City Finance Director Dick Barker is proposing a finance plan for the Community Maritime Park that will cost $92.6 million and have level annual payments of $3.3 million (finance-agenda-4-6-09_164134-2). The bond market…
Category: Escambia County
CMP delays cost nearly $14.4 million
In March 2007, the City staff estimated that the CMP bonds would cost a total of $71,203,237 (see ecua-april-2007). In his March 2009 presentation, the cost of the borrowing increased to $85,602,469…
CRA can reduce annual payments to ECUA
Under Section 4.5 of the Interlocal Agreement, CRA can reduce the annual payments to the ECUA if the Florida Constitution is amended or the state legislature pays a bill that reduces the…
City contract with ECUA allows for reduction
According to Article 5 Financing and Performance of the Interlocal agreement between the CRA/City and ECUA that was approved by City Council April 2007: “…if the final actual Costs of the Project…
Buzz:Does ECUA need money from the City?
The recession has caused bids for many projects to come in much lower than expected. The New York Times (Companies Pretty Up Prices to Win Stimulus Projects) reports construction companies, hungry for…
Solutia has a buyer
Solutia Inc. has found a buyer for its nylon business: an affiliate of SK Capital Partners II, a New York-based private equity firm that is focused on the chemical, material and health-care…
Gaetz aims to stop double-dipping
Sen. Don Gaetz has filled a bill with Sen. Mike Fasano that will stop public officials from collecting a paycheck and a pension, known as Double-dipping. The bill was approved Tuesday by…
Escambia County school boards passes retirement incentive
The Escambia County School Board is now in the retirement incentive business. They passed a new policy that will come before the Board for final approval on May 11, 2009. This rule…
Help needed for start-ups
Press Release: Pensacola Chamber Calls on Angels to Focus on Capital for Technology Based Economic Development at the iTen Wired Summit PENSACOLA, Fla.- The Pensacola Bay Area Chamber of Commerce together with…
Weekly Economic Development Update
From Charles Wood, Pensacola Bay Area Chamber of Commerce: # First the Good News – Our tech companies are continuing to grow despite the current economic climate. Check out the Business Journal…
Levin inducted into Hall of Fame
Pensacola attorney Frederic G. Levin has been inducted into the American Trial Lawyer Hall of Fame. Levin was inducted in a five-member class along with Gerry Spence, Morris Dees, Bobby Lee Cook…
Pinks slips sent to Santa Rosa teachers
Santa Rosa teachers were mailed pink slips last week as Santa Rosa County School District tries to cope with shrinking budget. The teachers without tenure are being told that their contracts will…
Gas prices rise
Gasoline prices jumped 9 cents last week. The average price for a gallon of regular, unleaded gasoline in Florida was $2.09 on Sunday, compared with $2 a week ago. The national average…
Elebash misstates facts in viewpoint
C.C. Elebash misstates the facts in his March 28 PNJ viewpoint, “Start slow with park infrastructure “: “The CRA would now have negative cash flow if its bonds had been sold in…
Elebash costs fire pension $3 million
I’m not serious, but that would be how Elebash, Fairchild and others would be spinning the losses of the City Fire Pension, if Quint Studer had been the one that voted to…
Elebash wants CMP, not stadium
Surprise, surprise. In his viewpoint in the PNJ today, C.C. Elebash wants the park infrastructure- roads, utilities, grading and environmental work-done, but nothing else on the CMP property. This creates few jobs…
Council passes Curbside recycling
Last the Pensacola City Council approved curbside recycling. Congratulations to last year’s Leadership Pensacola class who took this on as a project. They have succeeded in getting both ECUA and the City…
Anti-CMP experiment shows why P’cola moves slow
I thank my regular blog readers for indulging me in my week-long experiment with the anti-CMP cult. Since 2005, we have had a small group of naysayers out to stop the Community…
More Prostitution arrests (photos)
Prostitution Arrests in Brownsville Area On March 23rd into the early morning hours of March 24th, Escambia Deputies conducted another Prostitution sting in the area around Brownsville. The sting netted 15 total…
Mythbusted: Independent Baseball Thrives
Mythbusted: Independent Baseball Thrives Posted on March 24, 2009 The anti-CMP cult like to scoff at the Pensacola Pelicans because they aren’t affiliated with a major league baseball team. They call them…
