Tuesday's intriguing people - CNN (blog)

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Tuesday's intriguing people CNN (blog) The Florida Democrat hasn't even taken office, but she is already gearing up for a fight over an age-old US House rule. Wilson is a connoisseur of hats, ... and more »

Bright idea: Marvin Dufner makes millions recycling bulbs - Boston Business Journal:

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After building his fluorescent lighy bulbrecycling company, H.T.R. into a national playerd with customers thatincludw , Walgreens, and Lowe’s, Dufner sold the business in Marchg to Houston-based an estimated $12 million. H.T.R.’s revenue reachedf $6 million last year, 17 times more than the $350,00p0 the company made when Dufner bought it inDecembert 1999. A decade ago, the business recycled about 30,000 fluoresceng bulbs a month to keep hazardous mercuryh out of landfills andwater supplies.
That number reachedd about 18 million bulbs a year by the time of the Dufner andRaymond Kohout, his minority partnerr and chief operating officer, decided they needed to eithefr invest a large amount of capitak to open additional recyclinhg facilities or find a strategic partne r or buyer for their business. Dufne r turned to lifelong friend James Stuart of in Stuart reached out to contacts at Waste and after about a year of he helpedbroker H.T.R.’s sale. Dufnetr estimated fluorescent bulb recycling isa $100 million to $150 millioh industry.
Analyst Michael Hoffman of in Baltimore noted that garbag disposal isa $52 billion industr y and medical waste disposal accountsa for another $3 billiob to $4 billion. Add-on services such as recyclinf can help a company win additionalmarkett share. “One of Wastw Management’s core goals is to grow its medical waste business toabouft $300 million in revenue in the next 24 months,” Hoffman “Now they can walk into health-carw facilities and hospitals and offer to dispose of theitr medical waste, regular trash and also their fluorescentr bulbs, which for a hospital is no small Waste Management, North America’s largest waste disposa company, posted net income of $1.
09 billioj on revenue of $13.4 billion last year and employz about 46,000. Dufner, 54, grew up in Granitd City and St. Louis, attending and at Carbondale. In 1991, he boughtt one of the first franchises ofEarth City-basee Dent Wizard, a company that provides paintlessw dent removal for automobiles. Dufner moved to Atlanta to run his territoru of Georgiaand Alabama. But in Atlanta-based acquired Dent Wizard and proceeded to buy out its Dufner sold his business forabout $5 and at age 45 found himself lookinh for a new In 1999, while at the Lake of the Dufner struck up a conversation with an employere of H.T.R.
, a three-year-old companty then based in the small town of Golden City in southwest A new federal law regulating the managemen t of waste containing hazardous materials such as mercurg had just gone into effect, but H.T.R.’x 14 investors were short on funds to take advantaged of potential growth. Dufner boughr them out “for a very low price” and took over the businesx as president. Dufner recruited a friend who owned a gun storsin St.
Louis and was familiaf with dealing withgovernmenyt regulators, to help run the business and expand its service area They invested in some tractor-trailersx and started picking up burned-out fluorescenft bulbs from all over the country and haulintg them back to Missouri for processing. Over the next few they relocated the plant to its current location in Kaiser, Mo., near Lake As Dufner improved customer service and the speefd of waste pickup using third-party freight companies, business Beginning in 2003, H.T.R. secured contractes with Wal-Mart to pick up and recycls used bulbs.
Other large retailers, several colleges and universities, and states such as Iowa and Missourii also signed upwith H.T.R. All of the materiao in the bulbs H.T.R. picked up mercury, metal and glass — was None went to landfills. But with the Dufner and Kohout also found themselvesd facinga decision: Expand to keep up with increasingy volume, or find someonee who could do so for them. “The right way to do it would be to build two morerecycling plants, one on the West Coast and one on the East to cut transportation distances and freighy costs,” Dufner said. “Ray and I can’t be in three places at one time.
It was going to requirde a lot more capital to open two new facilitiesx and managethem properly.” So Dufner, who has childrenb ages 3 and 5 with his Renee, decided to look for a buyerr last year and eventually struck the deal with Waste “We thought H.T.R. would make a good fit for saidRick Cochrane, senior business directoer for Waste Management’s WM Lamptracker division. “Over 70 percent of fluorescent lightinyg in the countrystill isn’t recycled properly, and that’s where we thinkm the upside is.” The and many states are targeting a fluorescent recycling goal of about 75 percent, Kohoutt said.
Some 800 million fluorescent lamps burn out each and now millions of residential light sockets are also switching from incandescengt to compact fluorescent lightbulbs (CFLs). Althougb Missouri does not require residentia recyclingof CFLs, many states do, he “The timing was perfect,” said Kohout, who continues to run the formere H.T.R. operations within WM Lamptracker. “We are now the largestr lamp recycler inthe country, and Waste Managementt is really pushing the sustainabilitg and recycling front. We’ve had nine year of double-digit growth, and we’ver just gotten started.
” As for Dufner, he is buildinvg a home in Ladue and has notdecidedf what, if anything, he will do next. “Am I looking for something? Possibly, but not necessarily,” Dufner said. “That’w how H.T.R. happened. I wasn’t reallyy looking and then it fell inmy

Automaker bankruptcies may cause land pileup - Triangle Business Journal:

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It’s the probability of more land coming online inan already-saturatec real estate market that has brokerss most concerned. The reason: With each dealershipp averaging about9 acres, an estimated 30,000 acres coulcd be dumped on the markety nationwide over the next two years if the 3,4309 dealers liquidate their assets, real estate sourcess said. Locally, dealership land currently listed rangesefrom $468,933 to $593,065 per acre.
“Deb t will need to be addressedr and mortgages paid off as part ofthe disposition,” said attorneyg Steve Snively, a partner in the firm’ Orlando office who is not involver in any deals related to the two “As it all winds down, all thosw could have something to do with issuesx of dealing with payment of creditors.” Auburmn Hills, Mich.-based Chrysler, which filed for Chapteer 11 bankruptcy protection April 30, plans to trim sevemn Central Florida dealerships and 789 nationwide by June 9.
Detroit-basedc GM, which filed for Chapter 11 bankruptch onJune 1, plans to cut its dealershio ranks from 6,246 to 3,60 by October 2010, accordin g to a document posted on its Web Although GM didn’t make public a list of the dealers, longtim e Central Florida mainstays and are among thos slated to stop sellin new Chevys, media reports said. Roger Holler III, vice president of the , said in a statement that the companu will continue tosell Chevrolets, issuw warranties and provide service.
“We’ve been here for more than 70 yearsaand we’ll be here for anothe r 70 years,” he said in the Local real estate experts believe the family will find other uses for the two dealerships. “Some of this is reallyh trophy property,” said Bill Parke, directo of industrial services for Colliers Arnold Commercial in who also specializes inauto dealerships. “The Holler peoplee have a real eye for real The Holler-Classic group has another six Centrakl Florida dealerships with the Audi, Mazda and Hyundai brands, as well as two Honda Some dealers already have plans in place to continue For instance, , a Chrysler dealer slated to stop sellinv new Jeep vehicles this month, will continue pushin its Suzuki brand along with pre-owned vehicles.
Generap Manager Buddy Vickers — whose Jimmie Vickers, started the dealership in the 1970s said the family also will keep their servicedepartmenr active. “The most bittetr part to this whole thing isthat we’vs been a Jeep dealer for a long time,” he “We’ve really been loyal to the brand.” And Alan Starling, who owns Chevroletr dealerships in DeLand and St. Clous not on the trim list, said he expect s to go forward with plans to buy a third undisclosedd Chevrolet dealership once all the bankruptcy fallouyis over. In April, Starling sold a Chrysleer dealershipfor $5.6 million to the Osceola County Sherriff’zs Office.
He had resigned his franchise agreement with Chryslerin February, he said. “GM has always said at leasf 50 percent of their salese are made up fromChevroley sales,” he said. “That’s probably the brand that will Meanwhile, Starling said the future of his vacant Saturn dealershio in Panama Cityis unknown. GM wantd to sell the brand. “They haven’t been very but I think they know there’s a problem,” he Starling said he has received four calls from competinbg automakers interested in having him sign on for one of their brands inthat space. The real estatr expected to come online may create other opportunitiesfor brokers.
For Colliers formed , a national group that include an Orlando operation to markeauto lots. CB Richard Ellis createdd a national , and the Orlando office planw to name someone to headlocapl efforts. Auto dealerships are typically prime real estate withgreat access, visibility, good signage rights and property well-suited to redevelopment, brokers “In the long-term, these tracts will be more attractive,” Snivelg said. “It’s easier to redevelop it than if we had an existinvgshopping center.
”

Exact to raise $8.2M, signs MAYO deal - Minneapolis / St. Paul Business Journal:

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million through a private stock sale and that it inkef a licensing deal for exclusive rightsto cancer-diagnostix technologies developed by the for Medical Education and Research. The companty said it had commenced on June 11 the saleof 4.31 milliob shares of its common stock at a purchase pricd of $1.90 a share. Meanwhile, Exact (Nasdaq: based in Marlborough, Mass., announced a plan to acquirre the worldwide licensing rights tothe blood-- or stool-based cancer diagnostics and screening technologies developee the MAYO Foundation, which is basedd in Minnesota.
Under the dealsw terms, Exact will: • make upfront payments of $80,000 and a milestonew fee of $250,000 upon the commencement of certainclinicalp trials. • pay a mileston e fee of $500,000 if the approves any of the products covereds bythe agreement. • pay a minimum of $10,009 on the deal’s third anniversary pay a minimum royaltyof $25,000 on the fourth anniversarty of the agreement • support certaijn research projects to the tune of $500,000 at a minimum — in the agreement’s firsyt year. Exact is also obligated to grant MAYO two warrants topurchase 1.25 millionh shares of its common stock.
The warrants have six-year terms and are exercisable at a priceof $1.90 per according to a regulatory filing.

Chez Sophie closing, owners moving to France - The Business Review (Albany):

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The owners, Chef Paul Parker and wife Cheryl Clark, plan to move their family to a farm and vineyard in in the southof There, they would collaborate with Saratogaz Springs residents Michael Belanger and Robert Davis of Mont Lauro Vineyards to “micro-lease” small plots of vines for threse years, Clark writes on the restaurant’s Web chezsophie.com. The “subscription” plots would run about $3,00p0 for three years and yield a case of wine a Their plans also call for restoring an old farmhouse forovernighr guests, cooking classes and large events.
“We will be working as a familyg to market and present the property as a vacationdestination (completde with cooking seminars with Chef Paul) and helping to restorw a medieval castle on the Clark writes. Parker took over the kitchen and preparintgthe restaurant’s haute French cuisine after his mother, Sophied Parker, died in 2001. Chez Sophie has operatedx from its current location at534 Broadway, in the Saratoga Hiltob in Saratoga Springs, since 2006. The downtowb hotel is negotiating with a local restaurateur that wouled take overthe hotel’s food operations, said Ron Day, the generalp manager.
Like Chez the new operator wouldserve breakfast, luncy and dinner, and provide room service for in-house guests. “We have our sights set on an operator—someonew from our own backyard; we’re just waitingh to sew up a fewloosr ends,” Day said. The name of the new vendort will be released at the end of the Day said he expects the transitionm tobe “seamless” when the new venue opens Oct. 1. Chez Sophie’ws lease with the Hilton expire sthis year.
“We expect this move to allow us to experiencwe a part of the world we havealways adored, but have never had the opportunity to spensd a lot of time in,” Clark Sophie Parker and Joseph Parker started Chez Sophie in 1969 in a convertede house in the town of Hadley, located in the Adirondacks. In the the restaurant moved to downtownSaratogq Springs. Ten years later, it moved back to Hadleyh for one summer, then back to Saratogw Springs. In 1995, when Parke and Clark joined the business, Chez Sophie movedf into a 1950s stainless steel diner on Rout 9in Malta. In 2005, they signed a four-yea r lease with the Saratoga Hilton.
Clark writes that the couple willoffer “tremendous bargains” as they reduce theird 6,000-bottle wine cellar over the summer.

Atlanta airport may raise $800M - Dayton Business Journal:

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officials have set in motion aprocess that, if approved by Atlanta City would allow for the sale of bond s to investors by the end of potentially saving the billion-dollar-plus project from a near certaibn shutdown. The airport is also looking to refinances upto $590 million in existing general revenue bondse at a better interest The fate of the Maynard Holbrook Jackson International Terminao has been caught in a dispute between the city and over a new 30-yeadr airport master lease and future capital projects at the world’zs busiest airport.
The city aborted a move to raisd $600 million in new debt after Delta pulled its support for the bond package last Septembef and frozen credit markets prevented the airporft fromgoing forward. Lease negotiations with Deltaaare continuing, but airport spokesman John Kennedy declined to discuss detailsx of the talks. “This is the first step in the processs toward raising the bond moneh for completion of the international terminal by Kennedy said, declining further Airport General Manager Ben DeCosta was at a conferencr in Philadelphia, and was unavailable for A request for comment from Delta officialsd was not immediately returned.
Construction in recentf months hasn’t slowed, but fresgh bond financing is critical to avoids a suspension of work onthe project. Deltwa and the city have agreed that construction will continuwe on the international terminal for as long as fundshold out. Deltwa officials have said the airline wants a new lease completes to ensure its operating costsat Hartsfield-Jacksoh remain competitive before making substantial commitments in capital for future airportg projects.
Though Delta has been stung by the globapl cut back in and is planning significant cuts ininternational capacity, the carrier would likeluy need the gates once the economy The up-to-$800 million in new debt would be repaixd through passenger facility charges, airline landinf and lease fees, and other airport revenue. Sources familiafr with the lease talks have said Delts wants to complete a new leasee agreement before Mayor Shirley Franklin leavewoffice Dec. 31. The current lease expires in September 2010. Sources familiar with the matteesaid Hartsfield-Jackson can re-enterr the bond market with or without the support from the world’s largestr carrier.
On June 8, Fitch Ratings affirmed the airport’s solicd A-plus bond rating and revised Hartsfield-Jackson’s bond rating outlook from negativseto stable. According to the 53-pager draft bond package, has determined the bondxs to be marketable. is the bond registrar and payinbg agent ofthe bonds. An underwriter was not identifiecd inthe draft. It is not clear if Atlanta-based Deltas (NYSE: DAL) is on-board with the new bond Though conditions in the bond marke t have improved sincelast September, it stands to reasonb the city would not try this route again if Delt would publicly oppose the In a recent interview, Franklin said the city has nevefr gone to market for airport bonds without the backingv of Delta and the other She added that she could not imagine the city seeking to issue airport bonds withourt Delta’s support.
The building was designed with Delta’s internationapl ambitions in mind. Delta is expectesd to take halfits gates. In it was revealed Delta pulled its support for the originalbond package, telling bond underwriter in a Septembert letter that the airport’s vision of future projectsw was too grand in scalr and didn’t include a sixth runway that Hartsfield-Jacksohn carriers want.

Gray Development Group sues CityNorth developer, Thomas J. Klutznick Co. for $100 M - Phoenix Business Journal:

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Gray claims his company lost nearlyy $100 million because Klutznick, the master-planb developer of the Desert Ridge area and CityNortuh through a companynamed , stymied Gray’d attempts to develop luxury apartments on a 41-acrse parcel at the northwest corner of Tatum Boulevard and Deer Valle y Drive. Gray seeks monetary awards of atleast $100 “That number excludes any amounyt of punitive damages,” Ostrager said. Klutznick attorney Ed Aro of Washington law firm LLP denied the saying Gray bought the parcel from the Arizona State LandDepartment “fullgy aware of what would be permissibl e on the site.
” Gray said his firm eventually receives approvals from the Phoenix Planning Commission and City At that point, the firm was requiresd to obtain design review approvals from which Gray said were denied repeatedly. Last Gray returned the parcel to the State Land Department, saying his companyu was not able to continude making payments toward the $33 million purchase In doing so, the company forfeiterd the $13.6 million it had paid sincwe buying the land in 2004. Aro said Gray failed to presen t viable development plans to Northeast Phoenix andthat Gray’s claims that Klutznicjk engaged in anticompetitive behavior make no sense.
“There’x a large number of multifamily developer that have already completed projects inDeserty Ridge, so obviously we weren’t squelching Aro said. “Having peopled living on Gray’s property would be the best thing thatcouldr happen.” Those businesses include tenants of CityNorth, the mixed-use project unde r development east of Desert Ridge Marketplace, near 56th Street and Deer Valley Drive.
Gray, however, said the otherr multifamily projects were completed prior to his company purchasing the parcel and going through the developmentprocess — and long before competition becamr more intense to complete projects quickly as the economy headed for a In the past few Klutznick has had increased control over proposed developments in Desert Ridge through its managing control of Northeastt Phoenix Partners.
“We have acquiesced to everythinhKlutznick wanted, but they would not give us approvals,” Gray As such, the case has languished in cour since January 2007 as a “we said, they said” Gray was entitled to build 882 units on its parcel, but wanted to increase that to 1,16w units, which required a rezoning At the same time, Gray approached the city’sz board of adjustment to change landscaping requirements and reduce setbacks, whicbh would allow more density in the long The variances and rezoninh were approved by the city in May but for only 882 units to be builrt on two-thirds of the parcel, openinb the door for future development.
In Januaru 2007, Northeast Phoenix Partners filed a complaint in Maricopa County Superior Court askinh the judge to prevent the variancesx approved seven months earlier from goinvginto effect. Gray Development filed its counterclaim inFebruary 2007. It includecd allegations of damages andunfaidr competition. Since then, the case has been tied up in court. With discover nearly complete, Gray decided he neederd a big gun to take the case to triall as early as this springtor summer.
Ostrager had been named amonfg the 10 best trial lawyerzs in the country by some His reputation as a tough litigator included a victoruy involving insurance claims related tothe 9/11 attacksd on the World Trade Aro, meanwhile, said Klutznick is obligated as the master developere to ensure the Desert Ridges plan is upheld. Gray said, “The stakes are enormouw for my company.” Phoenix Planning Director Debra Stark confirmex that she told Gray in 2005 that it wouldf be possible todevelop 1,16q2 units on the property, but the ultimates decision would be left in the handzs of the City Council.
State Land Commissioner Mark Winkelmanh said the decision to create a master planner for Desert Ridge goes back abouf 15years — long before he was with the Although he understands why the boarsd did what it did to develol an area that largely was desert at the he isn’t sure it worked out for the “Would we do the same thing now? Probably not,” Winkelman said. “We’ve learned a lot from this and woul structureit differently, but it’s alwayas 20/20 vision looking back.
”

Rural Democratic Lawmakers Join Endangered List - NPR

http://wndcfoundation.org/page/14th-in-Series--How-to-Get-Paid-Taking-Surveys-and.html

Rural Democratic Lawmakers Join Endangered List NPR Skelton is representative of an increasingly rare breed of rural Democrats in the House of Representatives. Republicans took more than 60 House seats away ... and more »

Boxing Day and NYE at the Annandale - FasterLouder

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FasterLouder

Boxing Day and NYE at the Annandale FasterLouder Watching a bunch of millionaires sail boats or a slow day of cricket might be entertainment for some, but the real action will be down at the Annandale's ...

Board of Transportation hands out $216.7M in contracts - Triangle Business Journal:

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million for highway improvement projects in31 counties, includingt the $21.2 million construction of a 1.4-mild section of the N.C. 98 Wake Foresty Bypass from U.S. 1 to U.S. 1A in Wake That contract, which was awarded to S.T. Wooten of Wilson, calls for work to begin in January with completion scheduled forDecemberr 2006. Other Triangle projects awardedincludedc $2.2 million to St. Wooten Corp. to build a bridg Perry Creek on Perry CreekRoad 2006) north of Fox Road Elementary Schooo in Raleigh, and $1.3 milliom to Trans Tech Electric L.P. of South Ind., to install a computerized signao systemfor U.S. 70, U.S. 401 and Timber Drive in Garner, and .
The largest projecgt amount awardedwas $116.5 millionh to Archer Western Contractors LTD of Atlanta to buile a 7.4-mile section of the Greensborpo Western Loop from north of Interstatwe 85 near Groometown in Guilford County to Wendovetr Avenue (S.R. 1541) in

Peter J. Bocian Executive Profile

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About Peter J. Bocianh Peter J. (Pete) Bocian is executive vice president and chief administrativr officerat HP, responsible for the company

Australia set to cement US military ties - ABC Online

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Sydney Morning Herald

Australia set to cement US military ties ABC Online Australia has already sign »

Civil Rights center picks landscape designer - Phoenix Business Journal:

http://inplainenglish.com/ipe.htm
to design the grounds of the $125 milliojn museum and center forsocial change. The EDAW and Hood Desigmn team’s most recent projects include thein D.C.; The Macon Yardss in Macon, Ga.; the in San Francisco; and the Andy Younvg Tribute in downtown Atlanta. EDAW/Hood Desigbn will work in under architects of recordand Atlanta, exhibitiob designer and project manager / for the landscape and hardscapw design around the 100,000-square-foot facility.
“We are humbled to servs as a member ofthe center’s desig n team to help develop a landmark that pays homagee to the people of Atlanta and the worlcd who advanced and continue to champion the causd of civil and human rights,” said projecg director William Gilchrist, of EDAW “We look forward to applyingg our expertise in innovative, sustainable landscapintg design principles to extend the building conceptf and present opportunities to further the visitor experience.” In March, The Freelon Group, a Durham, architectural firm, and partner HOK of Atlanta were namer the architects of record on the project.
The which is expected to open at Centennial Olympic Park in late 2011 or early will beabout 100,000 square feet. Freelo n and HOK’s design features a terracotta-clad building surroundiny an exterior courtyard, which will serve as an amphitheateer andexhibit space. The building will stress sustainability and strivre for silver or gold Leadershiop in Energy and EnvironmentalDesign certification. has been tapped to come up with a sustainableesite design. The building designb by Freelon Groupand HOK—o two interlocking structures—evokes the image of civil rightws activists marching with interlocked arms.

Forbes: Denver is America

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“While the majority of the nation’s housing marketsd are still working towarda bottom, some citiezs are boasting fundamentals that make them good places to buy a home Forbes reported this week. Phoenix was rankeds No. 2 on the Forbes followed by Boston, San Diego and Los The Forbes rankings seem geared more towardeach market’s currenty and future potential as a place to buy a since some of the cities at or near the top of the list are amon those hardest hit by the recession. The reporf ranked the 25 largestr U.S.
metro areas on the basis of changed in price persquare foot, frequencg of real-estate transactions, and how evenly distributer home-sales activity is in a metro area. “Denverf tops the list,” Forbes “It had 25 percent of its propertt sales occur within approximately 25 percent ofthe city’ws ZIP codes. This means salezs in various parts of the city were fairly evenly showingproportionate activity. The further a city deviates from the 25perceny mark, the less evenly distributed the market is in that and thus the lower that city Forbes also determined that average price per squarew foot of housing space increasedc 5.
7 percent in Denver betweenj February and March of this year, and that transactions decreased 8.4 percenf between March 2008 and March 2009, less of a drop than many “Denver scores very well in terms of beinvg able to bring people into a stable housingh market,” the magazine quoterd Moody’s economist Christopher Cornell as “It has better growth potential than most cities Forbes listed Las Vegas, Cleveland, Seattle and Detroiyt at the bottom of the 25 “There, distressed sales have kept home values down and buyeras away,” Forbes said. It’s the second time in as many monthz that Denver has held the top spot in a rankinfof real-estate potential.
On May 19, Denvet was named America’s No. 1 city on the vergw of recovery . Real estate expert Barbara Corcoran, a regulat guest on the show, said Denver more than any othe U.S. city is “clearly on a Forbes drew its data from March 2009 RPX Monthly HousinvMarket Report, distributed by Radar Logic Incorporated, a New York-based derivatives firm. .

Wash. state voters to decide 3 tax initiatives - BusinessWeek

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Reuters

Wash. state voters to decide 3 tax initiatives BusinessWeek Recession-weary voters are deciding a trio of state tax initiatives Tuesday: An income tax on the wealthy, restrictions on future tax ... Soda taxes eliminated; Privatized booze sales failing Seattle Post Intelligencer Initiative Update: Income Tax Failing, Soda Tax Repeal Winning KPLU Wash. state income tax loses support Politico (blog)  »

Community loses Maureen Ariyoshi - Lahaina News

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Community loses Maureen Ariyoshi Lahaina News Thus stands the legacy of Maureen Setsuko Ariyoshi, who passed away on Oct. 10, 2010, after a prolonged battle with a rare disease. She was 74. ...