Concerns over Unpaid CRDA Loan by Devco

The Middlesex County Improvement Authority neglected its obligation early this year to pay $1 million in interest on a loan worth $20 million. The loan was sourced from the Casino Reinvestment Development Authority (CRDA) in 2005 with the aim of financing New Brunswick’s The Heldrich. The Heldrich is a conference center and hotel, which was built by the New Brunswick Development Corp. The development authority had already accrued $7 million in arrears in failed payments. Initially, the Press of Atlantic City reported the information.

The New Brunswick Development Corporation acts as a model for the Atlantic City Development, which is a sister firm and is required to take charge of more than $200 million in both public and private financing. Stephen Sweeny, the Senate President, voiced the corporation as an example of what is achievable when private firms are used to channel public resources to implement large-scale developments. Chris Paladino, who serves as the head of the two organizations, structured the $20 million Heldrich loan. The hotels comprise of 235 rooms, and it was opened when the economic crisis was creeping in in 2007. However, the hotel has been struggling with ways of attracting guests for a significant period. The occupancy rate of the previous year was at 63.5%.

The Atlantic County Improvement Authority instituted bonds worth $120 million, which were issued in May for the Gateway project. The intentions of the bonds were to construct a satellite campus for the Stockton University, which was to be paid through tax credit sales as well as the dorm room revenue. The bond counsel for the Atlantic County Improvement Authority, John Cantalupo, observed that he had made relevant examinations on the Heldrich financing. He was affirmative that the Gateway bonds would not face similar adversities.

DEVCO was founded in the mid-70s as an accelerator for the city’s revitalization. It is a privately owned not-for-profit real estate development organization. The organization has played a significant role in New Brunswick’s renaissance, as it has appeared as a powerful engine for steering forward economic development and growth. Since its inception, Devco has managed over $1.6 billion in investments inside the city.

The Midas Legacy: Money Managing Help When You Need It

Now adding to the myriad of services, articles and providers of wealth creation on the internet is a firm that’s taking it to the next level: a holistic wealth management company. Why holistic? Simply put, it’s dedicated to not only showing subscribers how to create more wealth, but also how to manage it themselves, and use the wealth in a more socially conscious way.

The Midas Legacy, (TML) a Winter Garden, Florida-based company’s focus is not only in helping you make more money, but in helping you keep more of it. Moreover, they’ll mentor you in how to manage it more properly while encompassing other areas as well such as health concepts and helping distribute your wealth in viable ways to others. As such, The Midas Legacy is a holistic company with a heart.

Who The Midas Legacy Helps

Primarily, anyone who has some money that needs managing expertise. Although there are many millionaires, only a few know how to multiply what they have, manage their funds and see to it that it’s further multiplied in ways that others can benefit as well.

Entrepreneurs, retirees or those about to retire are just some of the diverse groups of people that will benefit from the dynamic services of The Midas Legacy.

If you’re an entrepreneur just starting out, then TML is there by your side with expert advice to help you not only with your personal finances, but with your business decisions as well. TML really goes to the next level by showing you how to create more jobs for others and helping you think out of the proverbial box as you create new streams of income for others.

If you’re thinking retirement, then let TML go to work for you so that you can then stop working yourself. They’ll even help you find other forms of income to augment what you already have built up for retirement.

Expert Advice Just For You

Drawing from a wealth of expert advisers that sit on the TML board, you’ll tap into the very best of professional expertise from various fields. Published authors, leading stock market traders and investors, entrepreneurs and other professionals are there to help navigate TML members through the many mazes of the financial world today.

All these specialists work with a common goal of ensuring that clients of The Midas Legacy get the success that they are seeking. Mentoring in wealth management and planning will be there to help guide you in areas that make life a better experience for the members of TML. Yes, at TML, it’s just not about money.

Health, charitable living and investment advice are just some of the features that this holistic company will help you open doors to as you explore the services of The Midas Legacy.

Bruce Levenson Team Sues Insurance Company

Atlanta Hawks Basketball and Entertainment, the organization that used to be the owners of the NBA franchise has been in the limelight for some time now. The organization recently went to court and filed a case against an insurance firm known as New Hampshire Insurance Company.

The Atlanta Hawks Basketball and Entertainment is a very organization in the world. The institution is headed and controlled by Bruce Levenson, one of the founding partners. When filing the case in the court, Levenson and his team did not sue the current owners of the Hawks basketball team, led by Mr. Antony Ressler.

Time.com reports say that Levenson and his team have filed the court at the superior court found in Fulton County, and it will soon be heard. According to Levenson, the insurance company failed to meet the coverage they had previously agreed on.

At the moment, the Hawks has new owners, led by Antony Ressler. The team acquired the company (http://www.forbes.com/sites/mikeozanian/2015/04/23/bankers-for-levenson-oversold-atlanta-hawks-by-27/) in June last year after it was put in the market. Antony had tried to purchase another team before, but he did not succeed. Reports indicate that Antony purchased the team together with a team of partners at a cost of eight hundred and fifty million dollars. The new group will, however, not be included in the case. Hawks spokesman says that the team is already aware of the case, but it is not going to involve itself with the issue.

Bruce Levenson is a renowned businessman in the US. Under his leadership the AHBE organization has been quite successful, and it has managed to acquire several ventures. Under the leadership of Levenson, the Hawks team managed to win several games. Read more on prnewswire.com.

 

Helane Morrison Is Ready To Go

If anyone has done their research on attorneys, it does not take long for the name Helane Morrison to pop up and that is, quite frankly, for a reason. She is an accomplished, experienced, and knowledgeable attorney. In fact, many have called her one of the best in the country. That is praise that has been earned by her hard work, dedication, and her commitment to her craft. In my view, it is an art form, having to be in front of a court room and a bunch of jurors. The truly great ones make it look effortless. Because they have prepared and have all of their facts in order, they have no fear.

 

Helane Morrison is ready to go and she truly has no fear because she is confident. There is a difference between confidence and arrogance. She has confidence. In this line of work, one must have confidence. If they walk in the court room and they are unsure of themselves or they don’t feel as though they have everything they need to succeed, they can give off a vibe that the judge can read as well as the person she is representing. She is as calm as cucumber and nothing rattles her.

 

In a courtroom, lots of things can happen and lots of things can be thrown someone’s way. The key is to stay even-keeled and handle it with grace, dignity, and respect. That is why Helane Morrison has been given so much responsibility at Hall Capital Partners, where she is currently acting as Managing Director, General Counsel, and Chief Compliance Officer of Hall Capital Partners LLC. In addition to that, she is part of the firm’s executive committee. Needless to say, when she speaks, people tend to listen and pay attention. Respect is hard to earn, but when someone earns it, it was earned the old-fashioned way.

 

She has been with the firm for almost a decade and has made invaluable contributions to the company. Prior to her time at Hall Capital Partners LLC., she spent time at the San Francisco Office of the U.S. Securities and Exchange Commission from 1999 to 2007. She handled some big-time stuff over there such as regulatory matters. They handed this to her without any hesitation or regret. She is always working her way up the ladder and while she has learned a ton and grown, she has never changed in how she handles people and how she works.