Broadway Grosses: Sting Brings a Predictable Box Office Boost to The Last Ship

first_imgAhoy! Grammy-winning rock icon Sting boarded his Broadway musical The Last Ship on December 9, stepping into the role of Jackie White. In his first full week of performances, the tuner’s grosses saw high tides, bringing in its largest gross of its run at $817,897. The show’s capacity rose 18% as well to 76.7%. Meanwhile, Love Letters, which had announced performances through February 15, 2015, shuttered on December 14 after 6 previews and 95 regular performances. Additionally, Side Show, which has brought in relatively low numbers since the revival began performances in October, will leave us after all on January 4, 2015. UNDERDOGS (By Gross) 5. Chicago ($414,484) 4. Honeymoon in Vegas ($396,473)** 3. Rock of Ages ($376,586) 2. Love Letters  ($274,612)* 1. This Is Our Youth ($270,455) UNDERDOGS (By Capacity) 5. You Can’t Take It With You (61.94%) 4. Chicago (59.17%) 3. If/Then (57.69%) 2. Mamma Mia! (56.80%) 1. Love Letters (56.59%)* *Number based on seven regular performances **Number based on eight preview performances View Comments FRONTRUNNERS (By Capacity) 1. The Book of Mormon (102.61%) 2. The River (100.72%) 3. The Elephant Man (100.66%) 4. Beautiful:The Carole King Musical (100.27%) 5. Aladdin (98.89%) Source: The Broadway League Here’s a look at who was on top—and who was not—for the week ending December 14: FRONTRUNNERS (By Gross) 1. The Lion King ($1,925,063) 2. Wicked ($1,746,037) 3. The Book of Mormon ($1,739,667) 4. Aladdin ($1,529,288) 5. It’s Only a Play ($1,413,682)last_img read more

Pensacola honors Emmanuel

first_img June 15, 2002 Regular News Pensacola honors Emmanuel Pensacola honors EmmanuelPatrick Emmanuel was recently presented the “Spirit of Pensacola” award from the Pensacola Chamber of Commerce.Emmanuel, a native of Pensacola, was admitted to the Bar in 1946 and has served as president of the Society of the Bar of the First Judicial Circuit, The Florida Bar, and The Florida Bar Foundation. He has served on the Federal Judicial Nominating Commission of Florida. Emmanuel also was awarded the Bronze Star for service during the Battle of the Bulge during World War II.His community involvement has been evident through service to the Northwest Florida Crippled Children’s Home and the Florida Children’s Commission. He served as a member of the Board for Associated and Catholic Charities and devoted many years of service as an unpaid legal counsel to the N.W. Florida Crippled Children’s Home, as well as Catholic Charities.last_img read more

What is the “curbside delivery” model for credit unions?

first_imgContact Centers: Expect call volumes to increase during this time. With many branches still closed to foot traffic and rising financial uncertainty, call centers are a critical lifeline for your members. If your agents have been displaced to remote facilities, ensure they’re being retrained to maintain the same level of service[8]. New Ways of EngagementAs businesses respond to the ongoing health and economic crisis, they are finding new ways to engage with their customers. By developing their own version of “curbside delivery”, credit unions can deliver peace of mind to their members while also driving engagement and loyalty – all of which goes a long way towards becoming your members’ Primary Financial Relationship.If and when you need it, CO-OP has you covered with an ecosystem of products and services designed to help you own more member moments. Learn more. Increase janitorial services and do regular, deep cleaning every night.Maintain at least 6 feet of social distancing among employees and members. Some places of business are using painters tape to place markings six feet apart on the ground in areas where lines build up.Require all employees to wear gloves and masks. This goes for employees working in the drive-through, as well.Ensure you are regularly informing your members of the latest branch closings, re-openings and changes to service hours, as well as alternative ways to access credit union services. Post signage at all ATMs, branches and drive-through locations. 14SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Kathy Snider Dr. Kathy Snider is Senior Vice President Engage Products for CO-OP Financial Services (www.co-opfs.org), a provider of payments and financial technology to credit unions. Web: https://www.co-opfs.org Details [1] “Curbside pickup at retail stores surges 208% during coronavirus pandemic,” by Lauren Thomas, CNBC, April 27, 2020. https://www.cnbc.com/2020/04/27/coronavirus-curbside-pickup-at-retail-stores-surges-208percent.html[2] “Financial literacy program moves to teaching online,” The News-Enterprise, May 5, 2020. https://www.thenewsenterprise.com/news/business/financial-literacy-program-moves-to-teaching-online/article_a3395d7f-a1c7-598d-9028-c2075449c887.html[3] Affinity Plus Federal Credit Union. https://www.affinityplus.org/covid-19[4] https://www.coastal24.com/CoastalCreditUnion/media/PDFs/Annual-Reports/2020-Member-and-Community-Impact-Report.pdf[5] “Filene Research Institute – preliminary notes on the COVID-19 crisis and implications for credit unions,” p. 17.[6]“Despite the rise of online banks, millennials are still visiting branches.” By Kate Rooney, CNBC, December 5, 2019. https://www.cnbc.com/2019/12/05/despite-the-rise-of-online-banks-millennials-still-go-to-branches.html[7] “COVID 19 Best Practices” https://view.ceros.com/co-op/covid19-best-practices/p/2[8] “CO-OP Moved Quickly as Calls Surged,” CUToday, May 3, 2020. http://www.cutoday.info/THE-boost/CO-OP-Moved-Quickly-As-Calls-Surgedcenter_img For those credit unions participating in CO-OP’s extensive Shared Branch network, remind your members they can easily locate a nearby branch using the CO-OP Shared Branch/ATM locator tool. (Note: Some Shared Branch locations may be temporarily unavailable. The Locator is frequently updated, but you may wish to contact the branch to confirm their status.)ATMs: Be sure your ATMs are cleaned regularly. The National ATM Council released a comprehensive set of guidelines for COVID-19 safety and spread prevention. Don’t forget to post signage at your branches and drive-thru ATMs to guest members notifying them of changes in your branch/ATM operations. And, if your credit union participates in the CO-OP ATM Network, remind your members to use the CO-OP Shared Branch/ATM locator tool to find an ATM near them. They can use the “Advanced Search” tab to find one of the 7,200+ ATMs that accept deposits or offer drive-through capabilities. Since much of the country shut down to minimize the spread of COVID-19, businesses of all kinds have transitioned to “curbside delivery” as a way to keep their doors open and continue meeting consumer demand during the crisis.Examples include restaurants offering takeout, breweries packaging their product in cans to-go, and brick-and-mortar retailers offering online ordering with contact-free pickup service. In fact, curbside pickup surged 208% between April 1st and 20th, as compared with the same time period a year prior[1].But what does a “curbside delivery” service model for credit union members look like? In one example, as a response to the shutdown of school districts across Kentucky, Abound Credit Union shifted its VAULT financial education program to a fully online distance learning model, supporting teachers as they transitioned to non-traditional instruction[2]. Meanwhile, Affinity Plus FCU (St. Paul, MN) has begun offering car-side assistance, and representatives will even hand-deliver a new debit card to a member in need[3].As conditions evolve, here are some key areas to consider on as you transition to a “curbside delivery” model:Digital banking and self-service tools: As long as branches are closed to foot traffic, credit unions need to promote easy access to remote self-service delivery. Services like online and mobile banking, mobile check deposit, and online membership and loan applications are particularly important right now.For some credit unions, a high tech/high touch approach is nothing new. Coastal FCU (Raleigh, NC) was an early adopter of video teller technology, and in fact, was one of the first financial institutions in the world to implement the service across its entire branch network! Today, the $3.4 billion cooperative serves 270,000 members across 23 branches in central North Carolina[4], and its widespread deployment of Personal Teller Machines beginning in the early 2000s was a key to that growth.Of course, simply offering remote access technology is one thing. During a time of crisis, equitable access becomes even more critical.To help ensure you’re reaching those most in need, it’s important to educate your members on how to use digital technology. Over three-quarters of financial institutions say they are providing additional education on the use of remote channels during the pandemic[5].Payments: As concerns increase around face-to-face commerce and hygiene during the pandemic, consumers are seeking out alternatives to paying with cash and physical cards. Fortunately, many options are available, including person-to-person (P2P) platforms, mobile wallets, registered prepaid cards and contactless payments.To meet your members’ changing needs and expectations, now is the time to invest in and activate your digital payment strategy by offering a range of solutions, including contactless, P2P, prepaid, card controls and alerts and digital wallets.Branches: Pre-crisis, most consumers relied on multiple banking channels. According to a consumer study by Jefferies, nearly 75 percent of respondents visited physical branches at least once per month.[6]In the early weeks of the pandemic, some CUs across the country closed their branches to foot traffic, some leaving the drive-through as the only person-to-person point of access. Yet, many members still count on their branch even during these uncertain times. In fact, CO-OP Shared Branch transaction volume increased 20% on the day stimulus checks were announced.As you consider reopening your branches, do it safely by following these protocols[7]:last_img read more

Will The Marketplace Lending Bubble Pop When Interest Rates Increase?

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York Federal Reserve Chair Janet Yellen has indicated that the Fed will consider raising interest rates at its December meeting for the first time since 2006. Her confidence appears to stem primarily from strong, consistent employment growth, though other key factors such as global market performance and terrorism threats are in the decision-making mix. Market players and market makers are watching closely, knowing the stock market ride might be coming to a close. One caveat to whatever reaction to a rate hike ensues is that investors have historically taken gains off the table in December only to drive the market upward in January, so I wouldn’t place too much credence in market behavior, assuming Yellen decides to test the waters with an increase tomorrow. Click here for a guide to the Federal Reserve powers and what happens when rates move. While some market reactions are more predictable than others, the relatively new phenomenon of marketplace (peer-to-peer) lending has yet to weather a rate hike. As a practical matter, we’re likely only talking about 25 basis points, which is hardly a shock to the system. This should be seen as more of a test, with the understanding that Yellen can halt further increases or even reverse her decision at the next meeting in the event of a sustained negative reaction in the markets or unforeseen external threats to the US economy. Most economists and market players appear to believe the ramifications of a slight increase can be effectively sustained. Goldman Sachs has even ventured to predict multiple increases in 2016.But it’s worth exploring the issue of liquidity, and where exactly capital in marketplace lending is being derived. Marketplace (Alternative) Lending OverviewFirst, it’s important to draw a distinction between the major players in this arena. Companies such as Prosper and Lending Club are the most well-known among the peer-to-peer lenders in the consumer loan space. (Click here for a list of marketplace lending definitions.) These companies are essentially exchanges that pair investors—both private and institutional—and borrowers. Think of it as “crowd-funding” consumer loans. Borrowers on these exchanges submit an application through an automated decisioning process that runs their credit and identifies certain risk factors before placing their requests on the exchange. Portions of their loan request, or in some cases the entire loan, can be purchased by an investor on the other side of the exchange. OnDeck, the largest US company in the small business space, provides a similar borrowing experience for small business owners in need of capital. There are hundreds of companies that have entered both the consumer and small business lending space but are considered “direct lenders.” These are companies that evaluate applications and decide whether or not to fund them directly. Here again, many are using institutional funds from banks, hedge funds or investment pools to fund loans. Some loans move entirely to the investors or are “participated” out in packaged investments. There are, however, “balance sheet lenders” who maintain the entire portfolio, thereby assuming all of the investment risk. Because the lending criteria is more automated and unsecured, rates on these investments are typically much higher than rates offered by traditional lenders. Consumers with compromised credit looking to pay down student loans or credit card debt are typically the prime targets for the consumer exchanges and direct lenders. Likewise, small businesses that have been locked out of the capital markets, regardless of their creditworthiness, have found a haven in this type of lending arrangement. Searching For YieldThe growth of marketplace lenders such as Prosper, Lending Club and OnDeck has caught the attention of Wall Street in a major way. Projected returns for loans on the exchanges are typically in the high teens, and reported default rates (though there is debate about the efficacy of these numbers) hover between 4 percent and 8 percent. We know that consumer default rates are the lowest in a decade, since the run-up to the banking crisis beginning in 2008. Recent reports indicate this trend may be in jeopardy, but the numbers are still remarkably low compared to the height of the crisis. Given the low cost of capital and relatively stable consumer default environment, investors have been able to toy with marketplace lending with relative comfort. The same logic has applied to the dramatic recovery in the stock market, as institutional investors have been able to essentially participate in quasi-riskless arbitrage, borrowing cheap money and investing for substantial gains in equities. Yet because the equity market is still highly volatile compared to the seemingly consistent yields in marketplace lending, investors have been willing to provide liquidity to the exchanges. Now that the Federal Reserve is emboldened enough by the employment recovery and is testing the waters with a rate increase, it calls the above strategy into question. The increase the Fed is considering is on the interbank lending rate, which is the cost at which banks borrow funds. While 25 basis points isn’t likely to disrupt very much, it will give pause to some institutional investors and cause them to re-evaluate their strategies going forward. Because the consumer exchanges rely so heavily on institutional investment dollars and the space is relatively new, there’s a chance that some of the more conservative investors will pull back and seek higher ground. Hedge funds will no doubt continue to play a significant capital role on the exchanges, however. Perhaps the more important trend to watch is consumer default rates. Employment growth has certainly been good for the economy and lower daily costs, such as gas prices, have provided some spending flexibility. But wage growth remains frustratingly low, which means the consumer is far from out of the woods. The UpshotThe combination of higher borrowing costs and increasing default rates will challenge the marketplace lending model over the next 18 to 36 months. It’s likely that direct lenders with stricter underwriting policies will be better positioned to withstand market forces than the exchanges.Tags & Sources: Federal Reserve Rate Increase, Janet Yellen, New York Times, Financial Times, Marketplace Lending, Prosper, OnDeck, Lending Club, Mayava Capital, Goldman Sachs, Peer-to-peer lending, alternative online lending, Consumer lending bubble, business loan consolidation, Business Loan Today, credit card lending, student debt, small business loans, consumer lending(Photo: Federal Reserve Chair Janet Yellen)last_img read more

Stop blaming flight attendants

first_imgMy daughter is a flight attendant for United with over 20 years experience and has many tales to tell about demanding, disrespectful and rude passengers. I’m sure the cartoon was meant to refer to the recent passenger complaints about their treatment on flights. Perhaps these passengers should spent some time acquainting themselves with the airline and FAA rules about passenger behavior, carry on baggage, and animals. Do what you are asked to do by the attendants — take you seat, have your child sit in his/her assigned seat with restraint attached (not on your lap), baggage in the overhead compartment, no concealing of small dogs or pets in your carry on baggage, etc.The flight attendants are not there to harass you. The attendants are required to undergo extensive training to insure the safety of you and your fellow passengers. If your failure (or ignorance) to obey the rules or attendant instructions cause you to be inconvenienced or removed from the flight, learn a lesson — duh.How smart is it to hide a small animal (dog) in your carry on bag, have it put in the overhead compartment, have the animal suffocate and then blame the airline for causing the animal’s death. Really?Stop blaming the flight attendants who are doing their job to protect you and your fellow passengers. You can always drive, take a train or boat — consider the safety and comfort of your fellow passengers (and also yourself).FRANK LONGORotterdamMore from The Daily Gazette:Car hits garage in Rotterdam Sunday morning; Garage, car burnFoss: Should main downtown branch of the Schenectady County Public Library reopen?EDITORIAL: Urgent: Today is the last day to complete the censusEDITORIAL: Find a way to get family members into nursing homesEDITORIAL: Thruway tax unfair to working motorists Is your March 17 cartoon on the Opinion Page meant to depict a “witch” or “tramp” as a United Airline flight attendant? If so, it’s highly offensive. Categories: Letters to the Editor, Opinionlast_img read more

US tops 3 million known infections as coronavirus surges

first_imgIn Texas alone, the number of hospitalized patients more than doubled in just two weeks.The trend has driven many more Americans to seek out COVID-19 screenings. The US Department of Health and Human Services said on Tuesday it was adding short-term “surge” testing sites in three metropolitan areas in Florida, Louisiana and Texas.In Houston, a line of more than 200 cars snaked around the United Memorial Medical Center as people waited hours in sweltering heat to get tested. Some had arrived the night before to secure a place in line at the drive-through site.”I got tested because my younger brother got positive,” said Fred Robles, 32, who spent the night in his car. “There’s so many people that need to get tested, there’s nothing you can do about it.” The US coronavirus outbreak crossed a grim milestone of over 3 million confirmed cases on Tuesday as more states reported record numbers of new infections, and Florida faced an impending shortage of intensive care unit hospital beds.Authorities have reported alarming upswings of daily caseloads in roughly two dozen states over the past two weeks, a sign that efforts to control transmission of the novel coronavirus have failed in large swaths of the country.California, Hawaii, Idaho, Missouri, Montana, Oklahoma and Texas on Tuesday shattered their previous daily record highs for new cases. The biggest jumps occurred in Texas and California, the two largest US states, with more than 10,000 each. About 24 states have reported disturbingly high infection rates as a percentage of diagnostic tests conducted over the past week. Dean Davis, 32, who lost his job due to the pandemic, said he arrived at the testing site at 3 a.m. Tuesday after he waited for hours on Monday but failed to make the cutoff.”I was like, let me get here at 3, maybe nobody will be here,” Davis said. “I got here, there was a line already.”In Florida, more than four dozen hospitals across 25 of 67 counties reported their intensive care units had reached full capacity, according to the state’s Agency for Health Care Administration. Only 17% of the total 6,010 adult ICU beds statewide were available on Tuesday, down from 20% three days earlier.Additional hospitalizations could strain healthcare systems in many areas, leading to an uptick in lives lost from the respiratory illness that has killed more than 131,000 Americans to date. At least 923 of those deaths were reported Tuesday, the biggest single-day toll since June 10 but still far fewer than the record 2,806 tallied back in April.A widely cited mortality model from the University of Washington’s Institute for Health Metrics and Evaluation (IHME) projected on Tuesday that US deaths would reach 208,000 by Nov. 1, with the outbreak expected to gain new momentum heading into the fall.A hoped-for summertime decline in transmission of the virus never materialized, the IHME said.“The US didn’t experience a true end of the first wave of the pandemic,” the IHME’s director, Dr. Christopher Murray, said in a statement. “This will not spare us from a second surge in the fall, which will hit particularly hard in states currently seeing high levels of infections.”’Pressure on governors’President Donald Trump, who has pushed for restarting the US economy and urged Americans to return to their normal routines, said on Tuesday he would lean on state governors to open schools in the fall.Speaking at the White House, Trump said some people wanted to keep schools closed for political reasons. “No way, so we’re very much going to put pressure on governors and everybody else to open the schools.”New COVID-19 infections are rising in 42 states, based on a Reuters analysis of the past two weeks. By Tuesday afternoon, the number of confirmed US cases had surpassed 3 million, affecting nearly one of every 100 Americans and a population roughly equal to Nevada’s.In Arizona, another hot spot, the rate of coronavirus tests coming back positive rose to 26% for the week ended July 5, leading two dozen states with positivity rates exceeding 5%. The World Heath Organization considers a rate over 5% to be troubling.The surge has forced authorities to backpedal on moves to reopen businesses, such as restaurants and bars, after mandatory lockdowns in March and April reduced economic activity to a virtual standstill and put millions of Americans out of work.The Texas state fair, which had been scheduled to open on Sept. 25, has been canceled for the first time since World War Two, organizers announced on Tuesday.In Ohio, Governor Mike DeWine said the state was ordering people in seven counties to wear face coverings in public starting Wednesday evening.Topics :last_img read more

Vinales wins Emilia Romagna Grand Prix as Bagnaia crashes

first_img“Amazing job this weekend, we prepared really good… Pecco [Bagnaia] was really fast. I tried to save the tyres for the last 10 laps and started to push at the end of the race,” Vinales said.”After he made a mistake, I tried not to crash and take the maximum points. It feels fantastic, I’m very happy… we need to continue like this because we have a lot more potential.”Bagnaia was denied the chance to start at the head of the grid despite setting a record lap on Saturday as he exceeded track limits and the Italian hit the tarmac on lap 20 after losing control of his bike at turn six.Seven-times MotoGP champion Valentino Rossi, who was chasing his 200th podium finish, crashed at turn four on the second lap in tricky conditions following earlier rain.Also enduring a disappointing afternoon was South African Brad Binder, winner of the Czech Grand Prix, who suffered an early crash.The first seven rounds of the COVID-19-hit season have produced six different winners, with Quartararo taking the opening two races in Jerez, Spain.Ducati’s Andrea Dovizioso finished eighth to cling on to the world championship lead with 84 points, a point ahead of Quartararo and Vinales. Topics : Yamaha’s Maverick Vinales claimed his first win of the season in the Emilia Romagna MotoGP at Misano World Circuit on Sunday, after race leader Francesco Bagnaia of Pramac Racing crashed with seven laps remaining.Pole-sitter Vinales got off to a slow start but finished strongly to clock a time of 41 minutes, 55.846 seconds and beat fellow Spaniard Joan Mir of Suzuki by 2.425 seconds.KTM rider Pol Espargaro was moved up to third to make it an all-Spanish podium when Petronas Yamaha’s Fabio Quartararo was handed a three-second penalty for exceeding track limits.last_img read more

Jurgen Klopp drops Fabinho selection hint ahead of Arsenal showdown

first_img Comment Jurgen Klopp drops Fabinho selection hint ahead of Arsenal showdown Fabinho replaced Virgil van Dijk at half time in Liverpool’s 7-2 win at Lincoln (Picture: Getty)Asked if his positional switch was a long-term answer, the Liverpool boss told Sky Sports: ‘What do I know? ‘We have to make sure we have centre halves when we play football and Fabinho can obviously play the position very well, he’s fit and that’s good, so he gets minutes, that’s good for him.More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing Arsenal‘Joe [Gomez] should be back in training tomorrow [Friday], I hope so and the situation could look slightly different. ‘But he is doing really well, if he plays like he played against Chelsea he can play as a centre half, 100%.‘If somebody else plays as a 6, he has another position.’MORE: Jurgen Klopp rates Kostas Tsimikas and Diogo Jota’s Liverpool debutsMORE: Jurgen Klopp reacts to Liverpool setting up Arsenal clash after Lincoln thrashingFollow Metro Sport across our social channels, on Facebook, Twitter and Instagram.For more stories like this, check our sport page. Metro Sport ReporterFriday 25 Sep 2020 8:38 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link7.3kShares Fabinho’s versatility represents a major plus for Liverpool manager Jurgen Klopp (Picture: Getty)Jurgen Klopp admits Joe Gomez’s likely return to fitness ahead of Monday’s heavyweight Premier League clash against Arsenal is likely to impact on his team selection and Fabinho’s involvement in particular. The Brazil international started the season in his customary role at the base of Liverpool’s midfield, but was deployed at centre-half at Stamford Bridge last week in the absence of Gomez.Fabinho gave an assured performance and helped tame the likes of Timo Werner and Kai Havertz as the Premier League champions coasted to a 2-0 victory against Chelsea. The 23-year-old replaced Virgil van Dijk at half time in last night’s 7-2 Carabao Cup win over Lincoln last night and again looked comfortable at the heart of Liverpool’s defence. AdvertisementAdvertisementADVERTISEMENTThiago Alcantara’s arrival from Bayern Munich last week has handed Klopp another standout midfield option and the Liverpool manager admitted Fabinho’s versatility could be vital to his hopes of enjoying an extended run in the first XI. Advertisement Advertisementlast_img read more

Townsville residents are sitting on property gold after Adani coal mine approval

first_imgDavid and Louise Fellows are looking to sell their Bushland Beach home following the approval of the Adani mine. Picture: Evan MorganTheir daughter, Daisy Wolf, who is helping her parents with the sale, said they had been waiting for the right time and the announcement changed everything. Adani cleared the last hurdle last Thursday when the Queensland Environment Department approved the company’s groundwater management plan. Waterfront development hits the market David and Louise Fellows are looking to sell their Bushland Beach home following the approval of the Adani mine. Picture: Evan MorganTOWNSVILLE property prices are expected to soar with homeowners ready to sell and investors predicted to pounce in the wake of Adani receiving the green light for its Carmichael Mine.Bushland Beach homeowners David and Louise Fellows will now put their house on the market earlier than planned after the Indian mining giant was finaly approved last week after nearly a decade.MORE NEWS Tradie saves his way to four investment properties by 22 MORE IN REAL ESTATE High flyer beach pad at Pallarendacenter_img Supplied image of Brenden Dousling, Allan Skillings, Ted Pham, Greg Bennett, Ally Foley and Mick Heap at the Adani Carmichael mine site where construction has begun.“We had a real estate agent out to the house on Wednesday,” Ms Wolf said. “Now that Adani has been approved I think prices will be best in a year’s time.“We probably would have put it on the market in a few years, but now we have decided we will do it sooner because we think we will get the most for it then.”REIQ regional director Damien Keyes said he expected property prices would increase with the demand at the beginning of next year, on the back of the building ramping up at the Galilee Basin mine site. “The approval of Adani will make our region in particular of importance to out-of-town investors.”More from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020 REIQ regional director Damien Keyes. Picture: Evan Morgan“I think that towards the back end 2019 the volume of sales will start to lift and in the New Year we will start to see the median property price in Townsville start to rise,” Mr Keyes said. “Conditions are pretty perfect for investment in Townville at the moment.”Propertology’s head of research Simon Pressley said demand for housing in the region would also come from infrastructure projects like the $30 million port project. In this year’s budget the State Government announced it would be spending more than $930.7 million on regional infrastructure, which will create more than 3200 jobs.Combined with a pipeline of other projects in the works, the next few years should be particularly positive for North Queensland.“Projects like the new military training facility, the waterfront development, the port masterplan, Haughton pipeline, Kidston renewable energy project, and a few mining projects including Adani are good for the region,” Mr Pressley said. Propertology’s head of research Simon Pressley.“Propertyology expects further job creation to help boost local confidence along with Townsville’s demand for housing.“Rental vacancy rates are tight, interest rates are the lowest seen for generations, the Federal Government’s new first homeowner scheme is a ripper, and yields are strong for investors.” Ray White agent Julie Mahoney, said buyers were quick to put their money where their mouth was, which is a good sign for the future. “Five out of five properties sold under the hammer on Tuesday night,” Ms Mahoney said. “I’ve seen mostly owner-occupiers in the market and people buying for re-sale and subdivision purposes in the future.“Townsville is fast approaching a ‘normal’ market and the announcement of massive projects and the Adani approval has signalled confidence and the promise of numerous job opportunities.”REMAX agent Michelle Hyde also said she has seen an increase in buyers on the market since the federal election. “I think the local economy is on the up again.” Ms Hyde said.“Recently I’ve been getting multiple offers on the properties I’m marketing and that’s something we haven’t seen for quite some time in Townsville.”last_img read more

Innovacorp invites ocean energy start-up bids for COVE

first_imgNova Scotia’s early stage venture capital organization Innovacorp has launched a call for ocean energy start-ups to join its technology incubator inside Centre for Ocean Ventures and Entrepreneurship (COVE).Under its Start-Up Yard at COVE call, Innovacorp is inviting early stage ocean technology companies to apply for a prize of C$25,000 in non-dilutive funding and access to mentoring, workspace, workshops and experts.Start-Up Yard is the incubation facility and accelerator at COVE. It helps early stage ocean technology companies commercialize their products and services and succeed in the global marketplace. It offers programs, incubation space and services, funding, shared equipment, expertise and mentoring.It also partners with post-secondary institutions to help drive commercialization of ocean technologies.The Start-Up Yard is targeting applications from energy, marine transportation, fisheries aquaculture, marine defense & security, and marine tourism sectors.Entrants must be a start-up based in Nova Scotia and must be pre-revenue or in-market with sales of less than $1 million per year to be eligible to apply for the call which runs until March 16, 2018.last_img read more