The Palm Beach Post

Posts Tagged ‘Economy’

Strengthening U.S. dollar may lower gas prices in Palm Beach, Treasure Coast

Tuesday, January 19th, 2010 by TCPalm.com

A transportation watchdog hopes that a slight strengthening of the U.S. dollar in the past week will eventually curb the rising price of gas for homeowners and motorists.

But for now, the price at the pump continues to rise.

In Florida, a gallon of regular was selling on average for $2.80, up 2 cents from a week earlier, according to AAA Auto Club South.
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Bad economy equals more patients for Martin County clinic

Monday, January 4th, 2010 by Cara Fitzpatrick

At Stuart’s Volunteers in Medicine Clinic, doctors have seen first-hand the effects of a bad economy.

More patients. More repeat visits. The top two maladies treated at the nonprofit clinic are depression/anxiety and high-blood pressure. Diabetes is third.

“This year, we’ve just seen a lot more patients because of the economy,” said Tanya Spain, the clinic’s spokeswoman. (more…)

23 Martin County employees take buyout

Wednesday, December 2nd, 2009 by TCPalm.com

STUART — Martin County Library Director Donna Tunsoy, who helped lead a major expansion of the county’s library system, is among 23 county employees who are leaving under the latest buyout program.

Tunsoy, who was promoted to library director in November 1998, oversaw the opening of the Blake Library in Stuart, the Hobe Sound Library, the Hoke Library in Jensen Beach and the Morgade Library in Port Salerno. Tunsoy took over the $14 million expansion program from the county’s prior library director, Gretchen Cuffe.

“She completed the work that her predecessor started with creating a branch system of libraries that I would say is the envy of other communities our size,” said Suzanne Horstman, the executive director of the Library Foundation of Martin County.
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Port St. Lucie Civic Center fails to spur development

Monday, October 19th, 2009 by Cara Fitzpatrick

Port St. Lucie Civic Center

Port St. Lucie Civic Center


When the Port St. Lucie Civic Center opened last year, it was lauded as the start of downtown-style development.

Mayor Patricia Christensen called it the “beginning of a new era.”

Since its opening, though, the $25 million facility has had more success as a recreation center than as the economic anchor of a burgeoning “downtown” in a city built without one.

Its surrounding streets, with names such as Progress Lane and Main Street, are flanked by empty fields.

Its rental facilities have been used 180 times. Rental rates were cut in half late last month.

“The whole idea for this was to stimulate the development of a downtown and obviously the economy has had an effect on that,” said Chuck Proulx, the city’s parks and recreation director.
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Solar energy growing in Indiantown should be first step to more green power

Thursday, October 15th, 2009 by TCPalm.com

INDIANTOWN — Beyond the taqueria and past the cattle ranches here, more than 700 workers are busy building the largest solar-power plant in Florida.

They’re assembling giant aluminum frames that stretch 40 feet long and weigh 2,800 pounds apiece.

When the frames are finished, they will fit them with 192,000 mirrors.

And, eventually, they will attach steel pipes to hold liquid that the sun will heat to 700 degrees Fahrenheit.

To see the scene at Florida Power & Light Co.’s solar-thermal plant in western Martin County is to think that a new era of clean energy has finally dawned in the Sunshine State.

But not so fast.

Despite lots of talk about the need to be green, state lawmakers dragged their feet on proposed legislation this year. They never managed to pass a renewable-energy bill.

FPL says it has more solar projects ready to go — but it can’t build them until the state approves a law allowing it to recover the costs of construction. (more…)

Port St. Lucie project got $20 million from state as safeguards bypassed, campaign contributions made

Monday, October 12th, 2009 by Mike Bender

TALLAHASSEE — Two safeguards on a secretive process that turns tax dollars into cash incentives for private corporations were quietly removed in the final days of the 2009 legislative session to help a Jupiter Island investment manager quickly secure $20 million for his digital animation company.

An amendment gave Gov. Charlie Crist’s office, which helped craft the language, sole authority to award $42 million in economic development money. As a result, nine companies, each identified only by a code name, were awarded shares of the money within a week this summer. One $7.4 million project in Taylor County was never discussed in public.

Nearly half of the summer’s total went to Project Bumblebee — a proposal from John Textor, who is targeting Port St. Lucie for a spinoff of Digital Domain, a visual effects company he owns with Hollywood blockbuster producer Michael Bay.

Textor has promised that the spinoff, Wyndcrest Holdings, will create 500 jobs by 2014, and the recession-ravaged city is considering a separate incentive package worth $10 million in cash, land in Tradition and additional stimulus money from the city and St. Lucie County for a building.

But while the city considers its offer, the last-minute state budget amendment has already benefited the election campaigns of Crist and state Reps. Kevin Ambler, R-Tampa, and David Rivera, R-Miami, whose support was critical for the amendment.

Just days after the legislative session in May, which ran into overtime as lawmakers squabbled over the budget, Textor gave $5,000 to the Republican Party of Florida’s federal campaign account to help Crist, who has raised more than $6 million for his U.S. Senate race next year.

In June, Textor gathered $2,000 in donations for Ambler and $1,500 for Rivera. Textor also helped arrange for former Miami Dolphins quarterback Dan Marino, one of Textor’s business partners, to attend Ambler’s kickoff fund-raiser last month for Ambler’s state Senate campaign. Textor said he hopes to host a fund-raiser for Ambler in Palm Beach County. (more…)

Developer to give land away in Indiantown

Monday, September 14th, 2009 by Cara Fitzpatrick

Land doesn’t get cheaper than this.

Two years ago, Martin County commissioners approved plans for a 139-acre industrial park in Indiantown under rules that allow for quick development.

Now, Venture Park is still empty — and a developer is offering 2.6 acres for free in a bid to jump-start the local economy.

The parcel has a value of about $679,000, or about $6 per square foot. (more…)

Vero Fashion Outlets to stay open, mortgage holder says

Friday, September 11th, 2009 by TCPalm.com

VERO BEACH — If the owner of Vero Fashion Outlets mall doesn’t answer a $32.15-million mortgage foreclosure lawsuit by Sept. 16, it could lose the right to defend itself in the case, according to attorneys.

If so, a judge could order the outdoor mall at Interstate 95 and State Road 60 — the first large mall in the county — to be sold.

“We plan to stay open during the foreclosure and after,” said West Palm Beach attorney Kenneth Curtin, who represents the mortgage holder, LNV Corp., of Nevada. “The mall will stay the same as it is now, with tenants.” (more…)

Vero Fashion Outlets mall faces foreclosure

Thursday, September 10th, 2009 by TCPalm.com

VERO BEACH — A Nevada corporation that holds the mortgage for Vero Fashion Outlets is seeking to foreclose on the mall, according to civil lawsuit filed in Indian River Circuit Court.

LNV Corp. of Nevada is seeking $32.15 million, including principal and interest, because the mall defaulted on payments, according to the lawsuit.

“Vero (Fashion Outlets) has defaulted,” wrote attorney Kenneth Curtin, of West Palm Beach, in a lawsuit filed Aug. 26. It is assigned to Circuit Judge Paul Kanarek. No action has been taken in the civil lawsuit and the mall’s owners have not responded to the allegations. Curtin did not return calls Wednesday.
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Katrina victim ‘Peanut,’ taken in by Vero couple, returns after New Orleans owner can no longer care for him

Thursday, August 27th, 2009 by TCPalm.com

VERO BEACH — New Orleans resident Lionel Sims broke a hole in his roof to be rescued from Hurricane Katrina’s devastating flood waters in August 2005, but he had to leave behind a best friend, his dog Peanut.

Rescuers said they couldn’t take the dog.

Sims didn’t know if Peanut was dead or alive for about two months, until an American Red Cross volunteer tracked it to the Humane Society of Indian River County and Vero Beach.

And the two were reunited.
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