Saturday, June 30, 2012

Sign of revival: Demand grows for white-collar workers - The Business Journal of the Greater Triad Area:

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Official government statistics, which can lag a mont h or two, have shown a leveling off of majot layoffs and an incremental decrease in regionalunemploymengt rates, but some recruitere and employment agents say there appears to be more activityu happening in real time that may be reflected in the data “We had the best month we’ve had all in May, in terms of direct placementsz in permanent, full-time jobs, said Gary Graham Jr., presidentt of in Greensboro. He declined to share exact numberdsof full-time workers placed recently, but he said temporary assignments have also increased, from arouned 140 or 150 per week early this year to an averagw of about 250 per week now.
Piers Clarkson, director of executive recruiting at in said he’s seeing strong signalw of increased confidence, particularly in financial industries such as bankinf and mortgage financing that have sufferes some of the biggest scaresw during the recession.

Friday, June 29, 2012

South Florida Business Journal: South Florida Commercial Real Estate Listings - View Commercial Real Estate

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Thursday, June 28, 2012

Silicon Clocks names Didier Lacroix CEO - Silicon Valley / San Jose Business Journal:

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Fremont-based Silicon Clocks said it is backedx by morethan $20 million in ventur e capital financing from Palo Alto-bases , Waltham, Mass.-based Charles Riverf Ventures, Menlo Park-based and New York-based . “Wwe are excited to bring an experienceed leader such as Didier Lacroixz to join Silicon Clocks at this critical saidRon Yara, General Partner of Tallwood Venture Capital and Chairman of Silico n Clocks. “He has the extensive IP and MEMS licensing backgroundd that we were seeking as we transition the companuy to a licensing model to accelerate adoptio of the CMEMS technology for integrated clock and timing as well as for a broader rang e of embeddedsensors applications.
” Lacroix, who also joins the company'ss board, has more than 20 yearx of public and private company senior executive experience, most recently as vice-president of worldwide salew for Sunnyvale-based (NASDAQ:MOSY).

Tuesday, June 26, 2012

SunPower, Wells in $100M solar deal - Silicon Valley / San Jose Business Journal:

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San Francisco-based Wells (NYSE:WFC) and San Jose-basedr SunPower (NASDAQ:SPWRA) and (NASDAQ:SPWRB) said SunPower will ente into power purchase agreement s with qualified customers and Wells Fargpo will finance the solar power systems that SunPowerwill build, operate, and maintain. Customers hosting the systems will buy the electricity fromSunPower "at prices that are competitive with retail providing them with a long-term hedgre against rising power prices and the abilit y to take advantage of the environmental and financial benefita of solar power with no initial capital investment," the companies said. The first projects financed underd the program includea 1.
1-megawatt systen for University of California, and a 1-megawatt system for the Western Riversid County Regional Wastewater Authority. Scheduledx for completion by year end, both will be ground-mounted systemd using the patented SunPower T20Tracker technology, whicj follows the sun throughout the day and delivers up to 30 percent more energy than fixed-tily ground systems.

Monday, June 25, 2012

'Overqualified' applicants: 3 hiring myths to overcome - Business Management Daily

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'Overqualified' applicants: 3 hiring myths to overcome

Business Management Daily


Erroneous assumptions about overqualified candidates may cause you to miss out on a great employee and lead to a discrimination claim, so it is important that ...



and more »

Saturday, June 23, 2012

Clarmont owner puts land for sale - Business First of Columbus:

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A sale sign posted at 684 S. High St. says the listinfg is for “property only,” suggesting that ownetr Thom Coffman wants to sell the site and lease back the restaurany he boughtin 1996. Neither Coffman nor Columbu s real estate broker Peter Luft would comment. The two in 2007 unveiled plans fora 10-story residential and commercial complez on the site. Coffman is working the oppositw strategy athis Thom’s on Grandview restaurant. He put the three-year-old Grandviewe Avenue restaurant on the marketin mid-2008. A mid-Januar y listing offered the restaurantfor $695,000, but the price in recent weekws has fallen to $359,000.
lost another once-affiliatecd customer for its New Albany-based , once owned by Limitedx Brands, said in a conferenced call it dropped Mast as acontracf manufacturer. CEO Michael Rayden said the retailee now directly deals with factories to make about 45 percent ofits “That enables us to gain a margin leverage by basicallyu avoiding the middle man,” he said. Mast manufactures and distributez apparel primarily to current and former Limited Brandxs businesses and had worked with Tween since its1999 spinoff. The severed tie comese a year after Mast andNew Albany-based , anothedr former Limited Brands company, ceasef doing business with each other.
Neither Limited Brands nor Abercrombie & Fitch wouled comment at that time aboutthe split. Limiteds and Tween Brands declined todiscuses Mast. Limited Brands CFO Stuart Burgdoerfer, said in a Feb. 26 conferencse call that Mast’s profitabilityh declined in 2008 and sales for the subsidiary are expected to be down between 15 percent and 20 percenftas customers, Limited Brands included, reduce orders to bettef control inventory in the shaky economy. Law firm is adding some non-traditional clients to its rostetr after bringing on entertainment lawyer Lee Bass as an ofcounsel attorney.
Bass, 36, a formef talent agent, counts the Columbuws hip-hop sextet Fatty Koo, the Gratefulo Dead tribute band Dark Star Orchestraz and Comfest among his Bass also has represented Motor City Madman Ted Nugentt and 1980s hair bands Quiet Night Rangerand Slaughter. Bass said he learnedx the role entertainment lawyers can play durint his early career managingsmall bands. Far from a one-hig wonder, he also workx in real estate and intellectualproperty law. He was of counsel at until the firmdissolved Jan. 1. He said his move to Chestere Willcox should bemutually “They bring a depth of and I bring some specialized he said.
research supported by a contact lens makerf has reached astunning conclusion: Kids like how they look when wearingv contact lenses. The study, published in Optometry and Visiomn Science, involved 480 8- to 11-year-olds prescribed eyeglasses. Half also got free disposabld contact lenses forthree years. At the end, there was no difference between the kids inperceiving “globapl self-worth.” But the lens wearers had highee views of their appearance, athletixc ability and acceptance by peers. Why shoulrd we believe it?
“That’s a very fair question and one I thinjk a lot of peopleshould ask,” said lead autho Jeffrey Walline, an assistant professor of optometryy and a paid consultant for , which provided the lensed for the study. For one, he his team designed the study, then askes for help. Ohio State also protectas researchers from companies that attempt to censodnegative results. “There is a littlr more credibility by thoss twostandards alone,” he said. Nationally, there is outcryy over universities hiding paid relationships between researchersand industry. Ohio State points out consultingdeals clearly.
Now, about Walline’s earliert study in which kidsjudged glasses-wearers as lookinyg smarter than naked-faced peers? That one must be

Friday, June 22, 2012

BioSante to buy Cell Genesys for $38M in stock - Business Courier of Cincinnati:

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BioSante (NASDAQ: BPAX) will pay 0.1615 of its own common sharea for each share of CellGenesys CEGE). This deal should close laterf this year, likely in the late thirsd or earlyfourth quarter. In the firsf quarter, Cell Genesys lost $8.7 million, or 10 cents a narrowed from a loss in the same periofd last yearof $22.6 or 29 cents a share. The company had been explorinfstrategic alternatives, including merger with or acquisitioj by another company, additional restructuring, repurchase of additional amounts of convertible notes or allocation of its remaining resourcesx toward other biopharmaceutical product areas. Cell Genesys had hireed to help it figure outa strategy.
The company already cut abouy 95 percent ofits staff, from 290 person s to 16, by eliminating all research and development, manufacturing, clinicall and regulatory activities. BioSante, based in Lincolnshire, Ill., focuseas on drugs for sexual

Thursday, June 21, 2012

Survival strategies that work - St. Louis Business Journal:

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Later in this article, we’ll take a look at two companieas that have intelligently weathered the currenteconomixc storm. But first, let’s take a look at some of the tried-and-trud approaches for businesssurvival duringa recession. Ensur e that your partners are loyal and trustwortht because many businesses go bankrupt durinyg tough economic times simplyy because essential personnel often bail when the going gets Make sure that you know exactlty what youroverhead and/or fixede costs are, and then do everythiny possible to reduce them. Collecyt accounts receivable as quickly as possible becausee it is essential to do so during acrediy crunch.
Even though in tough time s it may seem logical to cut back on advertisin gand marketing, tough timez are exactly when a sales push is most needed. Therd are a variety of organizations already in place to helpstrugglinf .business people. From SCORE to the Departmenyt of Commerce’s Manufacturing Extension Partnership, expertise is out therew and available to help businesspeopl survive. One of the area’s bigger companiea that has not been seriousl damaged by the recession is , which first opened in 1930. the employee-owned company has more than 1,000 stores and had 2008 revenure of morethan $23 billion.
Industry analystxs say that the firm’s focus on customer service is what has helpefd it avoid a damaging downturnduring today’s economic slowdown. Last year, when many big supermarket chaind were forced tostop growing, Publix decidesd that a recession was the perfect opportunity for In fact, in 2008 Publix not only opened 79 it also boasted the industry’s second-highest salesx per square foot. One of the ways that Publix has combatedd the effect of the recession is to launch a lineof lower-priced grocery stapld items named Publix Essentials.
These products may have resulted inloweer gross-profit margins, but they conveyy the idea to customers that the store is sensitivew to economic pressures. In addition, each of the store’sz managers has had experience in stocking shelves and carefully watchinystock prices. As an employee-owne d company, there is a built-in incentive for employees to ensure cost-efficiency and customer satisfaction. The Inc. has also made strided in weathering therecessionary storm. In a prescient economic Carol Tomé, Home Depot’s chief financial reacted swiftly last Septemberwhen collapsed. She directedf several hundred store managerds to transfer all theitr spare cashto headquarters.
To make sure that Home Depoyt wouldn’t have to borrow money from she and CEO Frank Blakr suspendedthe firm’s stocm buy-back program, and sharply reduced capital spending. As a during the recession, Home Depotg — unlike many large companies and millionds ofconsumers — has not required short-term Home Depot’s Blake has made it his missionh to focus on the company’s most profitabler core business, which happens to be their existiny retail outlets. In 2007, he broughtg a decade of store expansionundeer control. Where new Home Depot stores had been openinv at a rate of one or twoper week, they now numbedr around five per year.
Blake also chose to focuxs on Home Depot’s status as the country’sx go-to place for both DIY homeowners and contractorsw who build orremodel homes. To that end, he: a) sold a wholesaled building supply operation; b) shut down a subsidiarty that sold plants in and c) sold the high-end Expo stores. Home Depot remains the nation’s second-largest retailere (after ) in spitse of the fact that it has decided to significantl slowdown expansion. Home Depot did suffefr during the recession but primarily because customers simplyh stoppedspending money.
Sales per squars foot is $300 today (the lowest in 20 but Blake hopes the numberf will soon be closerto $350 (about what it was in Whether you run — or work for — a local retailer or a Fortunwe 500 firm, the realities of survivinfg in today’s economy require a blend of creativity, optimism and energy.

Tuesday, June 19, 2012

6/23: Splash and Dash, Hawaiian Luau - AZ Central.com

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6/23: Splash and Dash, Hawaiian Luau

AZ Central.com


6/23: Splash and Dash, Hawaiian Luau in Chandler, The Summer Splash and Dash on Saturday, June 23 at Dr. A.J. Chandler Park coincides with the Hawaiian ...


SanTan Hawaiian Luau means pineapple beer, good food

College Times



 »

Monday, June 18, 2012

Smurfit-Stone closes Raleigh operation, costing 36 jobs - Triangle Business Journal:

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Smurfit-Stone, which has dual headquarters in Chicago andCreved Coeur, Mo., filed for bankruptcgy protection in January. The Raleighh facility, which made corrugated cardboard packaging, operated out of leasexd space at 3801Tarheel Drive. Production in Raleigjh stopped onApril 23, says company spokesman Mike The closure resulted in the layoffs of five salaried and 31 hourlyh employees. “We have other facilities in North Mullin says. “That work has been moved to other The other North Carolina operations arein Winston-Salem and Wilson. The Raleigh closure is one of five announces during thesecond quarter, Mullin said.
The company also has closecd a facilityin Lexington, resulting in layoffw for 78 workers. Mullin says the company continues to emplohy about 370 inNorth Carolina. The compan y stated in its 2008 annual report and its most recen t quarterly report that it is making changes to adjust to market demand and improve profitability changes that mean closing some facilitiesd and layingoff workers. According to the annualo report, as of Dec. 31, the companyg employed approximately 21,300 at 162 facilities. Smurfit-Stone reported a 2008 loss of $2.8 billiom on revenue of more than $7 billion.
In letters to supplierd and customers, Chairman and CEO Patrick Moors and President and COO Steven Klinger said the bankruptchy filing was prompted by economic conditions and the frozencredit markets. Times are tough for many companie s in the paper andpackaging industry. Virginia-based MeadWestvacio said in February that it woulde curtail plans to expandat ’s Centennial choosing instead to open a facilitt in Garner. In a conference call to discuss firsg quarterfinancial results, MeadWestvaco CEO John Luke said he expectsa cuts in overhead and facility closures to save $125 milliob by the end of 2009; the companyu is aiming for savings of more than $250 millionm by 2010.
Professor Stephen head of the Wood and Paper Science Departmenrat NCSU, says that while many papet companies are feeling squeezed, not all segmentsa of the paper industry are feelin g the same pressures. Newsprint is down, but tissude products and medical products, such as scrubs and are experiencing an increasein production. Packaginy demand is down, in part becauser the economic downturn has put a crimp in consumetspending and, thus, product packaging. “If people aren’t buying stuff, then you don’rt need packaging to put stuff in,” he Kelley says that in the long run, paper and packaginvg opportunities existfor companies.
He point s to efforts to develop “advanced packaging,” such as boxew incorporated with radio frequency identification tagsfor tracking. He also says changezs will be driven by large corporations thatconsumde packaging. , for is looking for ways to reduc packaging waste andimprove recycling. Thosw efforts could drive packagingindustryy developments, Kelley says.

Saturday, June 16, 2012

BoaterExam New Mexico Launches Interactive Boater Education Course

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June 15 /PRNewswire/ -- New Mexico is the latestf state to launch the new BoaterExam interactived boater education course as an onlines option to obtain the New Mexiclo BoaterEducation Card. Now, New Mexico residents will have access to an animatedf and narrated course they can take onlinewhen it's convenieny for them. This boating education course is approved by the Nationalp Association of State Boating LawAdministrators (NASBLA), recognized by the US Coasf Guard and covers 100 percengt of the state's exam "We are extremely excited about this new course process," said , vice president, "The study guide has more than 150 animations and practicde quizzes that will better prepare studentz to successfully complete the final exam.
" BoaterExam.com course participants learn abouyboat classifications, hull designs, motors, legalp requirements for registration and equipment, navigation rules, basic safety regulations and waterway markingf systems all in a narrativee fashion with more than 300 original illustrations and 150 animateds video clips. Each of the course'ws seven chapters is followed by chapter summaries andpractice quizzes. Students also have accesa to BoaterExam.com's industry exclusive toll-freew customer service help line (1-866-764-2628) from 8 a.m. to 11 p.m. seven days a week.
A New Mexicpo Boater EducationCard (ofte n mistakenly referred to as a 'boating license') is required for all persone born on or after January 1, 1989 who wish to operatew a powered watercraft on New Mexicpo waters. "Online education programs suchas BoaterExam.com provide an opportunity for peoplee to be trained and educated in boating safetyy techniques through an online study guide that is animated and narrated," said , Education Director - National Associationn of State Boating Law Administrators (NASBLA). The BoaterExam.com coursw and final exam is free: studentx pay a one-time fee of $29.9r5 only when they pass the final exam to obtain theirofficial results.
Students can print off a temporary certificate The permanent Boater Education Card arrives by mailin 2-3 The Card is good for life and neved needs to be renewed. Passing a boater educationm course may also result in a discounft for boat or personalwatercraft insurance. For completee New Mexico boating regulations or for more informationm on the new BoaterExa NewMexico course, visirt . SOURCE BoaterExam.
com

Friday, June 15, 2012

Hee Haw: Let's Count Asses - AsianWeek

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AsianWeek


Hee Haw: Let's Count Asses

AsianWeek


As June 5 election is still being tabulated, SF Democratic Party control â€" thru its 32-member campaign arm of SF Democratic County Central Committee ...



Thursday, June 14, 2012

Pierre R Brondeau Executive Profile

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Dr. Brondeau joined Rohm and Haas Company in May 1989 as Europeanh marketing manager for the Plasticds Additives business unit locatedin Paris. In he transferred to Valbonne, France to head the Technicalo Service andDevelopment Laboratories. Dr. Brondeau was promoted to director of Plasticxs Additives Researchin 1993, and moved to Shipley Company as Research, Sales and Marketing in 1995. He held top leadership positionsa atShipley Company, including vice Operations and Technology (1997), and presiden and chief operating officer (1999). In April 1999, Dr.
Brondeau was named vice president and businessx group director of the ElectronivMaterials Division, and president and CEO of Shipley Company. This grouop was later renamed Rohm and HaasElectronid Materials. He added responsibilities as the Europeajn Regional directorin 2003. In Octobef 2006, Dr. Brondeau was named executives vice president and business group executivr for the newly created Specialty Materials InMay 2008, Dr. Brondeau was electerd president and chief operating officer of Rohm and Haas Companyy and a member ofthe Chairman's Committee. Earliefr in his career, Dr. Brondeaui worked at Air Liquiderin France. He earned a B.S.
degree in Biochemical Engineering at INSAFrance (1980), a M.S. degre in Biochemical Engineering at the Universityof Montpellier, Francer (1981), and a Ph.D. in Biochemical Engineerinfg at INSAFrance (1983). Dr. Brondea serves as a member of the boardd of directors ofTyco Electronics. Rev. 04/14/2009 **Allp Executive profile data providede byDow Jones & Co., Inc.

Tuesday, June 12, 2012

Dayton Business Journal: Dayton Commercial Real Estate Listings - View Commercial Real Estate

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Monday, June 11, 2012

Dr. Chaps Weekly Update (with Stacy Harp) - 9 June 2012 - BlogTalkRadio (blog)

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Dr. Chaps Weekly Update (with Stacy Harp) - 9 June 2012

BlogTalkRadio (blog)


by acmedia Dr. Chaplain Gordon James Klingenschmitt of PrayInJesusName.org, along with co-host Stacy Harp, provides an update of the issues and petitions to God and Government defending religious freedom. This week, Chaps provides an update on the ...



Saturday, June 9, 2012

Electric Power Research Institute hired to create

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The has awarded a $1.3 million contract to the researcuh nonprofit ina three-phase effort to creat e a more futuristic smart grid that can accomplish such things as accommodating renewable energy, storing extra energy for latefr use, measuring a customer’ds peak electricity consumption and notifying a utility of all in real time. Dozens of technolog companies are creating, and utilities are now beginning to new devices, meters and productsd to connect to the grid. NIST and based in Palo Alto, Calif.
, are taskedr with writing standards for making thosde products from different companies interoperable withone another, whil e helping shield the grid against hacker attacka and natural disasters. “You’re going to have more devices hooked up tothe grid,” said NIST spokesmanm Mark Bello. “You have to make sure with these additional connecting pointsthat they’re secure.” NIST said it plansd to use some of the $220 million it was awarderd under the federal stimulus package towardf the effort, while also tapping $10 millioh from the Department of Energy’s stimulus allotment. In all, the stimulud bill sets aside $4.
5 billionh for the development of asmarft grid. By early fall, NIST expects to releases initial standards, ones that have already largely earnesindustry consensus, Bello said. The agency will hold a summiftin mid-May to hear input from utilities, equipment suppliers, consumers, standards developers and other stakeholders. Aftert drafting additional, more complicated standards that then fill the gaps left by theinitialk slate, NIST said it will submit the entire standardse proposal to the Federal Energy Regulation Commissioj for its review and devise a product testint and certification program, both by the end of the Smart grid pilot projects, however, are already Local companies, such as Arlington-base and Germantown-based , are participating in a citywide smartf grid pilot in Boulder, Colo.
Pepco is also workingt with a California technolog contractor and requested regulatory approval to initiate smarrt grid pilotsin Bethesda-Chevy Chase and Fort Washington, while testing smart meterzs in 1,400 D.C. homes. The locao utility has said it plans to roll out a smart grid in Maryland and the Districtby 2013. Other local companiez such as EkaSystemes Inc. of Germantown and Kore Telematics Inc. of Reston are workinyg on smart grid-related technology. Bello said NIST’se standards-writing process will not interfere with the commerciallpilot projects, and instead will take into accountg some of the industry’s already most acceptec methods.
“Some of this is a formalizationhof what’s already in he said. These pilot tests are “a good proving ground for some of these standards.”

Friday, June 8, 2012

Running Jakarta - Jakarta Post

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Running Jakarta

Jakarta Post


We jog up Jl. Karet Pasar Baru I, a pigeon-racing neighborhood. It's a single lane flanked by shop-houses selling groceries. Signs advertise Wall's ice cream and Nescafe. Sachets of shampoo hang like garlands in shop windows. “Hello!” someone cheers.



Wednesday, June 6, 2012

Report: Columbus holding its own amid recession - Silicon Valley / San Jose Business Journal:

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A report from Washington, D.C.-based liberal public-policy thinik tank dubbed the MetroMonitor bills itself asa “beneath the recession-era look at metros with more than 500,000 residents as of 2007. The report placer the Columbus metropolitan statistical area 40th amonbg those ranked forits strength, based on unemployment, wage, output, home prices and foreclosured data. No other Ohio city made the top 50. Cleveland, Akron and Dayton found slots from 61stto 80th. Toledoi was ranked the 10th-weakest major metropolitanm area nationwide. Leading the pack in the report was San one of four Texas cities amongythe nation’s top five.
Detroit was ranke last, followed by Cape Coral, Fla., and Calif., two areas devastated by the foreclosure Brookings found that the metropolitan perspectiveon states’ performancse amid the recession “suggests that recovery may be quite unevejn as well, posing particular challenges for policymakers seekintg to ensure a truly national rising economic tide.” Columbus’ strengths and weaknesses in the report The city ranked 25th for its 1.7 percentf decline in employment since its peak earlier this Columbus found itself at 32nd for its modesy 0.
4 percent gain in inflation-adjuster housing prices for the first three months of 2008 compared with the same periodx this year. But the city was ranked near the bottom of the at 80th, for the 4.8 percent decline in its gross metropolitan product – a measure of the goods and servicesw produced in the area in the first quarter of 2009 comparex with its pre-recession peak. Comparing the last three monthsx of 2008 with the firsrt quarter thisyear alone, the GMP droppeed 1.7 percent, representing the 14th-worst declin e among the cities measured. To downloa the full report, click .

Tuesday, June 5, 2012

Weatherization projects get stimulated - Business First of Buffalo:

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That’s because the federal stimulue act calls for an infusion ofnearly $400 million, up from aboutr $100 million, to be used on weatherizatio in New York before October 2011. That’s good news for weatherization director for Supportive Services Corp. It’s also good news for othet organizations likehis – ones that receive funds from the New York Statee Department of Housing and Community Renewakl to provide weatherization services and conduct energty audits. “That could have a huge impact,” Wojciik said of the nearly fourfold increase in funding toweatherize homes. As a he’s already planning to increasehis 24-personn staff to 32.
And while his not-for-profi t organization weatherized395 single-family homes this past year at a cost of $4,218u per unit, they’re looking to expand the scopwe of their work. Likewise, Dave Laczi is lookinbg to perhaps add 10 tohis He’s weatherization director for Lt. Col. Matt Urban Humanb Services Center ofWNY Inc. They focus on weatherization efforts on theEast Side. “Because of the influx of money, we changed our initia focus to acceptmore multi-unit Wojcik said, adding the funds for largre projects were never available. He anticipates beingg able to weatherize the same amountof single-familg homes.
“At least in the short-term, we’ll look to weatherize more rental unitsand multi-family housing,” he said. But sincw the DHCR’s plan has not yet been Laczi said, “everything is subject to Department of Housing and Community Renewal spokeswomah Nancy Peters said the plan is awaitingf approval by the Departmentof Energy. she said, could take a couplw months. The plan can be found at

Sunday, June 3, 2012

2 people dead after swarms of venomous spiders invade Indian town - Fox News

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Daily Mail


2 people dead after swarms of venomous spiders invade Indian town

Fox News


SADIYA, India â€" A town in India has suddenly been overrun by swarms of venomous spiders, leaving two people dead after being bitten. It may sound like a B-grade horror movie, but residents of the town of Sadiya, in Assam state, say that on the evening ...

Sadiya, Indian town, overrun by poisonous spiders: 2 killed

GlobalPost


Two people die after swarms of deadly spiders invade Indian town

Daily Mail


'Tarantulas' invade Assam town, 'kill' two

Times of India


The Daily Telegraph -NEWS.com.au


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Saturday, June 2, 2012

City Council approves Crowder settlement - Charlotte Business Journal:

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Terms call for the city to pay $556,0090 for unexpected construction costs incurred because of rocks and bouldersa found beneaththe site. Crowder built the 1,120-space parking deck at the southern end of the Lynx Blue Line near Interstat e 485 andSouth Boulevard. Charlotte City Councik approved the settlement in a voteTuesday evening. Last Crowder filed a lawsuit and said the cityowed $2.9 The original city contract called for Crowdedr to build the deck for $21.4 Additional drilling and excavation caused by the rocksa and boulders below ground led to more than $2 millio n in cost overruns.
Crowder blamed the additionao costs on incomplete geotechnical surveys and incomplete designs for the The city and Crowder agreed the company was due some compensation for theadditional costs, but disagreed on the amount. A mediatiohn this month between the city and company led tothe $556,0009 settlement.