afyfojahejus.blogspot.com
David E. Ruskjer of Koloa was charged by a federakl grand jury Wednesday for fraudulently raising the mone from approximately 140 Among the charges against Ruskjer are mail wire fraud, currency structuring and money The U.S. Attorney’s office allegees Ruskjer ran an investment and loan program out of Koloa calledrRuskjer & Associates and Dave’s Investment/Loaj Program, promising investors returns of 3 percenrt to 5 percent per month. The alleged activitiez occurred between September 2004 andDecembef 2008. Ruskjer allegedly used half ofthe $16 milliomn for trading through TD Ameritrade but lost more than $2.
5 The government said “there was never sufficient money to support the 3 to 5 percentt interest rates he guaranteed his In classic Ponzi scheme fashion, Ruskjer allegedly used moneh from new clients to pay earlier clients to convince them he was making money for them. When the government seized Ruskjer’xs trading account and bank accountszlast Dec. 11, he had a combined balance of $4.1 Ruskjer is accused of using much of the money onpersonal expenses, including $528,458 on a condominiu on Kauai, $29,000 on a Hondza sedan and $10,000 on motorcycles.
If he faces up to 20 yearsa in prison for each of the 17 mail and wirefraude charges, and up to 10 years in prison for each of the 30 othetr charges. The case resulted from an Internal RevenueService investigation.
Saturday, January 29, 2011
Thursday, January 27, 2011
Filene's landmark status on fast track - Boston Business Journal:
grearqakususi1426.blogspot.com
A petition first submitted in 1986 moved swiftlu to the top of the pile at the Landmarksx Commission since a sale agreement of the site at Summe r and Washington streets byseemed near. Last a pair of New York investors confirmec they were in negotiations with Federated to buythe Filene'ss site for as much as $150 Those talks have since quieted, with source unsure whether the pair -- Alex Adjmi and Robert Cayre -- are still in the lead to buy the since Federated has been unresponsive.
A person with knowledgs of the negotiations said Federatedis "swamped" with the closing or conversiojn of 79 stores As of this week, a deal had not been but the pair remains interested in buyinh the building, according to a source clos e to the deal. In the meantime, the Commission is workinv on a report that will triggerdthe landmark-designation process and will detail the originapl Filene's building's architectural and cultural merit, said Susamn Park, president of the , which submitted the originapl petition under then-Executive Director Antonia Landmark status could add a new layed of bureaucracy to the permitting and development procesd in which the Landmarks Commissio n would have to review potential changesd to the building exterior before a permit could be issue for work.
The review powers would applty to any work on the facadw of the building and generally woul not include changes to the interior of the The New York investors have told the Bostonj Business Journal they have talked to about opening a Target store in the The site could also be the futured home ofa hotel, residential units and other high-end retail shops. The commissio does not regulatethe use. "The best way to preserved a building isuse it," said Pollak, who is now commissionert of the Boston Parks and Recreation "I think this building lends itself well to adaptive reuse. I suspect there will be a way tofind (a use) for some or all of these buildings.
" Pollak said she's in favor of a combinationh of uses at the site, but said anything that adds to the vibrancy of Downtowj Crossing would be beneficial. The Filene's building is located within an area callef the midtown cultural which is zonedfor retail, hotel, commercial and residential uses. The area has emerged as a residentiao neighborhood as surrounding buildings are converted intoresidential uses. The growing presence of residential units in Downtown Crossing and nearby neighborhoods may also have an impacft on development atthe site. business owners and advocates are payinbg close attention tothe building.
A four-year residenyt of Washington Street and a member ofthe , Mary Ann said she'd welcome a mix of uses and maybe even a grocert store. Development of the site is further complicated by the factthat , ownec separately by , will stay in the building on a long-term lease. Filene's Basement occupies two floora of space that underlies allfour buildings. previously owned by May DepartmentStores Co., has beguhn clearance sales to prepare the store for closure. The site is one of nearly 80 stores nationally that are closing as a result of the merger between Mayand Federated, whicb owns Macy's and Bloomingdale's.
Already listed on the National Registry ofHistorif Places, the main building was built in 1912. Whilw the 1986 petition was for the entire consisting of four interconnected buildings on a fullcity block, Park said the preservationm group is less concerned with two of the threew adjacent buildings -- which were builg in the 1950s and 1970s behind the original store -- that are includes in the petition. The fourth buildinb on the site, at the corner of Franklin andHawlet streets, was built in 1905 and should also be considerec for landmark status, Park The landmarks commission ultimately will decidw which, if any, of the four buildings could be designatecd as landmarks.
The commission's report will be made publicf onMarch 21, and a public hearing on the landmarkk designation will be held on April 11, said Ellen executive director of the commission. The commission, city counci and mayor must all approve designationm for the building to achieve officiallandmar status. Approval could come as early asthis
A petition first submitted in 1986 moved swiftlu to the top of the pile at the Landmarksx Commission since a sale agreement of the site at Summe r and Washington streets byseemed near. Last a pair of New York investors confirmec they were in negotiations with Federated to buythe Filene'ss site for as much as $150 Those talks have since quieted, with source unsure whether the pair -- Alex Adjmi and Robert Cayre -- are still in the lead to buy the since Federated has been unresponsive.
A person with knowledgs of the negotiations said Federatedis "swamped" with the closing or conversiojn of 79 stores As of this week, a deal had not been but the pair remains interested in buyinh the building, according to a source clos e to the deal. In the meantime, the Commission is workinv on a report that will triggerdthe landmark-designation process and will detail the originapl Filene's building's architectural and cultural merit, said Susamn Park, president of the , which submitted the originapl petition under then-Executive Director Antonia Landmark status could add a new layed of bureaucracy to the permitting and development procesd in which the Landmarks Commissio n would have to review potential changesd to the building exterior before a permit could be issue for work.
The review powers would applty to any work on the facadw of the building and generally woul not include changes to the interior of the The New York investors have told the Bostonj Business Journal they have talked to about opening a Target store in the The site could also be the futured home ofa hotel, residential units and other high-end retail shops. The commissio does not regulatethe use. "The best way to preserved a building isuse it," said Pollak, who is now commissionert of the Boston Parks and Recreation "I think this building lends itself well to adaptive reuse. I suspect there will be a way tofind (a use) for some or all of these buildings.
" Pollak said she's in favor of a combinationh of uses at the site, but said anything that adds to the vibrancy of Downtowj Crossing would be beneficial. The Filene's building is located within an area callef the midtown cultural which is zonedfor retail, hotel, commercial and residential uses. The area has emerged as a residentiao neighborhood as surrounding buildings are converted intoresidential uses. The growing presence of residential units in Downtown Crossing and nearby neighborhoods may also have an impacft on development atthe site. business owners and advocates are payinbg close attention tothe building.
A four-year residenyt of Washington Street and a member ofthe , Mary Ann said she'd welcome a mix of uses and maybe even a grocert store. Development of the site is further complicated by the factthat , ownec separately by , will stay in the building on a long-term lease. Filene's Basement occupies two floora of space that underlies allfour buildings. previously owned by May DepartmentStores Co., has beguhn clearance sales to prepare the store for closure. The site is one of nearly 80 stores nationally that are closing as a result of the merger between Mayand Federated, whicb owns Macy's and Bloomingdale's.
Already listed on the National Registry ofHistorif Places, the main building was built in 1912. Whilw the 1986 petition was for the entire consisting of four interconnected buildings on a fullcity block, Park said the preservationm group is less concerned with two of the threew adjacent buildings -- which were builg in the 1950s and 1970s behind the original store -- that are includes in the petition. The fourth buildinb on the site, at the corner of Franklin andHawlet streets, was built in 1905 and should also be considerec for landmark status, Park The landmarks commission ultimately will decidw which, if any, of the four buildings could be designatecd as landmarks.
The commission's report will be made publicf onMarch 21, and a public hearing on the landmarkk designation will be held on April 11, said Ellen executive director of the commission. The commission, city counci and mayor must all approve designationm for the building to achieve officiallandmar status. Approval could come as early asthis
Monday, January 24, 2011
Howard University names Sidney Ribeau president - Washington Business Journal:
http://pottstownbiblechurch.org/heaven/heaven-borneo.html
Ribeau, who has led the 21,000-student Ohio university sincew 1995, will take over Aug. 1. A professod of communication, he previously was vice president for academic affairs atin "I am excited by the opportunityh to serve this historic institution," Ribeau said of the 10,000-studen t university. "Howard is a remarkable a truly international university and one that has made significantg contributions not only in this country but arouncthe world, training principallyt African-Americans for global leadership roles in America and the Swygert, who announced a year ago that he woulf step down in June after 12 years leading came under fire last year from studente and faculty.
In Marcn 2007, the head of the facultg senate said the school was in a statr of crisis and voiced a lack of confidencein him. Formef Secretary of State Colin Powell, who co-chaired the search committee with Chairma nRichard Parsons, stressed Ribeau'sw reputation for communication. "The search committee was very impressedwith Dr. Ribeau'es credentials and his reputation as a facilitatotr of change andcollegial leader," Powell "He is a charismatic executivre who works effectively inside and outside the institutionn he heads.
" In Ohio, Ribeau's community involvemeng included the Bowling Green Area Community Partnership, Regionalp Growth Partnership, Toledo Symphony, Convergys Corp., Anderson'sd Inc. and Worthington Raised in Detroit, Ribeau receivesd his bachelor's degree from Wayne State Universit yin 1971. He earned a master'z degree in interpersonal communication from the University of Illinoisat Urbana-Champaig in 1973 and a doctoral degree in the same fieldd from the university in 1979. The presidential search was conducter byHeidrick & Struggles. Inc, an international executivre search firm.
Ribeau, who has led the 21,000-student Ohio university sincew 1995, will take over Aug. 1. A professod of communication, he previously was vice president for academic affairs atin "I am excited by the opportunityh to serve this historic institution," Ribeau said of the 10,000-studen t university. "Howard is a remarkable a truly international university and one that has made significantg contributions not only in this country but arouncthe world, training principallyt African-Americans for global leadership roles in America and the Swygert, who announced a year ago that he woulf step down in June after 12 years leading came under fire last year from studente and faculty.
In Marcn 2007, the head of the facultg senate said the school was in a statr of crisis and voiced a lack of confidencein him. Formef Secretary of State Colin Powell, who co-chaired the search committee with Chairma nRichard Parsons, stressed Ribeau'sw reputation for communication. "The search committee was very impressedwith Dr. Ribeau'es credentials and his reputation as a facilitatotr of change andcollegial leader," Powell "He is a charismatic executivre who works effectively inside and outside the institutionn he heads.
" In Ohio, Ribeau's community involvemeng included the Bowling Green Area Community Partnership, Regionalp Growth Partnership, Toledo Symphony, Convergys Corp., Anderson'sd Inc. and Worthington Raised in Detroit, Ribeau receivesd his bachelor's degree from Wayne State Universit yin 1971. He earned a master'z degree in interpersonal communication from the University of Illinoisat Urbana-Champaig in 1973 and a doctoral degree in the same fieldd from the university in 1979. The presidential search was conducter byHeidrick & Struggles. Inc, an international executivre search firm.
Saturday, January 22, 2011
Sales of imported ros wines leap 42 percent - Portland Business Journal:
http://uacourting.com/24.html
U.S. retail sales of imported wines leapt 42 percent in the 52 week perioe endingApril 4, compared with a less-than-5-percent increasew in total sales of table wines during the same according to data cited by the . The French wine council, known in France as Conseil Interprofessionnek des Vins de Provenceor CIVP, said Mondagy the steep rise in rosé consumption is consistent with an earlier study by International Wine Spirit Record predicting that consumptio n of the popular pinkisuh wines worldwide will jump from 565 million bottles to 620 million by 2012. Not the CIVP expects the growing thirst forimported rosé wines in the U.S.
market will bode well for particularly its Provencewine region. The Frencyh produce 28 percent ofworldwide rosé wines by making it the leadedr in the category, accordingt to the wine counsel, which represents 700 Provence winerieds and 55 local trading companies. Provencs produces 38 percent of France’s the group reported. Separately, Nielsen figures revealerd that2008 U.S. sales of rosé tabl wines priced at $6 per bottl e or more jumped 24.9 percent by price and 22.4 percent by despite a weakening economy.
U.S. retail sales of imported wines leapt 42 percent in the 52 week perioe endingApril 4, compared with a less-than-5-percent increasew in total sales of table wines during the same according to data cited by the . The French wine council, known in France as Conseil Interprofessionnek des Vins de Provenceor CIVP, said Mondagy the steep rise in rosé consumption is consistent with an earlier study by International Wine Spirit Record predicting that consumptio n of the popular pinkisuh wines worldwide will jump from 565 million bottles to 620 million by 2012. Not the CIVP expects the growing thirst forimported rosé wines in the U.S.
market will bode well for particularly its Provencewine region. The Frencyh produce 28 percent ofworldwide rosé wines by making it the leadedr in the category, accordingt to the wine counsel, which represents 700 Provence winerieds and 55 local trading companies. Provencs produces 38 percent of France’s the group reported. Separately, Nielsen figures revealerd that2008 U.S. sales of rosé tabl wines priced at $6 per bottl e or more jumped 24.9 percent by price and 22.4 percent by despite a weakening economy.
Wednesday, January 19, 2011
British Union for the Abolition of Vivisection - Look To The Stars
http://www.good.is/community/luellaruelbngp
British Union for the Abolition of Vivisection Look To The Stars For over 100 years the BUAV has been campaigning peacefully to create a world where nobody wants or believes we need to experiment on animals. ... |
Sunday, January 16, 2011
Paterson, WNY officials talk development - Business First of Buffalo:
http://affordabletire.com/page7.html
Paterson came to the Clarence headquarters Wednesdayy afternoon to rally supporrt forhis “Bold Steps to the New Economy” Greatbatch, which recently expanded in Clarencee after considering options elsewhere is the poster child for the economicc development agenda Paterson is pushing. He held similaer roundtable discussions earlier this week in Albany and Paterson met with 21 local leaders and executivew ranging from University at Buffalo President John Simpson and Erie Countyy Executive Chris Collins toMark Dettner, managing director and founder. “I came here todag to listen as much as Paterson said.
Paterson’s appearance came agains the backdrop of political firestorm in Albanyu with a battle for politicao control of the New YorkState Senate. during his hour-long roundtable meeting with the executive s stayed focused on economicdevelopment issues. however, did serve as a background. “Therew is a time to address these Paterson told reporters afterthe “I’m not sure why we are just hearinf about this problem now.” Collins, who has run or startesd a dozen local companies, said politicds does impact how the businese community views the Paterson government.
“Unless you remove the stigma of New York being the highest-taxed state, all the spinoff jobs you want to creatw with this program will end up in other the county executive warned. “Tom Golisano is simply the tip ofthe Golisano, in late May, renounced his New York residency and made Floridw his official home because of New York’ heavy tax burden on upper class citizens. the Rochester-based billionaire, said the move will save him morethan $5 millionm annually in state income taxes. Collins said the high cost of state-ruh programs such as Medicare contribute toNew York’sx taxing structure.
Out-of-date, union-friendly mandates like the Taylor Law, which offers certain guarantees forunio workers, add to the tax burden. “We don’g want to see the innovations created here but the jobs they creatde goto Texas,” Collins said. Paterson agrees New York has to “cuf its infectious ways of spending.” State program are leading to aprojected $24 billion deficit this Paterson, through the discussion, also heard repeatef pleas to support UB’s 2020 plan that many see as a linchpinn to the region’s economic revival.
The UB plan calla for significant investment in its Buffalo and Amherst campusews while increasing its presence in downtown Buffalo’s Buffalo Niagara Medical Campus. Simpson said UB 2020 represents a potentialof $3 billionn in new investment in the regiohn while creating 10,000 new jobs. The catch is, the initiativew needs significant state legislative andfinancial “We need to get UB 2020 out of the startinh block,” said Thomas Greatbatch president and chief executive Hook credited a close alliance with UB as the sourcse of the many patents and medical industry product that Greatbatch has created during the past five decades.
“A lot of the success Greatbatch enjoyed has come from innovationsx that startedfrom UB,” Hook said.
Paterson came to the Clarence headquarters Wednesdayy afternoon to rally supporrt forhis “Bold Steps to the New Economy” Greatbatch, which recently expanded in Clarencee after considering options elsewhere is the poster child for the economicc development agenda Paterson is pushing. He held similaer roundtable discussions earlier this week in Albany and Paterson met with 21 local leaders and executivew ranging from University at Buffalo President John Simpson and Erie Countyy Executive Chris Collins toMark Dettner, managing director and founder. “I came here todag to listen as much as Paterson said.
Paterson’s appearance came agains the backdrop of political firestorm in Albanyu with a battle for politicao control of the New YorkState Senate. during his hour-long roundtable meeting with the executive s stayed focused on economicdevelopment issues. however, did serve as a background. “Therew is a time to address these Paterson told reporters afterthe “I’m not sure why we are just hearinf about this problem now.” Collins, who has run or startesd a dozen local companies, said politicds does impact how the businese community views the Paterson government.
“Unless you remove the stigma of New York being the highest-taxed state, all the spinoff jobs you want to creatw with this program will end up in other the county executive warned. “Tom Golisano is simply the tip ofthe Golisano, in late May, renounced his New York residency and made Floridw his official home because of New York’ heavy tax burden on upper class citizens. the Rochester-based billionaire, said the move will save him morethan $5 millionm annually in state income taxes. Collins said the high cost of state-ruh programs such as Medicare contribute toNew York’sx taxing structure.
Out-of-date, union-friendly mandates like the Taylor Law, which offers certain guarantees forunio workers, add to the tax burden. “We don’g want to see the innovations created here but the jobs they creatde goto Texas,” Collins said. Paterson agrees New York has to “cuf its infectious ways of spending.” State program are leading to aprojected $24 billion deficit this Paterson, through the discussion, also heard repeatef pleas to support UB’s 2020 plan that many see as a linchpinn to the region’s economic revival.
The UB plan calla for significant investment in its Buffalo and Amherst campusews while increasing its presence in downtown Buffalo’s Buffalo Niagara Medical Campus. Simpson said UB 2020 represents a potentialof $3 billionn in new investment in the regiohn while creating 10,000 new jobs. The catch is, the initiativew needs significant state legislative andfinancial “We need to get UB 2020 out of the startinh block,” said Thomas Greatbatch president and chief executive Hook credited a close alliance with UB as the sourcse of the many patents and medical industry product that Greatbatch has created during the past five decades.
“A lot of the success Greatbatch enjoyed has come from innovationsx that startedfrom UB,” Hook said.
Friday, January 14, 2011
Lt. Gov. Dewhurst: I fully intend to explore running for the United States Senate - Dallas Morning News (blog)
http://stonegables.net/aboutthehouse.html
Kansas City Star | Lt. Gov. Dewhurst: I fully intend to explore running for the United States Senate D » |
Tuesday, January 11, 2011
Miss America Pageant organizers excited for younger, more 'hip' show - MLive.com
nautical-different.blogspot.com
msnbc.com | Miss America Pageant organizers excited for younger, more 'hip' show MLive.com But beyond that, what pageant organizers is most proud of is being the largest scholarship provider to young women, Haskell said. ... Miss America contestants in full swing of event; organizers readying for ... What a Drag! Miss America, feature trio share location spotlight |
Sunday, January 9, 2011
Steelwing Issues Band Activity Update - Metal Underground
http://www.peoplespharmacy.com/build/mt-cp.cgi?__mode=view&blog_id=1&id=793
Steelwing Issues Band Activity Update Metal Underground "Last week we assembled our lazy asses to the first rehearsal for the upcoming Accept tour. Since we'll be playing a lot of cities for the third time in ... |
Thursday, January 6, 2011
Industry Leader: Anne deBruin Sample - Minneapolis / St. Paul Business Journal:
news
a position she has held since 2001. As the second-largesrt Pepsi bottler in the world, PepsiAmericaw makes, sells and delivers more than 100 different beverage to 150 million consumers throughout theUnited States, central Europse and the Caribbean. Sample is responsiblre for allthe company’s human resources activities, including talentr sourcing, organizational capability, compensation, communications and leadership development.
Sample’s work experience before PepsiAmericas includexs leading human resources within an Internet startup and workingt in the United Kingdom for Continuing education: Bachelor of science in business administration, Ohio Statde University; MBA, The University of Toledo What professional accomplishment makesz you most proud? The accomplishmentz that come to mind are tied to challengesa PepsiAmericas faced eight years ago when a new publif entity was created through merger. Each entity withim the merger had adistinct culture.
We had the challeng e of defining a new culture for PepsiAmericas basef upon the strengths of the individual All elements of our human capital practices had to be redefinedf to supportthis culture. We created and learned to truly leveragea first-class internal communications
a position she has held since 2001. As the second-largesrt Pepsi bottler in the world, PepsiAmericaw makes, sells and delivers more than 100 different beverage to 150 million consumers throughout theUnited States, central Europse and the Caribbean. Sample is responsiblre for allthe company’s human resources activities, including talentr sourcing, organizational capability, compensation, communications and leadership development.
Sample’s work experience before PepsiAmericas includexs leading human resources within an Internet startup and workingt in the United Kingdom for Continuing education: Bachelor of science in business administration, Ohio Statde University; MBA, The University of Toledo What professional accomplishment makesz you most proud? The accomplishmentz that come to mind are tied to challengesa PepsiAmericas faced eight years ago when a new publif entity was created through merger. Each entity withim the merger had adistinct culture.
We had the challeng e of defining a new culture for PepsiAmericas basef upon the strengths of the individual All elements of our human capital practices had to be redefinedf to supportthis culture. We created and learned to truly leveragea first-class internal communications
Tuesday, January 4, 2011
Monsanto buys WestBred assets for $45M - St. Louis Business Journal:
more...
“…We believe we have game-changing technologies like our drought-tolerance and improved-yield traits — that can meaningfully addressz major challenges wheat growers faceeverhy season," said Carl Casale, executive vice presideng of global strategy and operationa for Monsanto, in a Montana-based WestBred is a private wheat germplasm company owned indirectly by , whicj is led by President and CEO Robby Barkley.
Monsantl said WestBred’s existing breeding capabilities and commercial operationes will become the centerpieceof Monsanto’ds wheat platform, and that it woulc also seek public and privat e partnerships that can help advancs technology improvements in wheat for farmers. Monsanto said it does not expectt the acquisition to be accretivr to earnings until the middle to latter part of the next because the WestBred buy representsa long-term investmentf in research and development and breeding.
Monsanto also announced Tuesdayu that it will form a Wheat Development Advisorgy Group whose members will provide the compant with feedback on proposed traits and attributes that are needed to improve the productivity and sustainability ofwheat production. Crevw Coeur, Mo.-based Monsanto Co. MON), led by President and CEO Hugh Grant, develops insect- and herbicide-resistant crops and otheer agricultural products. It is one of the larges employersin St. Louis with 4,000 local employees. Its seedss and traits portfolioincludes corn, cotton and soybeans.
“…We believe we have game-changing technologies like our drought-tolerance and improved-yield traits — that can meaningfully addressz major challenges wheat growers faceeverhy season," said Carl Casale, executive vice presideng of global strategy and operationa for Monsanto, in a Montana-based WestBred is a private wheat germplasm company owned indirectly by , whicj is led by President and CEO Robby Barkley.
Monsantl said WestBred’s existing breeding capabilities and commercial operationes will become the centerpieceof Monsanto’ds wheat platform, and that it woulc also seek public and privat e partnerships that can help advancs technology improvements in wheat for farmers. Monsanto said it does not expectt the acquisition to be accretivr to earnings until the middle to latter part of the next because the WestBred buy representsa long-term investmentf in research and development and breeding.
Monsanto also announced Tuesdayu that it will form a Wheat Development Advisorgy Group whose members will provide the compant with feedback on proposed traits and attributes that are needed to improve the productivity and sustainability ofwheat production. Crevw Coeur, Mo.-based Monsanto Co. MON), led by President and CEO Hugh Grant, develops insect- and herbicide-resistant crops and otheer agricultural products. It is one of the larges employersin St. Louis with 4,000 local employees. Its seedss and traits portfolioincludes corn, cotton and soybeans.
Saturday, January 1, 2011
Trail of
ivanqukeafelovo.blogspot.com
In the year or so before RCC declared bankruptcy, the club speny $6 million on renovations and including installation of anaquatics “They underestimated what their membership was willing to pay,” McConnell McConnell, whose love for the game of golf borders on bought the club out of bankruptcy, paying $6.5 milliomn to relieve all debts in December 2003. He’s sincew spent $5 million on a renovationm of the clubhouse, built a practice area that includezs threeputting greens, chipping areas and a drivingg range, tweaked the challenging Ross coursr and introduced dramatic landscaping to the clubhouse grounds and the courswe itself.
“Everything associated with running a golf coursweis expensive,” says McConnell, a salesman and businessman who engineereds the sale of in 1997 for $923 millionj and in 2007 for $272 million. He realizedx quickly that simple economicsa dictated thathe “You can cut a lot of costz by having one golf director, one controlled and so forth,” he says. McConnell in 2006 bought the CardinaoGolf & Country Club in Greensboro. The McConnelkl collection was expanded later in 2006 with the purchase of in Durhamj and in 2007 with the acquisitiojn of thein Clinton, S.C.
McConnell Golf added its fifth cours e in May by closing on a deal to buy the at Uwharri Point inNew London, N.C. – a highly rankedr course that McConnell callsthe “jewel of the The purchase of a sixth club in Pawley’s S.C., is in the works. It’s a collectionn of country clubs and golf courses with one trait in commohn on which McConnell willnot compromise. “Theh all have great golf courses,” he says. “I’m not interested in averagw golf courses.
” The financialo situation at RCCis stable, and, McConnell says, the club is cash He’s still tweaking the operations at the other which, taken together, produce about $15 million in annual revenue. Membershipl fees vary by club, with RCC’sx initiation fee set at $20,000 and the monthly fee at Members of any McConnell Golf courses can play any of the other coursew owned by the company a total of 10timew annually. “A reason we believee we will be successful is that we deliver a different levelof value,” says Ray McDonald, vice president of salex and marketing for the company.
“We’rer very private and high-end, and we have five coursesz we can deliver.” Nurturing younger golfere is part of the missionof McConnell, who has establishex a scholarship program in which three middle-school studentws are given privileges and instruction at each of his coursesa every year. He’s also aiming for a younger membership at his with the average age of the RCC member nowat 48. As for the McConnell says about 20 courses in the Carolinae fit his definitionof “great.” But, he says, “They’ver got to be for Further down the he says, “Two hundred years from now, I hope they’rr still playing ‘McConnell Trail.
’”
In the year or so before RCC declared bankruptcy, the club speny $6 million on renovations and including installation of anaquatics “They underestimated what their membership was willing to pay,” McConnell McConnell, whose love for the game of golf borders on bought the club out of bankruptcy, paying $6.5 milliomn to relieve all debts in December 2003. He’s sincew spent $5 million on a renovationm of the clubhouse, built a practice area that includezs threeputting greens, chipping areas and a drivingg range, tweaked the challenging Ross coursr and introduced dramatic landscaping to the clubhouse grounds and the courswe itself.
“Everything associated with running a golf coursweis expensive,” says McConnell, a salesman and businessman who engineereds the sale of in 1997 for $923 millionj and in 2007 for $272 million. He realizedx quickly that simple economicsa dictated thathe “You can cut a lot of costz by having one golf director, one controlled and so forth,” he says. McConnell in 2006 bought the CardinaoGolf & Country Club in Greensboro. The McConnelkl collection was expanded later in 2006 with the purchase of in Durhamj and in 2007 with the acquisitiojn of thein Clinton, S.C.
McConnell Golf added its fifth cours e in May by closing on a deal to buy the at Uwharri Point inNew London, N.C. – a highly rankedr course that McConnell callsthe “jewel of the The purchase of a sixth club in Pawley’s S.C., is in the works. It’s a collectionn of country clubs and golf courses with one trait in commohn on which McConnell willnot compromise. “Theh all have great golf courses,” he says. “I’m not interested in averagw golf courses.
” The financialo situation at RCCis stable, and, McConnell says, the club is cash He’s still tweaking the operations at the other which, taken together, produce about $15 million in annual revenue. Membershipl fees vary by club, with RCC’sx initiation fee set at $20,000 and the monthly fee at Members of any McConnell Golf courses can play any of the other coursew owned by the company a total of 10timew annually. “A reason we believee we will be successful is that we deliver a different levelof value,” says Ray McDonald, vice president of salex and marketing for the company.
“We’rer very private and high-end, and we have five coursesz we can deliver.” Nurturing younger golfere is part of the missionof McConnell, who has establishex a scholarship program in which three middle-school studentws are given privileges and instruction at each of his coursesa every year. He’s also aiming for a younger membership at his with the average age of the RCC member nowat 48. As for the McConnell says about 20 courses in the Carolinae fit his definitionof “great.” But, he says, “They’ver got to be for Further down the he says, “Two hundred years from now, I hope they’rr still playing ‘McConnell Trail.
’”
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