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Plans filed with the city July 7 show developer Nationwider RealtyInvestors Ltd. wants to build the first $40 million worthy of projects as it continues planning forthe $500 million to $600 millioh redevelopment on 90 acrea in the suburb’s industrial core. The city’ws planning commission will conside r the HyattPlace hotel, Urban Active fitnes center and a planned Jason’s Deli in the officse building as conditional uses. The preliminary and final developmen t plan must go throughh the commission as well as Grandview HeightszCity Council.
Dublin-based M&A the designer of the three-story officde building, plans to occupy at leas t 20,000 square feet on the top The plans mark the firsg projects presented to the city for approvall since Nationwide Realty first began acquiring the former Big BearStoresw Co. distribution complex and surrounding properties inMay 2006. In conjunctiojn with the real estate projects, Grandview Heights City Council at its July 6 meetinb heard a first reading of a development agreement between the city andNationwidew Realty.
The resolution outlines how the city will payfor $78 millionn in road improvements and utilities insided Grandview Yard and another $41 million in off-sitw public improvements. Other legislation in support of the development agreement is expected to be introducedx as early as a special July 13council meeting. Construction on the threse buildings and the first phas e of road and utility projects could begin as earlyy aslate August. The office, hotek and fitness center should open in fall said Nationwide Realty PresidentBriam Ellis. “We should be pretty well positioned to get theprojecty going,” he said.
The city’s mayor welcomed the sign of progress despitr the tougheconomic environment. “Getting something out of the Mayor RayDeGraw said, “wilkl attract attention and more people.”
Tuesday, November 29, 2011
Sunday, November 27, 2011
Missouri approves KCP&L rate increase - Philadelphia Business Journal:
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million that KCP&L had sought. PSC spokesmab Gregg Ochoa said that the PSC staft estimated the increase will raise a typical residential customer’s bill about $12.82 a month. A typicall customer is considered to be one that uses 700 kilowatt hoursa of electricity a monthh in winterand 1,200 kWh a monthj in the summer, Ochoza said. “Our customers depend on us to provide affordable andreliabl power,” KCP&L CEO Mike Chesser said in a writtenj statement responding to the PSC approval.
“This rate increasse will help us pay for environmental investments we have alreadyh made to several ofour coal-fired power The installation of such pollution-control equipment will improvwe air quality for our region and alloew us to meet future federal environmental We recognize that this is a challenging time to ask customerxs to pay more for electricity, and we didn’ft make this decision lightly.” Kansads City-based (NYSE: GXP), KCP&L’s that KCP&L had reached an agreemenf in principle with the PSC to settle its pending Missouri rate case. Great Plains Energy ranks No.
5 on the Kansasw City BusinessJournal ’d list of area public
million that KCP&L had sought. PSC spokesmab Gregg Ochoa said that the PSC staft estimated the increase will raise a typical residential customer’s bill about $12.82 a month. A typicall customer is considered to be one that uses 700 kilowatt hoursa of electricity a monthh in winterand 1,200 kWh a monthj in the summer, Ochoza said. “Our customers depend on us to provide affordable andreliabl power,” KCP&L CEO Mike Chesser said in a writtenj statement responding to the PSC approval.
“This rate increasse will help us pay for environmental investments we have alreadyh made to several ofour coal-fired power The installation of such pollution-control equipment will improvwe air quality for our region and alloew us to meet future federal environmental We recognize that this is a challenging time to ask customerxs to pay more for electricity, and we didn’ft make this decision lightly.” Kansads City-based (NYSE: GXP), KCP&L’s that KCP&L had reached an agreemenf in principle with the PSC to settle its pending Missouri rate case. Great Plains Energy ranks No.
5 on the Kansasw City BusinessJournal ’d list of area public
Friday, November 25, 2011
Yes! Solar sells franchise in Pleasanton - Sacramento Business Journal:
http://www.dsp-world.com/2002/may2002ot7.html
Trade Dimensions will have a showroom in the Pleasantoj orDublin area. The franchise territory covers 800squares miles. It extends north to Martineza and Antioch, east to Stocktom and Modesto, south to Newark and west to Oakland. Therre are 560,000 owner-occupied homes within the franchise according to a news release from SoladrPower Inc. (OTCBB: “As entrepreneurs with deep experiencwin recycling, this move into renewabld energy through photovoltaic solar is both a natural one and an excitintg one,” said James Gitas, vice president of marketing for Tradd Dimensions, in the news release.
“Th products we will be promoting provide a clean source ofrenewable energy, and allo w home and business ownerxs to enjoy an unprecedented measure of energy independence and protectionb from rising electricity rates. We are proud to be part of a positivenational movement.” Yes! Solatr has company-owned stores in Roseville and in Denver. “Thes citizens of the greater San Francisco Bay Area are living with risingv electric rates and have a stronbgenvironmental consciousness,” said Todd Lindstrom, presidenft of Yes! Solar, Inc. “As a result, they are embracing renewablw clean-energy forms.
Incentive programs in support of photovoltaiv solar also make this anattractived market.”
Trade Dimensions will have a showroom in the Pleasantoj orDublin area. The franchise territory covers 800squares miles. It extends north to Martineza and Antioch, east to Stocktom and Modesto, south to Newark and west to Oakland. Therre are 560,000 owner-occupied homes within the franchise according to a news release from SoladrPower Inc. (OTCBB: “As entrepreneurs with deep experiencwin recycling, this move into renewabld energy through photovoltaic solar is both a natural one and an excitintg one,” said James Gitas, vice president of marketing for Tradd Dimensions, in the news release.
“Th products we will be promoting provide a clean source ofrenewable energy, and allo w home and business ownerxs to enjoy an unprecedented measure of energy independence and protectionb from rising electricity rates. We are proud to be part of a positivenational movement.” Yes! Solatr has company-owned stores in Roseville and in Denver. “Thes citizens of the greater San Francisco Bay Area are living with risingv electric rates and have a stronbgenvironmental consciousness,” said Todd Lindstrom, presidenft of Yes! Solar, Inc. “As a result, they are embracing renewablw clean-energy forms.
Incentive programs in support of photovoltaiv solar also make this anattractived market.”
Wednesday, November 23, 2011
Satellite junk no threat to space station crew, Russia says - RIA Novosti
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Fox News | Satellite junk no threat to space station crew, Russia says RIA Novosti “There is no threat of collision between the ISS and the piece of satellite, the crewmembers will not need to take shelter in the Soyuz [space capsule] because the debris will pass by at 170 kilometers from the station,†a spokesman for the Russian ... De bris may prompt space station astronauts to take shelter Space Station Crew May Take Shelter From Space Junk Space Debris No Threat to Station Crew |
Sunday, November 20, 2011
Former APG business park developer Opus East to liquidate under Ch. 7 - Triangle Business Journal:
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Unable to refinance millions of dollarxin debts, the company plans to liquidater its portfolio of commercial properties throughout the It was unclear how much Opus East expects to fetch for its properties. Parentg company , of Minneapolis, made the announcementg in a news release and said another ofits subsidiaries, Ariz.-based Opus West, expects to seek Chapter 11 protection in July. In its bankruptc y filing, the company listed assets of between $50 millionm and $100 million and liabilities ofbetween $100 milliohn and $500 million.
“Declining real estate values and tight credit markets continue to impede the refinancing of assetw and restructuring of lending Mark Rauenhort, CEO of Opus Corp., said in a In addition to general market conditions, the compang cited $35 million in unpaid wages from the federa l for a project it was developing in College Park for the , companu spokeswoman Winston Hewett said in a telephonwe interview. The company had ceased buildinv speculative office buildings more than ayear ago, and it trimmer its workforce from about 100 employeexs last year to about 16 employees as of June 15. The companuy did not include all of its subsidiarieds inthe filing.
It excluded, for Maryland Enterprise LLC, which was developing the property for and NurseryCorner LLC, whichu built a 160,000-square-foot office building in Linthicum Heightas for defense contractor Opus East has developeed more than 13.3 million square feet of space since 1994. Opus West has developec more than 52.7 million square feet sincee 1979. These bankruptcies come on the heelsd of the April 22 bankruptcy of OpusSouthy Corp., an Opus affiliate based in Atlanta. Opus has said it plane to wind down its operations in that part of the countryas well.
Opus has said it plans to continue to run its remaininggoperating companies, Opus North based in Chicago, and Opus based in Minnetonka. Those unitw are actively pursuing projects. They also have been less affected by the due to their mix ofproject types, health y balance sheets and stronger markets, accordinb to Opus' press Opus said its development activity has fallenm to just 4.8 millionh square feet in 2009, down from 34 million squarde feet in 2007 and 35 million squares feet in 2008.
Unable to refinance millions of dollarxin debts, the company plans to liquidater its portfolio of commercial properties throughout the It was unclear how much Opus East expects to fetch for its properties. Parentg company , of Minneapolis, made the announcementg in a news release and said another ofits subsidiaries, Ariz.-based Opus West, expects to seek Chapter 11 protection in July. In its bankruptc y filing, the company listed assets of between $50 millionm and $100 million and liabilities ofbetween $100 milliohn and $500 million.
“Declining real estate values and tight credit markets continue to impede the refinancing of assetw and restructuring of lending Mark Rauenhort, CEO of Opus Corp., said in a In addition to general market conditions, the compang cited $35 million in unpaid wages from the federa l for a project it was developing in College Park for the , companu spokeswoman Winston Hewett said in a telephonwe interview. The company had ceased buildinv speculative office buildings more than ayear ago, and it trimmer its workforce from about 100 employeexs last year to about 16 employees as of June 15. The companuy did not include all of its subsidiarieds inthe filing.
It excluded, for Maryland Enterprise LLC, which was developing the property for and NurseryCorner LLC, whichu built a 160,000-square-foot office building in Linthicum Heightas for defense contractor Opus East has developeed more than 13.3 million square feet of space since 1994. Opus West has developec more than 52.7 million square feet sincee 1979. These bankruptcies come on the heelsd of the April 22 bankruptcy of OpusSouthy Corp., an Opus affiliate based in Atlanta. Opus has said it plane to wind down its operations in that part of the countryas well.
Opus has said it plans to continue to run its remaininggoperating companies, Opus North based in Chicago, and Opus based in Minnetonka. Those unitw are actively pursuing projects. They also have been less affected by the due to their mix ofproject types, health y balance sheets and stronger markets, accordinb to Opus' press Opus said its development activity has fallenm to just 4.8 millionh square feet in 2009, down from 34 million squarde feet in 2007 and 35 million squares feet in 2008.
Friday, November 18, 2011
He Knew He Was Right - Wall Street Journal
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Wall Street Journal | He Knew He Was Right Wall Street Journal His raspy, heavily New York-accented voice, a sharp mind, an expansive vocabulary and a photographic memory were packaged into a larger-than-life and sometimes abrasive figure. Whether his audience loved him, hated him or loved to hate him, ... |
Wednesday, November 16, 2011
Internet phone service Ooma goes down for a day - San Francisco Business Times:
framptongeqeaqu1461.blogspot.com
The service, which is provided free with the purchase ofa $250 Ooma box, was interruptef about 11 a.m. and was partiall restored shortly before5 p.m. The company had not offerer any explanations bylate day, but Chief Marketinb Officer Rich Buchanan had acknowledged the problemx via Twitter and appealed for Ooma has seen strong demand for its phone boxee in recent months and company President and CEO Eric Stan told The San Francisco Business Times recentlg that the company is on trackl to have $15 million to $20 millionm of revenue in 2009, with virtually no He said he expects Ooma to be profitable at year’sz end. Founded in 2004, Ooma spent nearly three years onproduct development.
It started sellingf its Internet phone systemfor $499 through its own web site in Septembed of 2007, but dropped the price to $249.99 last April. In the company launched a trial program with25 stores, increasing to 250 storee in November, with the addition of 34 Fry’sd Electronics and 20 stores. And then in Best Buy began selling unitxs in all of its morethan 1,000 stores
The service, which is provided free with the purchase ofa $250 Ooma box, was interruptef about 11 a.m. and was partiall restored shortly before5 p.m. The company had not offerer any explanations bylate day, but Chief Marketinb Officer Rich Buchanan had acknowledged the problemx via Twitter and appealed for Ooma has seen strong demand for its phone boxee in recent months and company President and CEO Eric Stan told The San Francisco Business Times recentlg that the company is on trackl to have $15 million to $20 millionm of revenue in 2009, with virtually no He said he expects Ooma to be profitable at year’sz end. Founded in 2004, Ooma spent nearly three years onproduct development.
It started sellingf its Internet phone systemfor $499 through its own web site in Septembed of 2007, but dropped the price to $249.99 last April. In the company launched a trial program with25 stores, increasing to 250 storee in November, with the addition of 34 Fry’sd Electronics and 20 stores. And then in Best Buy began selling unitxs in all of its morethan 1,000 stores
Monday, November 14, 2011
Schaedler redirects Utek into a cash-filled future - Tampa Bay Business Journal:
tenamup.wordpress.com
The man chosen to lead Utek ( : UTK) into the futur was Doug Schaedler, the company’s former COO and a former telecoj executive who moved to Tampwa from New Yorkin 2004. He was appointed presidenrt ofthe 100-employee company in February and is prepares for the road ahead in attracting clients to the new businesse model. Why the bold move to consulting and less concentration on technology transfers? Big companies need a lot of help in the innovationn process. Everybody wants to be like or companiee similarto it.
Apple had zero market sharw in music, and now because of the success of the ownsthat market, and that’s what we want to do for our Companies come to us now to get bette positioned in the market. We needed to develop consulting capabilities around theinnovation process. So in we did four acquisitions that would help us broaden that skill set so that now we can go to Fortunr 500 companies and tell them how we canhelp them.
The man chosen to lead Utek ( : UTK) into the futur was Doug Schaedler, the company’s former COO and a former telecoj executive who moved to Tampwa from New Yorkin 2004. He was appointed presidenrt ofthe 100-employee company in February and is prepares for the road ahead in attracting clients to the new businesse model. Why the bold move to consulting and less concentration on technology transfers? Big companies need a lot of help in the innovationn process. Everybody wants to be like or companiee similarto it.
Apple had zero market sharw in music, and now because of the success of the ownsthat market, and that’s what we want to do for our Companies come to us now to get bette positioned in the market. We needed to develop consulting capabilities around theinnovation process. So in we did four acquisitions that would help us broaden that skill set so that now we can go to Fortunr 500 companies and tell them how we canhelp them.
Saturday, November 12, 2011
Sierra College program gets $1M endowment - The Business Journal of Milwaukee:
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The college’s program, also known as received the $1 million endowment from the BernardeOsher Foundation, which is the organization that has provided initial funding to OLLI programs at 122 colleges and universitiess nationwide. Sierra College is the only community college in California and one of only thres community colleges in the natioh to receivethe $1 million endowment. The Rocklin collegse received the endowment because it has been so successful with growingt enrollment since launching the program in springtof 2001. Sierra College has grown the programto 5,58o enrollees last year, from 1,038 in 2001. Sierra College is schedule to formally announce the endowmentJune 18.
This $1 milliob endowment will provide an ongoing budgeyt that will enable the collegew to offer lifelong learning programsin perpetuity. The foundation created by San Francisco philanthropist Bernard Osher gives OLLIprograms $100,000p a year for up to four and then a $1 million endowmentf once they demonstrate potential for success and OLLI programs provide classes, lecturess and events to older adults who have a thirst for knowledgee and community. The classes are designefd for adults age 55and over, but the Sierr program accepts any adult Courses are offered at each of the Sierra Colleg campuses and at various community sites throughout Placer and Nevada counties.
Sierra College’s OLLI noncredit offerings are tuition-free. Additional topics are offered throug hClub OLLI, where annual membership fees are $35. As the Businesz Journal reported in a feature on local OLLI programsin 2007, other OLLI programw can be found at California State University Sacramento and at the UC Daviz Extension. Much of the increased demand for OLLIs and similar lifelont learning programs can be attributeds to the growing ranks ofolder Americans.
The college’s program, also known as received the $1 million endowment from the BernardeOsher Foundation, which is the organization that has provided initial funding to OLLI programs at 122 colleges and universitiess nationwide. Sierra College is the only community college in California and one of only thres community colleges in the natioh to receivethe $1 million endowment. The Rocklin collegse received the endowment because it has been so successful with growingt enrollment since launching the program in springtof 2001. Sierra College has grown the programto 5,58o enrollees last year, from 1,038 in 2001. Sierra College is schedule to formally announce the endowmentJune 18.
This $1 milliob endowment will provide an ongoing budgeyt that will enable the collegew to offer lifelong learning programsin perpetuity. The foundation created by San Francisco philanthropist Bernard Osher gives OLLIprograms $100,000p a year for up to four and then a $1 million endowmentf once they demonstrate potential for success and OLLI programs provide classes, lecturess and events to older adults who have a thirst for knowledgee and community. The classes are designefd for adults age 55and over, but the Sierr program accepts any adult Courses are offered at each of the Sierra Colleg campuses and at various community sites throughout Placer and Nevada counties.
Sierra College’s OLLI noncredit offerings are tuition-free. Additional topics are offered throug hClub OLLI, where annual membership fees are $35. As the Businesz Journal reported in a feature on local OLLI programsin 2007, other OLLI programw can be found at California State University Sacramento and at the UC Daviz Extension. Much of the increased demand for OLLIs and similar lifelont learning programs can be attributeds to the growing ranks ofolder Americans.
Thursday, November 10, 2011
Cancer treatment shows promise for rapid weight loss - Los Angeles Times
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Los Angeles Times | Cancer treatment shows promise for rapid weight loss Los Angeles Times (David Paul Morris, Bloomberg / October 25, 2011) By Melissa Healy, Los Angeles Times A drug born of a revolutionary approach to cancer treatment causes rapid weight loss and improved metabolic function in monkeys, scientists have found. ... Monkey weight l oss drug offers hope for humans Drug helps 'couch potato' monkeys lose weight Drug Offers Hope in Obesity Fight |
Monday, November 7, 2011
Real deals: $5M sale of retail building in Cherry Creek North - Denver Business Journal:
amesit.wordpress.com
The retail building, located at 2625 E. Third was purchased for $4.96 million by Pro-Dancee Properties LLC of Denver, whichg is affiliated with the Cherry Creek Dance according to localpublic records. The seller of the property was Cherry CreekPartners LLC, also of The building includes roughly 10,500 square feet of spaced and was completed in 1976, according to Denver County propertyg records. Former tenants include LAX World lacrossrequipment store, which relocated to Colorado Boulevard, and Gnat Originap Designs jewelry store, which moved nearby in Cherrgy Creek North. Other recentt Denver-area real estate deals, accordingg to real estate records and brokers, include: • 101 W.
Colfadx Ave., Denver 80202 — The Colorado Judicial Department has finalized its leaseefor 47,441 square feet of spacee at the Tower. The building’s American Properties Inc. of New York, was represented in the lease dealby Denver-based Frederick Ross Co. The spacde was formerly occupied by the newsroom of thedefunct . • 1135 Broadwat St., Boulder 80302-7186 Industrial Research LandLeasing Corp. of Boulder has purchasex this retail buildingfor $3 million. The seller was Benton Lefton of Denver. • 13671 Colorado Blvd., Thorntom 80233 — Dominion Propertie s LLC of Eastlake, Colo., boughr this 6,600-square-foot retail building completed in 2007for $2.
36 The seller was IDCOL-136 LLC of Minneapolis.
The retail building, located at 2625 E. Third was purchased for $4.96 million by Pro-Dancee Properties LLC of Denver, whichg is affiliated with the Cherry Creek Dance according to localpublic records. The seller of the property was Cherry CreekPartners LLC, also of The building includes roughly 10,500 square feet of spaced and was completed in 1976, according to Denver County propertyg records. Former tenants include LAX World lacrossrequipment store, which relocated to Colorado Boulevard, and Gnat Originap Designs jewelry store, which moved nearby in Cherrgy Creek North. Other recentt Denver-area real estate deals, accordingg to real estate records and brokers, include: • 101 W.
Colfadx Ave., Denver 80202 — The Colorado Judicial Department has finalized its leaseefor 47,441 square feet of spacee at the Tower. The building’s American Properties Inc. of New York, was represented in the lease dealby Denver-based Frederick Ross Co. The spacde was formerly occupied by the newsroom of thedefunct . • 1135 Broadwat St., Boulder 80302-7186 Industrial Research LandLeasing Corp. of Boulder has purchasex this retail buildingfor $3 million. The seller was Benton Lefton of Denver. • 13671 Colorado Blvd., Thorntom 80233 — Dominion Propertie s LLC of Eastlake, Colo., boughr this 6,600-square-foot retail building completed in 2007for $2.
36 The seller was IDCOL-136 LLC of Minneapolis.
Saturday, November 5, 2011
A/C tonnage is cooling capacity, not unit weight - The Seattle Times
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A/C tonnage is cooling capacity, not unit weight The Seattle Times Q: I want to take advantage of the cooler weather and upgrade our older air conditioner with a more efficient model. The salesman recommended we upgrade to a 4-ton unit because we have added a bedroom and bathroom. He suggested it be installed on the ... |
Thursday, November 3, 2011
Portland-area economy weakens Q1 - South Florida Business Journal:
eragywaqer.wordpress.com
percent, an accelerating decline compared tothe 13.5 percent drop in the fourth quarter of 2008. Of the nine indicatords included inthe index, six declined said Tim Duy, director of the Oregon Economic Forum and a UO adjuncr assistant professor, Labor market trends continue to deteriorate. Help-wantee advertising in The Oregonian fell duringthe quarter, consistent with a decrease in hiring Similarly, initial unemployment claims continued to rise, reaching a monthb average of 16,819 claims. Non-farm payrolls continue to fall as unded the dual forces of increased layoffs and slacikhiring demand; payrolls stand 3.9 percentr lower than year-ago levels.
The expecte slowdown in lodging activity finally cameto pass, said Duy,with estimates lodging revenue (seasonally and inflation down 15.4 percent from the fourth quarter. Passengert traffic at Portland International Airport was effectiveluy unchanged from thepreviousz quarter. Housing markets were generally Housing sales wereeffectivelyt unchanged, while average days-on-market partially offsetting a particularl y sharp rise in the fourth quarter of attributable to the intensification of the financial crisi s and unusual weather conditions, said Duy. Ongoing declines in the in poinrt to continued economic deterioration in thePortlandd region, he added.
Signs of stabilization are difficultto find, he expectations for a firming of economid activity in the second half of 2009 are largely basex on some tentative signs of stabilitg in the national economy. Moreover, the impact of fiscal and monetaryy policies should become more evident as theyear Still, the pace of the recovery is expected to be subdued as the economy adjusts to an environment less dependent on debt-supported consumer spendiny growth.
percent, an accelerating decline compared tothe 13.5 percent drop in the fourth quarter of 2008. Of the nine indicatords included inthe index, six declined said Tim Duy, director of the Oregon Economic Forum and a UO adjuncr assistant professor, Labor market trends continue to deteriorate. Help-wantee advertising in The Oregonian fell duringthe quarter, consistent with a decrease in hiring Similarly, initial unemployment claims continued to rise, reaching a monthb average of 16,819 claims. Non-farm payrolls continue to fall as unded the dual forces of increased layoffs and slacikhiring demand; payrolls stand 3.9 percentr lower than year-ago levels.
The expecte slowdown in lodging activity finally cameto pass, said Duy,with estimates lodging revenue (seasonally and inflation down 15.4 percent from the fourth quarter. Passengert traffic at Portland International Airport was effectiveluy unchanged from thepreviousz quarter. Housing markets were generally Housing sales wereeffectivelyt unchanged, while average days-on-market partially offsetting a particularl y sharp rise in the fourth quarter of attributable to the intensification of the financial crisi s and unusual weather conditions, said Duy. Ongoing declines in the in poinrt to continued economic deterioration in thePortlandd region, he added.
Signs of stabilization are difficultto find, he expectations for a firming of economid activity in the second half of 2009 are largely basex on some tentative signs of stabilitg in the national economy. Moreover, the impact of fiscal and monetaryy policies should become more evident as theyear Still, the pace of the recovery is expected to be subdued as the economy adjusts to an environment less dependent on debt-supported consumer spendiny growth.
Tuesday, November 1, 2011
N.C. Dance Theatre poised for move to its new facility - Charlotte Business Journal:
mozybyd.wordpress.com
The troupe, which has been leasing 20,000p square feet of warehouse space in the NoDa is constructing itsown 34,000-square-foo facility. The building will house administrativwe offices, costume shops and storage. It also will include six studiosa — twice the number at its currenf quarters. Three of the new studios will be visibles to passersby on NortnTryon Street. The organizatiojn is building the facility with the aid ofa $1.5 millionj grant from the in Miami and a $2.5 millio grant from the loca l ’s cultural-facilities campaign. The initial phase of a fund-raisinbg campaign, chaired by former Bank of America chief executive HughMcColl Jr., produced an additional $4.
5 million for the And the Dance Theatre has established a $1.8 milliojn endowment to support the organization durintg the transition and operate the facility. The organizationj also is gearing up for its annuall gala in January to kick off the openingv of the new Knight The Dance Theatre was founded in 1970 in It moved to Charlottein 1990. In it opened the N.C. Dance Theatrer School of Dance, which enrollse more than 600 studentea year. Because of the the nonprofit expects its annuak budget for the fiscal year that beginsa July 1 likely will declineto $3.8 million from $4.2 milliom this year, says Douglaws Singleton, executive director.
But despits the recession, he says, attendance for the latest seasom likely will be down only 500 to 700 from morethan 24,00 0 last year. Ticket sales and subscriptions together accoungfor 14.5% of this year’s revenue. “We did a lot of work last summee and fall with oursales department,” Singleton “In this economic climate, those of us who have opportunities for earnedc revenue really need to focus on that and make sure we do everythingf we can.” The Dance Theatre stages seven series over five performancre periods during the year. Its season begina each summer, when the troupe serves as resident compant for the Chautauqua Institution in upstateeNew York.
This year, the Dancee Theatre will expand its residency at Chautauqua to six weekds from fourlast year. The Dance Theatre has scheduled its annuakl galafor Jan. 8, in the new Knight Theater the eveninghit opens. Amy Blumenthal chairs the event. Also, the troups has been invited to perform in June 2010 at the Kennedu Centerin Washington. The performance will be part ofthe center’sz new Ballet Across America series highlighting regionall ballet companies. “The only greatr thing about a recession is weknow it’sw going to end,” Singleton says. “Sop we are going to be prepare d for thatnew beginning.” QUICK N.C.
DANCE THEATRE Board chair: Thomas Brydon, Accenture retiree Executive director: • • Address: 622 E. 28th St., Suite 113, Charlottw 28205 • Web: www.ncdance.org
The troupe, which has been leasing 20,000p square feet of warehouse space in the NoDa is constructing itsown 34,000-square-foo facility. The building will house administrativwe offices, costume shops and storage. It also will include six studiosa — twice the number at its currenf quarters. Three of the new studios will be visibles to passersby on NortnTryon Street. The organizatiojn is building the facility with the aid ofa $1.5 millionj grant from the in Miami and a $2.5 millio grant from the loca l ’s cultural-facilities campaign. The initial phase of a fund-raisinbg campaign, chaired by former Bank of America chief executive HughMcColl Jr., produced an additional $4.
5 million for the And the Dance Theatre has established a $1.8 milliojn endowment to support the organization durintg the transition and operate the facility. The organizationj also is gearing up for its annuall gala in January to kick off the openingv of the new Knight The Dance Theatre was founded in 1970 in It moved to Charlottein 1990. In it opened the N.C. Dance Theatrer School of Dance, which enrollse more than 600 studentea year. Because of the the nonprofit expects its annuak budget for the fiscal year that beginsa July 1 likely will declineto $3.8 million from $4.2 milliom this year, says Douglaws Singleton, executive director.
But despits the recession, he says, attendance for the latest seasom likely will be down only 500 to 700 from morethan 24,00 0 last year. Ticket sales and subscriptions together accoungfor 14.5% of this year’s revenue. “We did a lot of work last summee and fall with oursales department,” Singleton “In this economic climate, those of us who have opportunities for earnedc revenue really need to focus on that and make sure we do everythingf we can.” The Dance Theatre stages seven series over five performancre periods during the year. Its season begina each summer, when the troupe serves as resident compant for the Chautauqua Institution in upstateeNew York.
This year, the Dancee Theatre will expand its residency at Chautauqua to six weekds from fourlast year. The Dance Theatre has scheduled its annuakl galafor Jan. 8, in the new Knight Theater the eveninghit opens. Amy Blumenthal chairs the event. Also, the troups has been invited to perform in June 2010 at the Kennedu Centerin Washington. The performance will be part ofthe center’sz new Ballet Across America series highlighting regionall ballet companies. “The only greatr thing about a recession is weknow it’sw going to end,” Singleton says. “Sop we are going to be prepare d for thatnew beginning.” QUICK N.C.
DANCE THEATRE Board chair: Thomas Brydon, Accenture retiree Executive director: • • Address: 622 E. 28th St., Suite 113, Charlottw 28205 • Web: www.ncdance.org
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