds said. “The infrastructure is there for mixed use. A lot of capital is being spent. In fairness to Somerset, it is a challenging time in New Jersey. I’ve met with people from the state’s ‘Choose NJ’ economic development program. New Jersey is not doing a good job driving business into it; we’re doing a good job of driving business out. There are not enough large employers south of the (Driscoll) bridge. It’s going to take six to eight years for the building to be fully occupied. We need to be patient, realize the right vision, and get the right mix of tenants.” Hinds said that commercial real estate firm Garibaldi Group of Chatham has been working on securing tenants for Bell Works for over a year, but much work had to be done before it could be marketed.As far as the donation of space for the township library and learning center, Deputy Mayor Gregory Buontempo said, “Ralph Zucker wanted to do something positive to make the building part of the community.” Other options for the relocation and expansion were considered but discounted due to high costs. “Having it inside Bell Works saves taxpayers the extra financial burden.”“We want a dynamic library that will accommodate today’s needs and Holmdel’s future needs,” Buontempo said. “We hope to kick off the effort in the next few months with the goal of raising $1.8 million.”Township Architect Anthony Iovino is working with Somerset Development on the design. Iovino has previous experience creating libraries and studied Saarinen’s work in school.“At first I was concerned about locating the library in a multi-use building,” Buontempo said. Our architect told me it’s just the opposite. Minneapolis put their library in a mall and attendance went up 400 percent. Times have changed and libraries are evolving. Now I think it’s a home run.”“Somerset is willing to help us move in sooner,” Mayor Hinds said. “We want to be in sooner than later. It will be more than a library. It will be a community heartbeat.”Toll Brothers’ plan for 40 estate homes and 185 “active adult” carriage homes on the main interior road leading to the building remain on hold. In its agreement with Somerset, Holmdel officials built in a stipulation that residential construction cannot begin until 20 percent of the building is leased or occupied.“That’s how we protected ourselves,” Hinds said. The homes, which generated significant controversy among local opponents, must also undergo the lengthy approval processes of the New Jersey Department of Environmental Protection.last_img read more

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Scrapping of €1.5M Sea Survival Training Centre is ‘outrageous’

December 21, 2019 | By admin | No Comments | Filed in: yzhnxslpc.

first_imgThe scrapping of plans to build a  €1.5 million Sea Survival Training Centre at Greencastle has been criticised as  “outrageous” today by Donegal Senator Pádraig Mac Lochlainn.There was shock and disappointment following confirmation from Bord Iascaigh Mhara (BIM) that they do not intend to proceed with building the new state of the art facility.Answers are now being demanded from the Minister for the Marine, Michael Creed. Senator Mac Lochlainn is seeking a commitment from the Minister that his department will ensure that BIM has the financial resources to deliver on this project that had been first announced in 2016.Senator Mac Lochlainn said: “This is an outrageous and reckless decision. This €1.5 million centre was announced back in 2016, just before the general election by government politicians including Minister Joe McHugh.”At the time, it was stated that the new centre would include the development of a fifteen metre simulator pool, an elevated platform equipped with a wave machine, water spray unit and fans capable of simulating the type of extreme weather conditions fishermen are often faced with.“And that the centre would also be equipped with two changing areas, a self-contained heating unit which can maintain water temperatures of 23-28 degrees Celsius, as well as a water treatment unit and a new classroom which can accommodate sixteen students.“This would allow the college to replicate weather conditions and provide a more extensive training course with the only other centre of its kind to be found in Cork at the other end of the island.”. Senator Mac Lochlainn said he will not accept that this promised centre was “just another pre-election political stunt”.He added: “I have submitted parliamentary questions to the Minister for the Marine, Michael Creed and I am demanding answers from BIM. I have also requested that the Minister ensure that his department officials meet with BIM to establish how they can ensure that the financial resources are available to make this essential centre a reality.“Surely we have learned from too many tragedies at sea how important it is to train and test our fishers in surroundings that accurately reflect the tough conditions that they will face at sea.”Scrapping of €1.5M Sea Survival Training Centre is ‘outrageous’ was last modified: June 19th, 2019 by Rachel McLaughlinShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more

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Spartans players react to field closure

December 21, 2019 | By admin | No Comments | Filed in: zuwmcftfp.

first_imgRed Bluff >> With football season here, Red Bluff High School’s players are ready to hit, catch and throw the ball starting Friday at Paradise in a non-league game. But before the Spartans set their sights on the Bobcats and the new season, Conner McKenzie and Marshal Brose reflected on the ongoing situation at Spartan Stadium, which is officially shut down for play due to an unsafe playing surface. Brose, the senior quarterback, said while it was a difficult blow earlier, he’s now ready to …last_img

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