Monday, November 29, 2010
GM reaches concessions deal with UAW - Wichita Business Journal:
The UAW said in a statementt posted on its Web site Thursday that it reached the deal withGM GM) and the as an addendum to its 2007 collective bargaining agreement. “The tentativde understanding contains modifications to the labor agreement and to the independengt Voluntary Employee BeneficiaryAssociation (VEBA) according to the UAW. The union is witholding detailss of the deal pending an explanatiohn and ratification meetingsfor UAW’s GM membership. GM is facing a government imposed deadline of June 1 for comintg up with an acceptable plan for survivint the ecnomic crisis orfiling bankruptcy. GM announcecd in late April that it will draw anadditional $2 billion in U.S.
Treasuru Department loans to maintain adequate liquidity as it undergoex anaggressive restructuring. GM said the additionall loan amount brings the total financiny it has received from the Treasury to dateto $15.4 billion. If GM files for Chapte r 11, as struggling did in the bankruptcy court might order the deale network trimmed even General Motors plans to trimits 6,000-dealefr network by 40 percent by the end of 2010. GM told 1,10 0 dealers last week they won’t have their franchised agreements renewed after they expirein 2010. In addition to locationsz not having theirfranchises renewed, about 500 will close when GM phaseds out or sells its Hummer, Saab and Saturhn brands.
GM said recently that a bankruptchy strategy that would divid the company into good and bad parts nowappears probable. Chrysler is using a similar plan. The compant said in an updated regulatory filing for a bond exchangse that was launched in April that it remains committed to pursuing a bankruptcyy filing ifits debt-for-equity proposal proveas unsuccessful.
Friday, November 26, 2010
Prescription for Type 2 Diabetes: Cardio Plus Weights - TIME
The Hindu | Prescription for Type 2 Diabetes: Cardio Plus Weights TIME The study found that doing both types of exercise â" some days spent doing cardio, and other days lifting weights â" was effective, even if patients' total ... Exercise: For Type 2 Diabetes, 2 Types of Training Study: Reverse Type 2 Diabetes without Drugs |
Wednesday, November 24, 2010
Extreme Makeover: Home Edition taps Beavercreek homebuilder - Dayton Business Journal:
Beavercreek-based , an area homebuilder, will be featurede on the ABC reality joining with its own workforce and hundreds of subcontractors all volunteering to build a needy family a new The selected family and site of the new home will be reveale d at the end ofthe month. A neighborhood pep rally will take placs July 24 at Far Hills Church on Clyo Road in Centervilled forthe show’s producers and all the involvedf volunteers. This season’s theme is “Get On The Bus,” which capturesx the momentum of theObama administration’s focus on volunteerism.
In each Extreme Makeover: Home Edition will demonstrate the importancse of community service and invit a celebrity with locakl ties to the community to take part inthe build. “Igt was an honor to have been called by Extreme Makeovert to lead the building process and participated inthe show,” said Rob Arnold, president of Coventrhy Fine Homes and Prudential One Realtors, in a news release. “I n the coming weeks we will witness how thousandse of volunteers and generous sponsors in the Miamik Valley region can come together for a commohn cause to make a differences in alocal family’s life through our talent and support.
” Extreme Home Edition, which is entering its sevent h season, previously shot an episode in West Chester last The airing date of the new episodew is not known, but the seasohn begins Sept. 27.
Tuesday, November 23, 2010
Hot Topic sees increased same-store sales - Los Angeles Business from bizjournals:
Overall, the company saw a 7.1 percent increasse in same-store sales, which measure sales of stores open at leastone year. The company broughrt in $70.5 million during March, up 10.6 percenrt from a year ago. The company's Torrids stores saw a 5.9 percent drop in same-storer sales, bringing in $15.2 million, a 3.2 percent increas from a year ago. Hot Topic storez saw a 10.6 percent increase in same-storr sales, bringing in $55.3 million, up 12.8 percent from a year ago. The companu also increased its guidance for thefirst quarter, based on the same-storew sales figures. The company now expectsz to earn between 1 and 2 centzper share.
Previously, the company's range was from a loss of 1 cent a shars to earnings of 1 cent a Cityof Industry-based Hot Topic (NASDAQ: is a mall-based retailer that operates the Hot Topivc and Torrid brands that aim at young It also operates music websited ShockHound.
Sunday, November 21, 2010
In N.Y., Morgan Lewis tacks on 17 attorneys for energy issues - Philadelphia Business Journal:
Morgan Lewis Chairman Fran Milone said the transactional grouo willcomplement Philadelphia-based firm’ traditional strength on energy regulatory matters. The group’s practice focuseas largely on capital markets and transactions inthe electric, gas and nuclea r sectors. Morgan Lewis said it is trying to beef up its energt practice as concerns about climate change drive major investments in nuclear energy and carbon capture The group includes eight six counsel and three The 1,200-lawyer Morgan Lewis has more than 250 lawyer in New York. Former New Jersey Superior Courgt JudgeJoseph C. Visalli has joined The Ferrara LawFirm .
The Cherryg Hill firm specializes in plaintiffsd personalinjury work. Visalli, as of counsel, will be availablew to serve as an arbitratorand mediator, and will handle civil litigation. Firm founder Mike Ferrarz has known Visalli since their childhoodd 50years ago, and the two have remained the best of Visalli spent 22 years on the New Jersey Superio Court in Cape May County. He spent two yearas in family court and three years in criminap court before spending 17 years as the only judgs hearingcivil litigation. Litigator Keith Smity has left DLA Piperfor .
His practicse is focused on commercial litigation, producty liability and mass tort He spent 14 years withDLA … has hiref Ellen Ragone as its chief marketing officer. She was previously director of communicationsat , whichg recently hired former Dechert marketing director Eileenh Kenney as its new CMO. There has been quite a bit of turnovedr in the local law firm CMOcommunity lately, Morgan Lewis and Cozen O’Connor hired new ones and , Wolf Blocm and and saw their top marketers depart.
Saturday, November 20, 2010
RTD to get $18.6M from stimulus for Union Station project - Houston Business Journal:
million in federal stimulus funds for work at DenveUnion Station, the announced Wednesday. The grant will help pay for desigbn and construction at the historifctrain station, which is to be convertedr into a terminal for several different transportationb modes. RTD is carrying out the transit portion of the overall UnionStatioh redevelopment. The station will be a hub for the regionaltransity agency’s planned “FasTracks” rail transit project. It will also be used by many RTD The $18.6 million comes from a pool of $8.
4 billiojn for transit capital improvements authorized under the American Recoverty and Reinvestment Act of signed into law in Denverf by President Barack Obama on Feb. 17. “Byu reinvesting in our nation’s transit we are making our communities more invigorating thelocal economy, and puttinhg America back to work,” U.S. Transportation Secretary Ray LaHood said Wednesday in a The total cost of redeveloping union station for transit is expecteds to costabout $478 RTD plans to pay about $208 million, with the balancse coming from federal money and other locao sources, Roger Sherman, chief operating officer at Denverr lobbying firm CRL Associatez Inc.
and spokesman for the Denverr Union StationProject Authority, said in May. RTD separately is seekingf stimulus funds for a varietty ofother projects, including $17.1q million to purchase new fareboxes for the transitg system’s bus fleet.
Thursday, November 18, 2010
Action by regulators to keep soaring in Washington state - Puget Sound Business Journal (Seattle):
The banking veteran had just been brough t out of retirement to lead a massive turnaroundx atFrontier Financial, the holding company of Everett-based . The largesrt commercial bank headquartered inWesterb Washington, Frontier was suffering under the weighft of bad construction loans and was strugglinfg to raise capital. Only a year earlier, it was nationallyy ranked as the country’zs best performing financial institution. Now Fahey held a regulatoryg enforcement orderto “cease and desist” — thres words bankers dread.
The recently formalized and made public, said Frontiefr must stop unsound practices and take immediate action to improv its financial outlook or face penalties that could include fines and removalof “The regulators are being very tough,” Faheyg said in an interview. “But I want the scrutiny. I don’tg want a mistake.” As recently as several years ago, any type of bank intervention by regulator swas “very rare” and occurred only “in the most egregiousx of circumstances,” said Fahey, who startedf his banking career in the 1960s. Today, Frontier is one of five Washingtom banks operating under regulatortenforcement orders.
A sixth, , recently disclosed that regulators will soonstep in. Bankinhg experts say more banks are likely to face interventio in coming months as bad loans continur topile up, whittling away at capita levels. This could include “cease and desist” orders, or othef orders that are evenmore strict. “We haven’f had this volume of enforcement activityt inmany years,” said Brad Williamson, directorf of the division of banks at the Washingtom Department of Financial Institutions. Nationally, the pictur is equally dismal. Enforcement actions have jumpefd 72 percent to 313 in 2008 from according to the Federal DepositInsurance Corp.
So far this year, the federap regulator has seen 69 enforcement The unprecedented increase in regulatoruy intervention at banks across Washington shows the continued weakness of thefinanciao sector. It also sheds light on the timeframe for regulatorsto act. Some banksz are taking drastic steps even beforde regulators hand them anintervention order. Frontier and otherse are trying to restore confidence and borrowing fromeach others’ playbooks — are reaching out to beefing up their websites and re-traininy employees. In addition to Frontier, Horizon Bank in of Bremerton and Bank Reale of Pasco all are operatingt under cease anddesist orders.
Venture Bank in Lacey is operatinvg under a harsher regulatory ordetr that requires it toraise $1.2 billion in capitalk or sell itself by mid-April. Like many Washingtoh banks, Frontier’s problems stem from vast exposure to constructionh loans that went bad as builderz failed to sell homes in the downhousinfg market. At the time of its examinatio n by regulators last the bank’s problem loans were beginning to skyrocket. By the end of bad loans had balloonedto 10.9 perceny of all assets, or $446 million, up from 0.53 percentt at the end of 2007.
its capital levels — crucialk in buffering against bad loans droppedto $352 million in the fourtn quarter of last year, from $443.78 million in the previous quarter. The however, was still considered well capitalized, although for 2008, it posted a loss of $89.t5 million. All of these numbers are closeluy watchedby regulators. But Williamson of the DFI declined to commentg on the specific mix of performance ratios that might triggeer anenforcement action. A cease-and-desist order “doezs not mean failure is imminent,” he said, but the order is alwayds one of the steps taken before a bank isshut down. “Cease and desistt orders are a seriousenforcement action.
” Othetr forces can determine why regulators have steppex in at some Washingto banks and not others. Often it come s down to time. Federal regulators are spread so thinly these days that expertz say some banks have only dodged enforcement action becausre of abureaucratic backlog. “I would guess you will see more directivezs come down as a resultof (bank) examinationz that were done months ago,” said Jim who runs a self-name bank consulting firm. That could help explain why Frontieer was slapped witha cease-and-desist order before Lynnwood-based City Bank, whicb disclosed earlier this year that more than half of its assetds are non-performing.
Tuesday, November 16, 2010
St. John Properties takes over Opus East business park at Aberdeen Proving Ground - Denver Business Journal:
U.S. Army officials worked feverishly over the past week topull St. John Propertiea into the fold, fearful the project would come to a halt if Opus East filed for bankruptcy protection before an arrangementt couldbe struck, company spokesmanj Gerard J. Wit said in a telephons interview Tuesday. “It was a real week-long effort to get this done,” Wit “We’re going to get in and try to kick-stargt this right away.” Aberdeen is gearing up for a significangt influx of military jobs undethe Pentagon’s Base Realignment and Closure expected to be completed by September 2011.
About 8,200o military jobs will be transferred tothe base, in additioh to as many as 18,000 private contractinyg jobs from companies that do businesxs with the incoming military agencies. The approve d Opus East's selection of St. John Propertie s to take over the Government and Technology Enterprise business park because of theBaltimore developer’s ability to move forward with new Bob Penn, program director with the Army Corps, said in a As in taking over the project, including (NYSE: OFC) and Manekin LLC.
Opus East was awardefd rights to developthe government-ownedf land under a lease with the Army in November 2007 and broks ground on its firsft building in December of that Since then, the company became straddled with millions of dollar s in construction loans it has been unabler to refinance, and the company has not starter any new construction at the project for more than a The deal was inked June 19 between Opus St. John Properties, with the backing of the St. John and the Army Corps of Engineerzs issued statements Tuesday announcing the Witsaid St. John will pay Opus East an undiscloserd amount of money for its development rightsat Aberdeen. In connection with the deal, St.
John has hiree Opus East project manager Matthew Holbrook to oversee the GATE project as its directore of defense andgovernmentt business. “Aberdeen Proving Ground is excitedx about moving the projecg forwardwith St. John Properties,” Tim McNamara, APG deputyy garrison commander, said in a statement. “We considetr it a positive step to have theidr experienced management team spearheadingthe build-outf of this project.” As the to help it consider options including bankruptcy. Its parent company, , has also sought bankruptcy protectionfor it’s Opus South subsidiary and for two more subsidiariews of its Opus West regional operation. Opus Corp.
spokeswoman Winsto Hewett said Opus East is still evaluating its options but has not made any decisiondabout bankruptcy. The company was forcee to relinquish its rights to the Aberdeen projectr because it has been unable to finance morethan $50 milliohn in construction loans it took out to financee its projects. Most pressing among those debtis $35 million the develope r spent to build a new headquarters for the National Oceanicc and Atmospheric Administration in Collegr Park, for which it has sued the federal governmenrt to collect its wages on that project, Hewetgt said. St.
John plans to brea ground in the next two months on at least three new buildinges at the Harford Countgymilitary base, with commitments from defense contractorw for up to 300,000 square feet of research and development space, Wit Wit did not disclose the names of any of thoser tenants. Those buildings would be in addition toa 60,000-square-fooy building Opus East completed in Decembed 2008 for defense contractor “We view this development as the most significanyt commercial real estate opportunity in the historg of our company,” St. John President Edwar d A. St. John said in a statement.
“This is basec on the amount of square footage that can eventually be developed as well as the important work that will be completerby end-users that occupy this space.” St. John Propertied is the third-largest property management firm in Greater with nearly 11 million square feet of commercial spacw inthe region. But takinyg over the Aberdeen project represents a shifft forthe company, which has sought to tap into the demanf for government contracting space up until now. Wit said the compang has also sought in the past to buy land for its own rather than to lease property from the governmentf such asat Aberdeen.
Opus East preliminarily receivecd commitments from firms seeking space atits 413-acre Governmentf and Technology Enterprise businessd park but did not start any additionao construction. The developer was unwilling to divide any of its buildingainto multi-tenanted space, Wit said, preferring instea to construct buildings for a single tenant. That’w created a pent-up demand for companies seeking from 5,000 square feet to upward of 20,000 squarew feet, Wit said. “For all the hoopla that BRAC has there’s really only one building that Opus was able to Wit said.
“If you don’t have the place to park those people, if you don’t have the buildings to put them in, theres was going to be a reallogistical problem.”
Monday, November 15, 2010
A Path the world isn't meant to see - CNET
CNET | A Path the world isn't meant to see CNET SAN FRANCISCO--The offices of Path float 40 stories above the city in one of the upper floors of a residential tower just a block away ... |
Saturday, November 13, 2010
Friday, November 12, 2010
Gold, Silver Futures Drop on Speculation China Will Boost Borrowing Costs - Bloomberg
Gold, Silver Futures Drop on Speculation China Will Boost Borrowing Costs Bloomberg Silver also declined. Equities fell worldwide on bets the People's Bank of China is preparing to raise borrowing costs to fight inflation, which topped a ... |
Thursday, November 11, 2010
Sink draws heat over use of state plane - Orlando Business Journal:
In April, her office announced that stater travel logs chronicling the flights of state employees on stat e planes would be posted on line by the Floridq Department ofManagement Services. On Monday, a statre employee said he filed an ethicss complaintagainst Florida’s Chief Financial officer allegingy that she misused the state Jose Blas Lorenzo Jr., an attorney who works for the Departmentr of Education, filed the He said he was "incensed" by some of the informatiojn he has read in news articles about Sink’s use of the plane and did some research of his own.
He figuresa that since announcing her plans to run for Sink has rackedup $11,000 in plane travel that'es unrelated to her official duties. “I am just concerned, very Lorenzo said. “I live in the state, my children grew up I pay my taxes, I work for the what example isshe setting?” he asked. In his Lorenzo claims that on at least one Sink flew on the statr plane on the first leg of a flight with a destinatiomn for a vacation inthe Bahamas. He said that on other occasions Sink has used the plane to drop off her Bill McBride, or pick up her son. a Democrat, is running for Calls to her office for comment were notimmediatelyy returned.
However, according to published reports, she has ordered her offics to conduct a review of herplane use. Attorne y General Bill McCollum, who is a Republicanb candidatefor governor, was also subjecrt of the joint stories by the and for traveol to his home in Central Florida. “McCollum has spent severakl personal days campaigning and not used astate that’s indicative of something,” Lorenzo said. A chec of campaign contributions found that Lorenzo supported Charlie Crisrt in his run for donating $200 in 2006 and $150 in 2005.
Tuesday, November 9, 2010
Franklin Street Properties Corp. Announces Third Quarter 2010 Results - MarketWatch (press release)
Franklin Street Properties Corp. Announces Third Quarter 2010 Results MarketWatch (press release) Financial Results AC Real Estate Portfolio Summary Information D Portfolio and Other Supplementary Information E Quarterly Information F Percentage of ... |
Monday, November 8, 2010
Miami Heat's Bosh, James trying to find a good connection - MiamiHerald.com
Washington Post | Miami Heat's Bosh, James trying to find a good connection MiamiHerald.com Forward Chris Bosh approached teammate LeBron James on Friday night during the Heat's return flight from New Orleans and wanted to talk ... Nets vowing to play tough this season Even at 5-2, Heat know the process is continuing Is LeBron James the answer for the Heat at point guard? |
Saturday, November 6, 2010
Monarchs' new roster set for season opener - Atlanta Business Chronicle:
The Monarchs are returning fourWNBA All-Stars in Rebekkajh Brunson, Kara Lawson, Ticha Penicheiroo and DeMya Walker; seven players from the 2005 WNBA Championshipl team in Brunson, Lawson, Hamchétou Chelsea Newton, Penicheiro, Nicole Powell and and three additional veterans in Laura Harper, Crystao Kelly and Scholanda Robinson. The team has a rosterd of 11 players. One new addition to the 2009 Monarchs’ team is forme Monarchs player Maïga-Ba, who played for Sacramentop between 2002 and 2005 and signed withthe now-defunct for two seasons in 2007 and 2008.
The Monarchs re-acquired her throughh free agency this past off Another new addition isCourtney Paris, who was the 2009 WNBA first round draft pick and the seventb overall pick in the The Monarchs open their 13th WNBA seasob at 1 p.m. Saturday at Arco Arenz against theSeattle Storm. All fans attendinvg the game will receive an opening day pinand
Friday, November 5, 2010
Philadelphia men are charged with weapons possession after being injured in NJ ... - The Star-Ledger - NJ.com
Philadelphia men are charged with weapons possession after being injured in NJ ... The Star-Ledger - NJ.com Marcus Proctor, 26, Zarik Prince, 28, and Shannon Foreman, 19 pulled into a construction zone on the southbound side of the Turnpike at 3:30 am Prince, ... 3 face charges in turnpike shooting |
Wednesday, November 3, 2010
ZeaChem to spend $40M on new ethanol plant - Denver Business Journal:
That was left to millions of years ofMother Nature’sa work, creating bacteria that live and work in the belliexs of termites around the world. The bacteria, called consume plant matter and churh outacetic acid, which is similard to vinegar. Zeachem marries that biochemical reaction with heat for a thermochemicalp reaction that results in ethanol and other chemicakl products forthe market. “That lowl termite — Mother Nature spent a few millio years making the termitepretty well,” said Imbler, presideng and CEO of Lakewood-based ZeaChem. “There’s no new no new equipment. We’re takingv things that already exist.
” The first generation of ethano l used corn asthe feedstock. The second generationh focused on cellulosicmaterial — nonfoor plants — and used either enzymes or gasificatioj to produce ethanol. The third generation, where ZeaChem lies, uses a mixturre of the two, Imbler Imbler said ZeaChem’s process produces very littler carbon dioxide as a byproducr compared to otherbiofuekl processes, and is more ZeaChem’s process produces about 135 gallons of ethanol for every ton of dry biomasa (plant material). Other methods get aboutf 90 gallons of ethanolper ton, he said. Ventur capitalists and refining companies aretaking notice.
ZeaChem announced in early January it hadattracted $34 millionb in a second round of fundraising, givingt the company a total of $40 milliom to build and operate a demonstratiomn plant in Oregon. The first $6 millionn was announced in summer 2007. The demonstration plant, expecterd to produce about 1.5 million gallons of ethanolp a year, is scheduled to break ground this year and starg operationsin 2010, Imbler said. ZeaChem has 25 half in Denver and the rest workinb on research inMenlo Calif. (NYSE: VLO) contributed to the second San Antonio-based Valero is the largest refinin g company in theUnited States.
ZeaChem was the firsyt investment contractValero signed, through its new alternativse energy and project development group, Valerpo spokesman Bill Day said. Valero also has invested in , a algae-to-fuell startup in Fort Collins, which Solix announced last “It’s a new thing for Valero,” Day said of investingh in alterative-fuel companies. “We make and sell motore fuel outof oil. This is an attempt by us to look towarc the future and see what kindof alternative-energy busines s lines there might be. “Wes concentrated on areas wherr we think the companies have a viabl business plan and an ability tomove forward.
” ZeaChenm also has funding from Firelake Capitalo Management LLC, based in Palo Calif., which invested in both “We believe that the ZeaChem technology offered the highest carbon yield of any of the biofuelsa that we looked at,” said Martin a co-founder and managinbg partner of Firelake, and a ZeaChem boare member. “We believe it’s a mistake to focus on biofuelsa that require food asa feedstock, and we’ve focusefd exclusively on nonfood biomass,” Lagod Another Denver-area biofuel company to score fundinbg is Broomfield-based The U.S.
Department of Agriculture gave it a conditional commitmenr foran $80 million loan guarantee to help build Ranges Fuels’ first commercial cellulosic plant in Georgia, the compangy announced Jan. 19. Range Fuels will use Georgia’s wood and wood wastde from its pine forests toproduces ethanol. ZeaChem uses a combination of biochemistry and thermochemistry to make Range Fuels usesonly thermochemistry.
Tuesday, November 2, 2010
On eve of signing deadline, Ritter OKs bills for truckers, movies, restaurants - Nashville Business Journal:
But economic developers and investors must continues to wait to see if the governotr will come to their aidbeforer Friday’s deadline to sign or veto Ritter began the day at the Alliance for Sustainablre Colorado Center in downtown Denver, signing three bills that he said will continud to build the state’s “New Energyh Economy.” House Bill sponsored by Reps. Buffie McFadyen, D-Pueblo West, and Cory Gardner, R-Yuma, lets trucking companies get 25 percenf reimbursement of the cost of buying andinstallingy fuel-efficient technologies and emission-control devices.
More importantly, McFadyen it prorates sales tax on truckiny equipment based on the percentage of milesx companies drive in Colorado and it allows truckerzs finally to take advantageof enterprise-zone tax breaks. “Thizs bill is so incredibly important to the not only for the environment but for the survival of truckers that are in she said while tearing up at the HouseBill 1331, sponsored by Rep. Sara Gagliardi, expands the pool of vehicles eligiblefor alternative-fuel tax creditas to include those that run on cleaner-burningy natural gas. It also eliminates eligibility for some hybridd vehicles that arenot fuel-efficient, said sponsoringt Sen. Betty Boyd, D-Lakewood.
Ritter noted that the Colorado Oil and Gas Associatioj and the nonprofit group Environment Colorado both supportexthe measure. “If COGA and Environmenyt Colorado agree, it has to be a greaft bill,” he said. And Senate Bill 75, championed by the companyh Aspen Electric Cars and allows drivers tooperate low-speedc electric vehicles on most roads with spees limits of 35 mph or From there, Ritter went to the offices in Denver and signed a measuree to re-establish the Colorado Office of Television and Media. House Bill 1010, sponsored by Rep. Tom R-Poncha Springs, and former Rep.
Anne D-Denver, allows the office to solicit gifts and donationds to offer incentives to producers to make filmzs inthe state. “I believe this move signalsa that Colorado is becoming serious about attracting productionb to the stateonce again,” said Kevin Shand, executive director of the Coloradop Film Commission. “By becoming part of the statseonce again, the film office will once againj have resources to market Coloradio effectively and help expand our economiv development efforts in a new and different Finally, Ritter returned to his Capitokl office to sign nine separate bills, including measurew to help the restaurant and broadband industries.
Senate Bill 121, sponsored by Sen. Al White, eliminates the sales and use tax restaurantws must pay when offering freeor reduced-price meals to Senate Bill 162, sponsored by Sen. Gail D-Snowmass Village, requires the Office of Information Technology to create a map of where broadband technology is availablre and not available inthe state. Ritter has not announced his intentionsd on at least two bills being watchefd closely by thebusiness community, however. One is Senats Bill 173, which would allow local governments to work with the state Economic Development Commission to offer incentives to attract andbuild tourism-generatinh projects.
The bill is considered key to landingf either of twopotential auto-racetrack projects east of Aurora. The othef is House Bill 1366, which limits the Colorado-source capital gainx subtraction to thefirst $100,000 of gains on assets held for five years or If signed, the bill would generate $15.i8 million to help balance the