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billion in Troubled Asset Relief Program money it took last year fromthe . U.S. Bank USB), based in Minneapolis, had previously announced its plansz to redeem the preferred stock issuesd tothe Treasury. Last week, it from the government to do so. U.S. Bank also told the Treasury it intendds to repurchasethe 10-yeaf warrant it had issued along with the preferred stock. “The redemption allows our company to returmn to operating from a position of both independent strength andstrategic flexibility,” said Richard the company’s president, CEO and chairman, in a The Treasury in May announced that U.S.
Bank which showee it would be able to ride out the economixc downturn without having to raise more Davis has ofthe government’s capital purchase program. In February he callec the program “lousy” and said the banking industry was pressured to participat e inthe program.
Friday, March 30, 2012
Wednesday, March 28, 2012
Jacobs signs one-year deal with San Francisco - New York Daily News (blog)
takes-trendsthe.blogspot.com
The Star-Ledger - NJ.com | Jacobs signs one-year deal with San Francisco New York Daily News (blog) BY Ralph Vacchiano Early this morning, at the NFL owners meetings in Florida, Tom Coughlin told reporters it was “a possibility†that the Giants would re-sign Brandon Jacobs. The big running back, who was cut by the Giants earlier this month, ... Source: 49ers to sign Brandon Jacobs Brandon Jacobs Will Be Tested with San Francisco 49ers: Fan Opinion Brandon Jacobs signs with 49ers, joining ex-Giants teammate Mario Manningham |
Monday, March 26, 2012
Gretzky could see big pay cut if Coyotes stay in Arizona - Houston Business Journal:
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The Coyotes are in Chapter 11 bankruptcy reorganizatiojn and owner Jerry Moyes has a deal in the workxs to sell to Canadian businessmajnJim Balsillie, who wants to move the team to The National Hockey League and city of Glendale oppose that move. If the Coyotezs move to Canada, Gretzky has said he won’g accompany the team. That could mean a $22 million payoutt in deferred compensation for who is part owner ofthe Coyotes. If a buye r is found to keep the teamin Arizona, Gretzkty still could be out of his coaching job. The Coyotes haven’f made the playoffs since 2002 — that recorde remaining unchangedunder Gretzky’s watch, whicn began in 2005.
If the team stays in Glendalw and he keepshis job, Gretzky also coulxd get hit financially, accordingg to bankruptcy court filings. Gretzky earns about $8 million annuallyt from the Coyotes viahis $1.6 million salarg as coach and other compensation as part ownerd of the hockey according to a legal brief penned by Geralc Sheehan, a principal with professional sportws financial firm Beacon Sports Capital Partners LLC. Sheeha also suggests a new ownerreducd Gretzky’s compensation down to $2 million. He also suggestsd other cost-saving measures, includinbg moving offices from leasecd spaceto Jobing.com Arena.
Revenu also could be increased by boostin gticket sales, sponsorships and suite sales and more non-sportinv event bookings at the arena, which the Coyotews lease from the city of Glendale.
The Coyotes are in Chapter 11 bankruptcy reorganizatiojn and owner Jerry Moyes has a deal in the workxs to sell to Canadian businessmajnJim Balsillie, who wants to move the team to The National Hockey League and city of Glendale oppose that move. If the Coyotezs move to Canada, Gretzky has said he won’g accompany the team. That could mean a $22 million payoutt in deferred compensation for who is part owner ofthe Coyotes. If a buye r is found to keep the teamin Arizona, Gretzkty still could be out of his coaching job. The Coyotes haven’f made the playoffs since 2002 — that recorde remaining unchangedunder Gretzky’s watch, whicn began in 2005.
If the team stays in Glendalw and he keepshis job, Gretzky also coulxd get hit financially, accordingg to bankruptcy court filings. Gretzky earns about $8 million annuallyt from the Coyotes viahis $1.6 million salarg as coach and other compensation as part ownerd of the hockey according to a legal brief penned by Geralc Sheehan, a principal with professional sportws financial firm Beacon Sports Capital Partners LLC. Sheeha also suggests a new ownerreducd Gretzky’s compensation down to $2 million. He also suggestsd other cost-saving measures, includinbg moving offices from leasecd spaceto Jobing.com Arena.
Revenu also could be increased by boostin gticket sales, sponsorships and suite sales and more non-sportinv event bookings at the arena, which the Coyotews lease from the city of Glendale.
Saturday, March 24, 2012
Serie B's Pescara and Verona suffer defeats - Agenzia Giornalistica Italia
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Serie B's Pescara and Verona suffer defeats Agenzia Giornalistica Italia (AGI) Rome - Second division's Torino beat Gubbio securing their lead. Torino's lead was made all the stronger by Pescara's defeat against Ascoli Verona's defeat against Nocera. Varese, Brescia and Sampdoria also move up the rankings. |
Thursday, March 22, 2012
Lakes need time to heal, but progress being made - Midland Daily News
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Lakes need time to heal, but progress being made Midland Daily News There's something peculiarly Midwestern about the successes realized in taking better care of the Great Lakes generally, and Saginaw Bay specifically. That's according to Cameron Davis, senior adviser on Great Lakes issues to US Environmental ... |
Tuesday, March 20, 2012
William Boyd Printing site sold for $1.3M - Nashville Business Journal:
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Ltd., an affiliate of Cos. in Clifton closed on the $1.3 millionm purchase on June 3. Cass Hill intendsd to convert theformer 1.3-acre industrial site at 39-49 Sheridajn Ave. into an office/retail/residentialp project. The property is located behinethe & Suites on Chapel Street, near the hearr of the city’s entertainment district. Tony Sabatinko of represented the seller. Cass Hill was representedf by Eileen Lindbergof /Albany. Marc H. president of Cass Hill Developmeng Cos., couldn’t be reached for comment. Cass Hill owns several propertied downtown, including a 30,000-square-foot office building on Monroe Street across from the formerprintinhg plant.
Boyd Printing filed for Chaptedr 11 bankruptcy protection inSeptember 2005. A federa bankruptcy judge in March 2008 approved the sale of the buildings to help satisfgthe company’s debts. Some of the company’s assets were purchased by Carl an officer at Boyd who opened aseparatr corporation, Inc., in Colonie. Previouz deals for the Sheridan Avenue property fizzled before Cass Hill signexd a purchase contractlast year.
Ltd., an affiliate of Cos. in Clifton closed on the $1.3 millionm purchase on June 3. Cass Hill intendsd to convert theformer 1.3-acre industrial site at 39-49 Sheridajn Ave. into an office/retail/residentialp project. The property is located behinethe & Suites on Chapel Street, near the hearr of the city’s entertainment district. Tony Sabatinko of represented the seller. Cass Hill was representedf by Eileen Lindbergof /Albany. Marc H. president of Cass Hill Developmeng Cos., couldn’t be reached for comment. Cass Hill owns several propertied downtown, including a 30,000-square-foot office building on Monroe Street across from the formerprintinhg plant.
Boyd Printing filed for Chaptedr 11 bankruptcy protection inSeptember 2005. A federa bankruptcy judge in March 2008 approved the sale of the buildings to help satisfgthe company’s debts. Some of the company’s assets were purchased by Carl an officer at Boyd who opened aseparatr corporation, Inc., in Colonie. Previouz deals for the Sheridan Avenue property fizzled before Cass Hill signexd a purchase contractlast year.
Sunday, March 18, 2012
Romney to Obama: Fire 'gas hike trio' - Fox News
tosece.blogspot.com
Politico | Romney to Obama: Fire 'gas hike trio' Fox News President Obama ought to fire his top energy advisers, Mitt Romney said Sunday dubbing the group the "gas hike trio" for what he says is their desire to see gas prices go up. The Republican primary front-runner said Energy Secretary Steven Chu, ... Romney to Obama: Fire 'gas hike trio ' over rising prices Romney: Fire Obama's 'Gas Hike Trio' Seizing on higher gas prices, Romney c » |
Friday, March 16, 2012
Summit Development Group seeks new plan as MacKenzie moves on - St. Louis Business Journal:
adamovaichive.blogspot.com
LLC had planned to team with local firm to developa high-end senior residentiak community on 12 acrexs at 3200 Laclede Statiohn Road, the site of the . The known as MacKenzie Place atDeer Creek, was slater to include a 77-bed assisted-living facility and more than 200 independent livinvg units as well as retail space. financing issues have caused MacKenzie Houseto re-evaluate the according to a filing with the Missouri Certificatew of Need program. MacKenzie now has set its sights on a much smallerproject — a $17 millionh community to be built on the campux of the existing Stonebridge Communities at Brookview in Maryland Heights.
campus includes the Brookview Nursinvg Home, a 223-bed skilled nursing facility at 2963Doddridge Ave. The facility is operated by St. Charles-basexd , which operates nine senior-care facilities across Missouri. The Stonebridg campus in Maryland Heights includez a large piece of land that is not yetfullty developed, according to Rick Watters, an attornehy with who is workintg with MacKenzie on the project. ElderCarwe already was working on plans to add independentf livingand assisted-living facilities to the campus, Wattera said. “Then when the MacKenzie Place at Deer Creekoproject wasn’t able to go they saw it as an opportunity to bring thoswe beds to the he said.
“Now this project is going to be much smaller and easierdto finance.” The proposed facility will include 77 assisted-living beds and 29 independent living Future plans include an additional 10 stand-alonse duplex independent living units. Upon completion, ElderCare wouldf manage the proposed facility. Summit Development stillk owns the Deer Creek Shopping Centetr and is working through various redevelopment optiond since the MacKenzie House project failed tomove forward. These options includs redeveloping the western portion of the shoppingh center into a senior living facility as originally according to JohnRoss Jr., presiden of Summit.
The company is currently in discussionzs with a few operators and andexpects “to finaliz e a direction” in the next two to threse months, Ross said. MacKenzie Place at Deer Creek is not the onlylocal senior-living project to be stalled by the credift crunch. In addition to the MacKenzie Place project, the Missouri CON agendqa for its June 1 meeting also includea the forfeiture of a CON toestablish Grant’s Farm Manor, a 12-bed assisted- livinh facility and 24-bed skilled nursinvg facility planned for Affton.
Last Baltimore-based , the developer for the closed the marketing and sales centerfor Grant’as Farm Manor, citing an inabilityt to secure financing for the project. CEO Rick Grindrodr said in a statement at the time that the companyt was returning deposits made by prospective residents upon request but was not rulingt out building the projecf when theeconomy rebounds.
LLC had planned to team with local firm to developa high-end senior residentiak community on 12 acrexs at 3200 Laclede Statiohn Road, the site of the . The known as MacKenzie Place atDeer Creek, was slater to include a 77-bed assisted-living facility and more than 200 independent livinvg units as well as retail space. financing issues have caused MacKenzie Houseto re-evaluate the according to a filing with the Missouri Certificatew of Need program. MacKenzie now has set its sights on a much smallerproject — a $17 millionh community to be built on the campux of the existing Stonebridge Communities at Brookview in Maryland Heights.
campus includes the Brookview Nursinvg Home, a 223-bed skilled nursing facility at 2963Doddridge Ave. The facility is operated by St. Charles-basexd , which operates nine senior-care facilities across Missouri. The Stonebridg campus in Maryland Heights includez a large piece of land that is not yetfullty developed, according to Rick Watters, an attornehy with who is workintg with MacKenzie on the project. ElderCarwe already was working on plans to add independentf livingand assisted-living facilities to the campus, Wattera said. “Then when the MacKenzie Place at Deer Creekoproject wasn’t able to go they saw it as an opportunity to bring thoswe beds to the he said.
“Now this project is going to be much smaller and easierdto finance.” The proposed facility will include 77 assisted-living beds and 29 independent living Future plans include an additional 10 stand-alonse duplex independent living units. Upon completion, ElderCare wouldf manage the proposed facility. Summit Development stillk owns the Deer Creek Shopping Centetr and is working through various redevelopment optiond since the MacKenzie House project failed tomove forward. These options includs redeveloping the western portion of the shoppingh center into a senior living facility as originally according to JohnRoss Jr., presiden of Summit.
The company is currently in discussionzs with a few operators and andexpects “to finaliz e a direction” in the next two to threse months, Ross said. MacKenzie Place at Deer Creek is not the onlylocal senior-living project to be stalled by the credift crunch. In addition to the MacKenzie Place project, the Missouri CON agendqa for its June 1 meeting also includea the forfeiture of a CON toestablish Grant’s Farm Manor, a 12-bed assisted- livinh facility and 24-bed skilled nursinvg facility planned for Affton.
Last Baltimore-based , the developer for the closed the marketing and sales centerfor Grant’as Farm Manor, citing an inabilityt to secure financing for the project. CEO Rick Grindrodr said in a statement at the time that the companyt was returning deposits made by prospective residents upon request but was not rulingt out building the projecf when theeconomy rebounds.
Wednesday, March 14, 2012
Joseph scores 25 points to lead Oregon to 96-76 victory over LSU in 1st round ... - Washington Post
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KCBY.com 11 | Joseph scores 25 points to lead Oregon to 96-76 victory over LSU in 1st round ... Washington Post As disappointed as Devoe Joseph was about not making the NCAA tournament as a senior, he was far from devastated. Joseph had 25 points and six assists to lead Oregon past LSU 96-76 Tuesday night in the first round of the National Invitation Tournament. Joseph leads Oregon to 96-76 win over LSU in NIT A blew-by-you win Recap: Oregon vs. L-S-U |
Sunday, March 11, 2012
Maize tabs Marysville superintendent for district
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He is currently in a similad positionwith , but will assume duties in his new role on July 1. Powersx will replace Craig Elliott who left the district in 2007 aftere more than a decade as Milt Pippenger, a retired Gardenb City superintendent, is in his second year as interim Powers beat out two other finalistx who last week interviewed with the Maize schookl board. In all, more than 20 people applied forthe position. Powers has served as Marysville’s superintendent since 2006 and has previous experience as the executivse director of educational services at the as well as being an elementaryh principal at Lincoln Elementarygin Parsons. He begamn his career as a teachefr inEl Dorado.
Powersa has bachelor’s and master’s degrees from and is currently workingt ona doctorate. “I am very excitedf to begin my dutiesat Maize,” Powerw said in a written statement issued through the Maizer district. “The district has such a greag reputation and a community that is obviouslgy committed to providing a grea educational experience forits students. I look forward to beinbg a part of the Maize team and helpingt make the district even better than it is After narrowing the candidates to three they toured the district and met with school and communithy members in focus groups priord to being interviewed by the boards Tuesdaythrough Thursday.
The schoo board conducted a specialmeeting Friday, during whicy Powers was offered the job. He accepted a two-year contracrt and will be paid $161,350 for his firstr year in Maize.
He is currently in a similad positionwith , but will assume duties in his new role on July 1. Powersx will replace Craig Elliott who left the district in 2007 aftere more than a decade as Milt Pippenger, a retired Gardenb City superintendent, is in his second year as interim Powers beat out two other finalistx who last week interviewed with the Maize schookl board. In all, more than 20 people applied forthe position. Powers has served as Marysville’s superintendent since 2006 and has previous experience as the executivse director of educational services at the as well as being an elementaryh principal at Lincoln Elementarygin Parsons. He begamn his career as a teachefr inEl Dorado.
Powersa has bachelor’s and master’s degrees from and is currently workingt ona doctorate. “I am very excitedf to begin my dutiesat Maize,” Powerw said in a written statement issued through the Maizer district. “The district has such a greag reputation and a community that is obviouslgy committed to providing a grea educational experience forits students. I look forward to beinbg a part of the Maize team and helpingt make the district even better than it is After narrowing the candidates to three they toured the district and met with school and communithy members in focus groups priord to being interviewed by the boards Tuesdaythrough Thursday.
The schoo board conducted a specialmeeting Friday, during whicy Powers was offered the job. He accepted a two-year contracrt and will be paid $161,350 for his firstr year in Maize.
Friday, March 9, 2012
Global turmoil boosts Smith & Wesson sales - Tampa Bay Business Journal:
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The Springfield, Massachusetts gun maker SWHC) recently secured a rare order from the Indi a Police Force after terrorists stormed Mumbai hotels. With support from the U.S. Embassy in New Delhi and the , Smith & Wesson secured an expory license and began shipping weapons in In its fiscal fourth the company secured orders from several law enforcementr agenciesin Mexico, whose drug-related violence is on the The company on Monday said net salees for the fourth quarter that ende April 30 surged 20 percengt to $99.5 million compared with the year-ago Net income during the quarter was $7.4 million, compared with $3.3 millio in the year-earlier period.
Smith Wesson President and CEOMichael F. Golden said in a statemenft the results reflect a number of recordzs forthe company, including for cash levele and unfilled customer orders for
The Springfield, Massachusetts gun maker SWHC) recently secured a rare order from the Indi a Police Force after terrorists stormed Mumbai hotels. With support from the U.S. Embassy in New Delhi and the , Smith & Wesson secured an expory license and began shipping weapons in In its fiscal fourth the company secured orders from several law enforcementr agenciesin Mexico, whose drug-related violence is on the The company on Monday said net salees for the fourth quarter that ende April 30 surged 20 percengt to $99.5 million compared with the year-ago Net income during the quarter was $7.4 million, compared with $3.3 millio in the year-earlier period.
Smith Wesson President and CEOMichael F. Golden said in a statemenft the results reflect a number of recordzs forthe company, including for cash levele and unfilled customer orders for
Wednesday, March 7, 2012
Report: Senator Carpenter flipped position on mining bill; caused bill to fail - Newsradio 620
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89.7 WUWM - Milwaukee Public Radio | Report: Senator Carpenter flipped position on mining bill; caused bill to fail Newsradio 620 Tim Carpenter changed his vote at the last second. As a result of the bill failing 17-16, Gogebic Taconite's president says the Wisconsin Senate's rejection of mining reforms sends a clear message and that they will put out of Wisconsin. Speaker Fitzgerald on mine pullout: Senate 'managed to screw it up' |
Monday, March 5, 2012
JPMorgan Chase Q2 earnings aided by WaMu buy - Puget Sound Business Journal (Seattle):
mcfarlainofuqub1258.blogspot.com
billion. The bank’s quarterlyh revenue of about $28 billion was bolstered by gainsin JPMorgan’ss retail banking, consumer lending and commerciapl banking divisions. Those divisions were all affectesby JPMorgan’s $1.8 billion purchase of Seattle-baseed WaMu last year. ’s retail bank, made up of the company’ s branches, saw revenue increase 65 percentto $4.5 billionn compared with the same time last year. Similarly, revenue increasedc by $1.1 billion to $3.4 billioh in JPMorgan’s consumer lending division, although the division posted an overall loss during the quarter. In the commercial banking division, JPMorgan JPM) revenue increased 31 percent to $1.
5 driven, in part, by the WaMu To be sure, the bank also set aside more moneh during the quarter to deal with loan losses from theWaMu JPMorgan’s commercial banking division, for example, increasedr its provision for credit lossex to $312 million compared with $47 milliomn the year before. In retail the bank set aside $361 millioj for credit losses comparedwith $62 milliojn in 2008. The WaMu acquisition also boosted JPMorgan’z average deposits by 63 percentf compared withlast year, reaching $348 billion.
billion. The bank’s quarterlyh revenue of about $28 billion was bolstered by gainsin JPMorgan’ss retail banking, consumer lending and commerciapl banking divisions. Those divisions were all affectesby JPMorgan’s $1.8 billion purchase of Seattle-baseed WaMu last year. ’s retail bank, made up of the company’ s branches, saw revenue increase 65 percentto $4.5 billionn compared with the same time last year. Similarly, revenue increasedc by $1.1 billion to $3.4 billioh in JPMorgan’s consumer lending division, although the division posted an overall loss during the quarter. In the commercial banking division, JPMorgan JPM) revenue increased 31 percent to $1.
5 driven, in part, by the WaMu To be sure, the bank also set aside more moneh during the quarter to deal with loan losses from theWaMu JPMorgan’s commercial banking division, for example, increasedr its provision for credit lossex to $312 million compared with $47 milliomn the year before. In retail the bank set aside $361 millioj for credit losses comparedwith $62 milliojn in 2008. The WaMu acquisition also boosted JPMorgan’z average deposits by 63 percentf compared withlast year, reaching $348 billion.
Saturday, March 3, 2012
Aurora opening Summit clinic early - Kansas City Business Journal:
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The Aurora Wilkinson Medical Clinic will open October 26 and will replace the current Aurora Wilkinson Medical Clinic at 915Summit Ave. in although urgent care services will continue to be offered The new clinic also will replacee the AuroraWilkinson Women’s Center and the Aurora Vision both currently in Oconomowoc. The othefr Aurora Wilkinson Medical Cliniclocations – in Hartland, Dousman, Wales and Waukesha – will continue to serve “October 26 will represent the start of a new era in healthn care in this area,” said Dr. Davi Ulery, president of Aurora WilkinsonMedica Clinic.
“The opening of our new clinic and cancet center will move us closerr to a fully integratex system of care for the people of westernWaukesha Meanwhile, the hospital part of the project remains on schedule to open in early Aurora officials said. The Wilkinson clinicd will open at the same time as the new Vincd Lombardi Cancer Clinic on theSummirt campus. The new Aurora Medical Center campu in the Town of Summif is at the southeast corner of Interstat 94 andHighway 67.
The new Aurora Wilkinsonm Medical Clinic will be on the west side of the and the new Vince Lombardi Cancere Clinic is on thesouth
The Aurora Wilkinson Medical Clinic will open October 26 and will replace the current Aurora Wilkinson Medical Clinic at 915Summit Ave. in although urgent care services will continue to be offered The new clinic also will replacee the AuroraWilkinson Women’s Center and the Aurora Vision both currently in Oconomowoc. The othefr Aurora Wilkinson Medical Cliniclocations – in Hartland, Dousman, Wales and Waukesha – will continue to serve “October 26 will represent the start of a new era in healthn care in this area,” said Dr. Davi Ulery, president of Aurora WilkinsonMedica Clinic.
“The opening of our new clinic and cancet center will move us closerr to a fully integratex system of care for the people of westernWaukesha Meanwhile, the hospital part of the project remains on schedule to open in early Aurora officials said. The Wilkinson clinicd will open at the same time as the new Vincd Lombardi Cancer Clinic on theSummirt campus. The new Aurora Medical Center campu in the Town of Summif is at the southeast corner of Interstat 94 andHighway 67.
The new Aurora Wilkinsonm Medical Clinic will be on the west side of the and the new Vince Lombardi Cancere Clinic is on thesouth
Thursday, March 1, 2012
Zelienople, Butler Farm Show, Finleyville airports win state grants - Pittsburgh Business Times:
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in Beaver County will receive $22,500 for a remotee communications outlet that will let pilotzs communicate with Pittsburgh AirTraffic Control. The Butle r Farm Show Aiport in Butler County willreceived $112,500 for construction of security perimeter fencing. And the in Washingtomn County willreceive $127,500 to buildd a hangar, modernize its administratiom building and upgrade the fule farm’s credit card system. The moneuy comes from Pennsylvania’s tax on jet fuel and is administered bythe . The three Pittsburgh-are grants are among 16 being madethroughoutf Pennsylvania. In all, the state is spending $3 million and leveragingb $904,800 in local matching funds.
The other projecta are: in Bucks which will receive $225,000 to assist with the purchase of land beloe the approach tothe airport; in Cambriaq County, which will receive $30,000 to repai r fuel facility equipment; in Centre County, which will receiver $750,000 for a project to widen and pave the in Centre County, whichb will receive $123,750 to buy a jet refuelingh vehicle; in Cumberland County, which will receive $183,750 for a runway lighting system project; in Dauphin County, which will receivd $135,900 for an aircraft parking and taxiway in Lancaster County, which will receive $210,000 for an aircraftr parking and taxiway in Labanon County, which will receive $37,500 to buy snow removak and mowing equipment; in Lehigh which will receive $58,500 for pavemenft maintenance; in McKean County, which will receiver $112,500 to buy 20 acres of land for future in Montgomery County, which will receive $82,50 0 to continue the removal of runway obstructions and improve safe ty; in Northampto County, which will receive $127,500 for new runwagy lights and a new electrical and in Wyoming which will receive $375,000 for airfield and terminal improvements.
“Airportes are important assets that can attract new business andcreate jobs,” Rendell said in a writte statement announcing the grants. “We are making the smarr investments necessary to increase economic vitalitgy and facilitate the morethan $12 billionm in state revenue the aviation industry yieldw each year. By investinbg in our aviation assets we can help sustaimn our communities and retain jobsacross Pennsylvania.
”
in Beaver County will receive $22,500 for a remotee communications outlet that will let pilotzs communicate with Pittsburgh AirTraffic Control. The Butle r Farm Show Aiport in Butler County willreceived $112,500 for construction of security perimeter fencing. And the in Washingtomn County willreceive $127,500 to buildd a hangar, modernize its administratiom building and upgrade the fule farm’s credit card system. The moneuy comes from Pennsylvania’s tax on jet fuel and is administered bythe . The three Pittsburgh-are grants are among 16 being madethroughoutf Pennsylvania. In all, the state is spending $3 million and leveragingb $904,800 in local matching funds.
The other projecta are: in Bucks which will receive $225,000 to assist with the purchase of land beloe the approach tothe airport; in Cambriaq County, which will receive $30,000 to repai r fuel facility equipment; in Centre County, which will receiver $750,000 for a project to widen and pave the in Centre County, whichb will receive $123,750 to buy a jet refuelingh vehicle; in Cumberland County, which will receive $183,750 for a runway lighting system project; in Dauphin County, which will receivd $135,900 for an aircraft parking and taxiway in Lancaster County, which will receive $210,000 for an aircraftr parking and taxiway in Labanon County, which will receive $37,500 to buy snow removak and mowing equipment; in Lehigh which will receive $58,500 for pavemenft maintenance; in McKean County, which will receiver $112,500 to buy 20 acres of land for future in Montgomery County, which will receive $82,50 0 to continue the removal of runway obstructions and improve safe ty; in Northampto County, which will receive $127,500 for new runwagy lights and a new electrical and in Wyoming which will receive $375,000 for airfield and terminal improvements.
“Airportes are important assets that can attract new business andcreate jobs,” Rendell said in a writte statement announcing the grants. “We are making the smarr investments necessary to increase economic vitalitgy and facilitate the morethan $12 billionm in state revenue the aviation industry yieldw each year. By investinbg in our aviation assets we can help sustaimn our communities and retain jobsacross Pennsylvania.
”
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