it has been a rough two years for restaurants. Casual dining has been hammered, while fine dining fell later and fell harder. Bankruptcies have struck many longtime chains, with more than 30,000 restaurant closures and 250,000 jobs lost over this time.
Voters feel like rubes played for suckers at the carnival, because they’re on the hook for what looks like a $13 million deficit next year in the stadium fund that pays off construction debt for Paul Brown Stadium and Great American Ball Park. The deficit might be even more — possibly $92 million by 2014 if nothing is done.
By Owen Eagan, Division Manager for Southern California, The Saint Consulting Group During a panel discussion for Pepperdine MBA alumni in downtown Los Angeles last month, Robert Chavez, former CEO and founder of Staubach LA and current president and CEO of Guardian Commercial Realty, said that a full recovery in the commercial real estate market could take 2 ½ years. … Read More
By Tom Ahern, Senior Vice President, The Saint Consulting Group Much has been written, spoken and ruminated lately on the implosion of the US commercial property market. More specifically, many retail and commercial developers are just hoping to keep their heads above water until 2010 when, they hope, the US has pulled out of recession, and consumers are buying towels, … Read More
By Jesse McKnight Executive Vice President, The Saint Consulting Group Listening to Stephen Blank, Senior Fellow for Finance at the Urban Land Institute (ULI), can be a sobering experience, as he proved again at the ULI conference in Atlanta where he described the economic recession as the “Lindsay Lohanization of capital markets” – saying they have spiraled out of control … Read More
March 18, 2009 Quarry Management British attitudes have hardened against various types of land development, particularly quarries, even in the midst of economic recession and with the promise of new jobs that such projects can bring, according to the latest UK Saint Index – an annual survey on public attitudes to development. The 2009 survey carried out by The Saint … Read More
March 11 2009 Estates Gazette The British public’s attitudes against development have hardened in the midst of the economic climate, according to a new survey from Saint Consulting. The Saint Index, which surveyed 1,000 people in January and February this year, found that 85% of respondents were antidevelopment. Nick Keable, UK vice president of the Saint Consulting Group, said: “Nimbyism … Read More
March 10, 2009 Birmingham Post It’s official; British attitudes are hardening. NIMBYism, the Not In My Back Yard ethos of protesting against new developments in their surrounding area, is on the increase according to a new piece of research. The annual survey on the issue by UK Saint Index, carried out to create a census on public attitude to commercial … Read More
March 09, 2009 MIPIM News The UK is a nation of NIMBYs (Not In My Back Yard), according to a survey on attitudes to development in Britain. This holds true even in the midst of economic recession and with the promise of new jobs that such projects can bring, reported the latest UK Saint Index, an annual survey on public … Read More
By Bryan Mills New England Divisional Manager, The Saint Consulting Group A bad economy gives communities more incentive to approve commercial development projects (for the tax rolls). Right? Diversifying the local tax base, so goes the argument, shifts the burden from homeowners to business — a win-win for local politicians and residents. Right? Most developers cite the estimated tax revenue … Read More
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