Gilts rally after Fed opens door to more stimulus

first_img KCS-content whatsapp YIELDS on UK government bonds saw their sharpest fall in 18 months, after the US?Federal Reserve said it was open to a new round of quantitative easing (QE) to help revive the flagging American economy.The yield on the benchmark 10-year gilt dropped by 15 basis points to 2.97 per cent, the biggest drop since the Bank of England started buying up government bonds in March last year. Gilts were given a further boost when the minutes from the Bank of England’s most recent Monetary Policy Committee (MPC) meeting showed increased concerns about the outlook for the economy. But Sam Hill, a UK fixed income strategist at RBC Capital Markets warned it would be difficult to justify more QE with inflation already higher than target.The UK rally tracked similar movements in the US gilts market, where yields on benchmark 10-year Treasuries slid to their lowest level in three weeks.Gold prices saw yet another spike, with spot gold setting a record of almost $1,300 an ounce, while the dollar lost 1.5 per cent on a trade weighted basis, on fears that another round of stimulus would mean an effective devaluation of the currency. whatsapp Wednesday 22 September 2010 8:56 pm center_img Share Tags: NULL More From Our Partners Mark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Show Comments ▼ Gilts rally after Fed opens door to more stimulus last_img read more

NY Gaming Commission sets out sports betting regulations

first_img The New York State Gaming Commission has taken the first step towards launching regulated sports betting in the state after approving regulations for the vertical.A meeting on Monday (January 28) saw the six-member commission approve regulations that will allow the state’s four commercial casinos to obtain sports betting licences, setting out a range of technical and reporting requirements.Sports betting must be conducted in dedicated, in-venue lounges, which must be at least 500 square feet, with no form of on-property mobile wagering or online betting permitted. All individuals directly involved in the operation of the sportsbook offering must be licensed or registered by the Commission, under the terms of the state’s Racing, Pari-Mutuel Wagering and Breeding Law.The operators themselves will be able to apply for certification that lasts as long as their casino licence, provided they supply a detailed operational plan for their sportsbook, as well as any evidence of their experience in sports betting.The casinos may also partner with a vendor to operate or assist in the running of the sportsbook, with all four existing commercial venues having already done so. Empire Resorts’ Resorts World Catskills has paired off with bet365; the del Lago Resort & Casino with DraftKings; Paddy Power Betfair’s FanDuel with Tioga Downs and Rush Street’s interactive arm will power sports betting at its Rivers Casino & Resort Schenectady.Players aged 21 and over will be able to bet on any event whose outcome can be verified and provided the outcome of the wager can be generated by a reliable and independent process. The event’s outcome must not be affected by bets being placed and the event must be conducted in compliance with all applicable laws, rules and regulations.Wagering will not be permitted on horse racing, on any amateur or youth sports event other than collegiate sports approved by the commission, and no bets can be placed on non-sporting events.The Commission may also rule that betting on certain sporting events is contrary to public policy. Leagues or governing bodies are able to submit requests for wagering on events they manage to be prohibited, provided they do so 60 days ahead of that event taking place.While the rules do not mandate the use of official league data, operators are required to regularly check the accuracy of the sports data feeds they use, and to employ an integrity monitoring provider to flag any unusual betting activity.The regulations are also likely to be applicable to the state’s tribal casinos, which are permitted to offer the same products as commercial venues under state gaming laws.Having been passed by the New York State Gaming Commission, the regulations will now be accepting public comments for a 60-day period, before being given final approval.The passage of the legislation has been smoothed by a 2013 law that gave New York the green light to establish commercial casinos in upstate areas, to create new jobs in the area. This was approved by voters with an amendment that gave the state the right to regulate sports betting should the Professional and Amateur Sports Protection Act be struck down.However as it only permits land-based, in-venue wagering, efforts to pass legislation for a wider roll-out of sports betting are underway. State Senate Racing, Wagering and Gaming Committee chair Joseph Addabbo has signalled his commitment to pushing for the current regulations to be amended to legalise mobile wagering, while Assemblyman Gary Pretlow has also pledged to introduce his own proposal. Email Address NY Gaming Commission sets out sports betting regulations 29th January 2019 | By contenteditor AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: US New York Tags: Race Track and Racino The New York State Gaming Commission has taken the first step towards launching legal sports betting in the state after approving regulations for the vertical, with the framework omitting any form of in-venue mobile wagering. Subscribe to the iGaming newsletter Topics: Casino & games Legal & compliance Sports betting Horse racing Casino & gameslast_img read more

DraftKings becomes official partner of Professional Fighters League

first_img Topics: Marketing & affiliates Sports betting Sponsorship DFS Online sports betting Sponsorship It will also collaborate with PFL to create exclusive, themed content across both organizations’ social and digital platforms. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Image: World Poker Tour The multi-year partnership will begin with the availability of wagering on PFL on DraftKings’ platform across the US, pending regulatory approvals. Subscribe to the iGaming newsletter Regions: US Tags: DraftKings Professional Fighters League 21st April 2021 | By Conor Mulheir During broadcasts, DraftKings logos will be featured in and around the cage, and the operator has received the exclusive rights to use PFL logos and “official partner” branding for advertising and promotions. In addition, the operator will offer cash prizes together with PFL-branded pools tied to the league’s regular season, playoffs and championship events. Read the full story on iGB North America. Online operator DraftKings has become the first official sportsbook and daily fantasy partner of mixed martial arts (MMA) organization, the Professional Fighters League (PFL). Live DraftKings odds will also be integrated into each PFL broadcast across ESPN networks and streaming platforms, as well as during PFL’s pre-fight show. In September 2020, ESPN agreed a deal with DraftKings to promote its Daily Fantasy Sports products. DraftKings becomes official partner of Professional Fighters League Email Addresslast_img read more

First Aluminium Nigeria (FIRSTA.ng) 2012 Annual Report

first_imgFirst Aluminium Nigeria (FIRSTA.ng) listed on the Nigerian Stock Exchange under the Mining sector has released it’s 2012 annual report.For more information about First Aluminium Nigeria (FIRSTA.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the First Aluminium Nigeria (FIRSTA.ng) company page on AfricanFinancials.Document: First Aluminium Nigeria (FIRSTA.ng)  2012 annual report.Company ProfileFirst Aluminium Nigeria Plc manufactures and sells a range of aluminium products in Nigeria including aluminium coils and sheets and laminate, aluminum and seamless tubes. The company sells on its finished products to the secondary aluminum and packaging industries. The Manufacturing division produces collapsible aluminium tubes, plastic laminate and seamless tubes for the toothpaste, cosmetic, pharmaceutical and engineering sectors. First Aluminum Nigeria Plc also manufactures a range of continuous sheet painting products sold under the Colortek brand name; and supplies roofing sheets and executes roofing projects. It purchases and sells its aluminium products, building components and accessory items through its subsidiary company, Aluminium City Limited. Founded in 1960 and formerly known as First Aluminium Company (Nigeria) Limited, the company changed its name to First Aluminium Nigeria Plc in 1992. The company is a subsidiary of Alucon Holdings SA. Its head office is in Lagos, Nigeria. First Aluminium Nigeria Plc is listed on the Nigerian Stock Exchangelast_img read more

Have tech stocks been the real winners of the Covid-19 pandemic?

first_img I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Enter Your Email Address Sabuhi Gard has no position in any share mentioned. The Motley Fool UK has no position in any share mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Our 6 ‘Best Buys Now’ Shares Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Tech stocks like Tesla in the US and Zoom have seen a 300% rise and 270% rise respectively in their share price, vastly outpacing the growth in any of their UK counterparts like Games Workshop and IQE. Shares in Games Workshop have risen 131% and IQE’s shares have risen 164% during the Covid-19 pandemic year.It is no surprise that these tech stocks have performed well over the past year, if we consider what they have been doing. Tesla, for example, produced over 500,000 vehicles in 2020 and finished off its sixth consecutive profitable quarter.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…If we turn to Zoom next, it is not hard to see why this US video-conferencing company has been so successful over the past year. So many people globally have made the switch from face-to-face to online – from working, to teaching to socialising. Zoom’s revenues for 2020 reflected this demand, which rose 88% from 2019 to $622.7 million.You could say these tech stocks have been the real winners of the Covid-19 pandemic, but are they over-valued and a little over-priced to add to my portfolio? I might exhibit a little caution.Anyway, if these tech stocks are the winners, who have been the losers over the past year? There have been some howlers!Travel and leisure stocks have not fared well over the past year due to Covid-19 and several UK national lockdowns.IAG, which owns British Airways, Iberia and Vueling, saw its shares fall 66% since March 2020. In February of this year, IAG announced it had lost approximately €7bn as a result of Covid-19 due to the limits on international travel. Even while running during 2020, most flights were limited to 20% capacity.Another travel firm hit by the Covid-19 pandemic is Norwegian Cruise Line whose shares have fallen 41% over the past year. In May 2020, it faced a liquidity crisis but was subsequently bailed out by “different investment sources”. The final death knell came from the US Centre for Disease Control and Prevention which stated that it doesn’t expect cruises to restart before June 2021.Overall, it would be fair to say that there have been real winners – tech stocks – and real losers over the past year depending on what sector you look at. The big question is whether the demand for the services offered by these tech companies will continue post-Covid-19? If so, I might add these techs stocks to my portfolio for the long term. As for the other stocks in the travel, leisure, hospitality and retail sectors the only way is up (right?) once lockdown measures ease. Image source: Getty Images center_img Simply click below to discover how you can take advantage of this. Have tech stocks been the real winners of the Covid-19 pandemic? Sabuhi Gard | Thursday, 25th March, 2021 “This Stock Could Be Like Buying Amazon in 1997” I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. See all posts by Sabuhi Gardlast_img read more

Six Nations Team of the Weekend: Round Four

first_imgLATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS 9. Ben Youngs (England)On the break: Youngs excelled at Twickenham against Wales (Getty Images)A performance that showed he can still perform at the highest level. He has received a lot of criticism in the past but on Saturday his box-kicking was accurate as was his passing. He proved a menace around the breakdown too.10. Dan Biggar (Wales) Six Nations Team of the Weekend: Round FourRound Four of the Six Nations has been and gone and it was peculiar to say the least. In the men’s tournament Ireland’s contest with Italy was postponed as was the same fixture in the women’s tournament. Scotland’s match against France was also postponed in the women’s event.Bearing that in mind who do you think made it into Sam Tremlett’s team of the weekend and what do you think of his selections?1. Rory Sutherland (Scotland)Charged: Sutherland attempts to charge down Anthony Bouthier’s kick (Getty Images)Sutherland continued his good form in Round Four as he played a huge part in the success of the scrum against the French. He was also effective in defence.2. Jamie George (England)Fronting Up: George gets ready for contact (Getty Images)Excellent accuracy at the line out and industrious around the pitch as ever.3. Zander Fagerson (Scotland)Fingertips: Fagerson just manages to haul down Antoine Dupont (Getty Images)Like Sutherland above, Fagerson also played a key role in the, at times, dominant Scottish scrum.4. Maro Itoje (England)Incredible Form: Itoje continues to excel in the England pack (Getty Images)Once again it was impossible to overlook Itoje who was at it rampaging, disruptive, excellent best in Round Four.5. Poppy Cleall (England Women) George Ford dictated things nicely for England but Biggar did everything at a high-level despite the lack of good front-foot ball he was given.11. Anthony Watson (England) Watson revealed his excellent footwork to score a nice move in the opening five minutes against Wales. He largely looked as if he had never been away.12. Owen Farrell (England)Slotting Home: Farrell kicked well with the boot (Getty Images)A couple of moments of ill-discipline but Farrell plays with such emotion and physicality this is to be expected. Led the side to victory well and was polished with the boot.13. Manu Tuilagi (England)Destructive: Tuilagi was excellent until his red card moment (Getty Images)Yes he got sent-off and rightly so, but it had little bearing on the overall result as Tuilagi had done all his damage earlier on in the match. The influence he has on England’s attack cannot be overstated.14. Sean Maitland (Scotland) The penultimate week of Six Nations rugby is done and dusted. Now check out Sam Tremlett’s team of the weekend for Round Four 8. Tom Curry (England)Big Hitter: Curry loves the contact (Getty Images)Curry has been a relentless ball of energy in the 2020 tournament and that continued on Saturday. A tackling machine (he made 21) and a player who goes into contact with such speed and ferocity. Expand Six Nations Table 2021 Collapse 2021 Six Nations Injuries Update 2021 Six Nations Injuries Update Expandcenter_img Six Nations Table 2021 Mark Wilson was once again ridiculously good making over 20 tackles but we have gone for Tipuric because of his two tries, one of which is a strong candidate for try of the tournament as you can see above. Leadership: Hogg guided the team to victory (Getty Images)His best performance of the tournament so far, Hogg played key roles in both of Maitland’s tries and was excellent with the boot and under the high-ball.Don’t forget to follow Rugby World on Facebook, Twitter and Instagram. Grant Gilchrist and George Kruis both performed well over the weekend but Cleall was a monster against Wales scoring a hat-trick of tries.6. Jamie Ritchie (Scotland)Antagonistic: Ritchie got under the frustrated skin of the French (Getty Images)Ritchie may not be the biggest flanker on the planet but he is one of the best at getting under the opponents skin and disrupting attacking ball. He showed this well against France as he ultimately caused Mohamed Haouas to lose his cool.7. Justin Tipuric (Wales) What Trophies Do You Get For Winning A Grand Slam? Who is leading the way in the Six… Round Four: Hogg is one of 15 in the team of the weekend. Who else makes it? (Getty Images) What Trophies Do You Get For Winning A Grand Slam? Wales won a Grand Slam last year, but… Two expertly taken tries means Maitland makes the team of the weekend for the first time in 2020.15. Stuart Hogg (Scotland) All the latest news on players injured throughout…last_img read more

Macmillan to raise funds from Rupert the Bear badges

first_imgMacmillan to raise funds from Rupert the Bear badges Howard Lake | 29 August 2004 | News  60 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis The pin badge campaign coincides with Macmillan’s largest fundraising event, the World’s Biggest Coffee Morning on 24th September 2004. Tagged with: Promotional Tradingcenter_img AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Macmillan Cancer Relief has joined forces with The Big Badge Company and Express Newspaper Group to launch Rupert the Bear character badges to raise funds.The four pin badges represent Rupert and his friends. They will initially be available exclusively through all 2,300 Barclays and Woolwich branches from 14 September 2004 for five weeks for a suggested donation of £1. The campaign aims to raise £100,000 for Macmillan.The Big Badge Company has worked with Macmillan on previous badge campaigns and was involved in securing the licensing rights from the Express Newspaper Group. It is supplying its marketing and sales services at no cost to Macmillan CancerRelief. Advertisement About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more

4 Arrested in Connection With 2 Separate Carjackings of Marijuana Delivery Drivers in Pasadena

first_img Top of the News Community News © OpenStreetMap contributorsPolice on Friday announced the arrests of two men and two women in connection with the armed carjacking of two marijuana delivery vans during similar incidents in Pasadena last month.The crimes took place on Jan. 15 and Jan. 28, according to Pasadena police officials. In both cases, the stolen vans were found abandoned near the Rose Bowl, stripped of the money and marijuana they had previously contained.“Criminal Intelligence Unit detectives commenced their investigation, following up on leads, which ultimately resulted in the identity of four suspects responsible for these crimes,” police said in a written statement.Daniel Cervantes, 24, of Pasadena was arrested on Feb. 8 in Anaheim in connection with a “similar incident” in that city, according to Pasadena police. He has since been charged with two counts of carjacking and two counts of robbery.Investigators arrested Terry Wayne Wilson, 25, of Altadena on Feb. 18, according to police and Los Angeles County booking records. He has since been charged with two counts of carjacking and two counts of robbery.Justine Anne Holguin, 22, of Anaheim was arrested on Feb. 19 and also faces two carjacking charges and two robbery charges, according to police and booking records.Thania Ruby Martinez, 23, of Palmdale, was taken into custody on Jan. 28, according to police and records.  She has since been charged with one count of carjacking.The Jan. 15 robbery unfolded just before 10 p.m. in the 500 block of Del Monte Street, Pasadena police Lt. Anthony Burgess said at the time.After making a delivery and returning to his van, two men approached, one of them carrying a handgun, according to the lieutenant. The carjackers ordered the victim out of the van before speeding away in it. No injuries were reported.A GPS tracker soon led police to find the freshly stolen delivery van abandoned near the Rose Bowl, Burgess said. An undetermined amount of marijuana and cash had been stolen.Another driver from the same company was carjacked in a similar manner shortly before 10 p.m. on Jan. 15 in a neighborhood near Washington Park, Burgess said.Again, two men with a handgun demanded the van at gunpoint, strippedit of money and marijuana and ditched it near the Rose Bowl.“Detectives are continuing with their investigative efforts to determine if there are any additional incidents,” according to the police statement.Cervantes and Wilson were both being held without bail pending legal proceedings, according to Orange County and L.A. County booking records.Holguin was released from custody after posting $350,000 bail, records show. Bail for Martinez was set at $150,000.Anyone with information was urged to contact the Pasadena Police Department at (626) 744-4241. Tips may also be submitted anonymously to L.A. Regional Crime Stoppers at (800) 222-8477.Related:Marijuana Delivery Driver Carjacked in Pasadena, 2nd Such Incident in 2 WeeksMarijuana Delivery Driver Carjacked, Robbed in Pasadena CITY NEWS SERVICE/STAFF REPORT Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Community News STAFF REPORT Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy STAFF REPORT First Heatwave Expected Next Week faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPasadena Public WorksPasadena Water and PowerPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Name (required)  Mail (required) (not be published)  Website  Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m.center_img Business News Make a comment Subscribe Public Safety 4 Arrested in Connection With 2 Separate Carjackings of Marijuana Delivery Drivers in Pasadena Suspects may also be linked to similar crimes in other cities, police say By BRIAN DAY Published on Friday, February 26, 2021 | 5:37 pm Herbeauty7 Most Startling Movie Moments We Didn’t Realize Were InsensitiveHerbeautyHerbeautyHerbeautyShort On Time? 10-Minute Workouts Are Just What You NeedHerbeautyHerbeautyHerbeautyWant To Seriously Cut On Sugar? You Need To Know A Few TricksHerbeautyHerbeautyHerbeauty6 Strong Female TV Characters Who Deserve To Have A SpinoffHerbeautyHerbeautyHerbeauty7 Reasons Why The Lost Kilos Are Regained AgainHerbeautyHerbeautyHerbeautyNutritional Strategies To Ease AnxietyHerbeautyHerbeauty EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS 12 recommended0 commentsShareShareTweetSharePin it Your email address will not be published. Required fields are marked * More Cool Stufflast_img read more

Derry wins in Ulster in Bloom

first_img 365 additional cases of Covid-19 in Republic Derry City has picked up a number of awards in the Ulster in Bloom Competition, including first in the City Category. Foyle Street Bus Station and the Garden of Reflection also took prizes.The judges praised Derry’s well maintained open spaces and beautiful plant and floral presentations throughout the city.Mayor Hilary McClintock praised council staff, saying their work is important in presenting the city and district as a welcoming place to visitors and they help communities develop a sense of civic pride.That’s been echoed by the council’s Grounds Maintenance and Cemeteries Manager Danny Mc Cartney…Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2016/09/derrybloom.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. WhatsApp Derry wins in Ulster in Bloom RELATED ARTICLESMORE FROM AUTHOR Google+ Previous articleHarps lose 1-0 to LongfordNext articleDerry men face sentencing following crime spree admin Twitter Gardai continue to investigate Kilmacrennan fire By admin – September 17, 2016 Main Evening News, Sport and Obituaries Tuesday May 25th Facebookcenter_img Pinterest WhatsApp Google+ Further drop in people receiving PUP in Donegal Facebook Twitter 75 positive cases of Covid confirmed in North Homepage BannerNews Pinterest Man arrested on suspicion of drugs and criminal property offences in Derry last_img read more

Major waterfront sale portends growth in Ithaca’s West End

first_imgITHACA, N.Y. — One of the waterfront’s higher profile properties changed hands last week as part of a multi-million deal, one that could result in further development in the increasingly-popular West End. Brian Crandall reports on housing and development for the Ithaca Voice. He can be reached at [email protected] More by Brian Crandall “I care about what’s in the best interest of the community, the Just Be Cause Center (a privately-subsidized not-for-profit office venue established in honor of Dietz’s late wife Judy) is nearby…many people have commented over the years on the waterfront’s development and what’s ended up down there; it’s been less than inspiring. Historically speaking, Ithaca hasn’t down a good job with its waterfront area. Things are changing; the zoning, the Cayuga Medical project, Guthrie, Greenstar…the West End is, I think, it’s taken some time, but it’s finally going to get the attention it deserves. It’s a beautiful part of the city.” Image courtesy of Historic Ithaca As for what might be done with the space, Dietz did something of a rarity; he offered specific ideas instead of the usual vague, optimistic generalities. In sum, the plan is a blend of keeping the old, historic portions and adding some new additions to the space, though Dietz prefaced by noting it would be over a period of years and not anything to happen right away. “The Aeroplane Factory itself is an old, historic building that played a role in building airplanes back in the day, we like that and have no plans to change it. The Hangar Building has a great tenant so we see no change there, and there is some potential for 902 Taber St. on the west end of the parcel. We have some thoughts on what that might be, but everyone has a lease and we want to wait for that to finish out. There’s also space for a new building, with a 9,000 square-foot footprint, that leaves some intriguing possibilities. A small house used to be on the lot, 900 Taber St., but it was torn down a number of years ago, and that site has modest possibilities. More intriguing is the larger space on the Brindley Street property and the space for a new building. We’re giving some thought on what that might look like. In a perfect world, it would be a combination of affordable housing, market-rate, and some office space.” Tagged: 902 taber street, aeroplane factory, gregor brous, Jerry Dietz, Real Estate Sales, robert sparks, West End Brian Crandall Early marketing materials showed a perspective drawing of a fourth building, representing an additional building site on the property that could be used as an infill development by a potential buyer. Those plans, which suggested office or live/work space, were speculative and not something that had undergone municipal review. Since hitting the market four years ago, the city approved updates to its waterfront zoning that expanded the possibility of residential uses on site. According to Dietz, this was one of the things that drew their interest in the West End properties. “There’s already some fun stuff going on down there with The Cherry and the Ports of New York, and there’s potential to create a very interesting neighborhood. Over the next 5-10 years, I think the area will take on a very different complexion. One man’s vision, I guess,” Dietz said with a laugh. Ithaca’s long-neglected West End has seen a surge of new interest in the past few years, thanks to growth limitations in other parts of the city (Downtown’s mostly built out, sparse opportunities in established neighborhoods), and revised policies such as the more flexible zoning. Dietz said he has high hopes for the revitalization of the West End. “We don’t plan to change much of what’s there but to enhance it. We like the location a lot. We think that area is going to start to come on as a very interesting and a mixed residential and industrial area, and in conjunction with what the city has zoned with regard to zoning, that makes it an intriguing parcel for us,” said Dietz. “It’s something I’ve had my sights on for several years, the parcel’s been on the market for a while, it was priced with an eye towards its potential, and it just took a little while for the potential to catch up with the pricing.” Related: Tommy’s Centennial: Ithaca will witness historic flight The three-building collection consists of the 6,976 square-foot Aeroplane Factory Building at 120 Brindley St., the 5,740 square-foot Hangar Building at 140 Brindley Street, and the 6,163 square-foot 902 Taber Street. The 2.38-acre property had been on the market for the past few years, with an initial asking price of $2.79 million, that was later trimmed to $2.7 million. The Aeroplane Factory takes its name from the Thomas-Morse Aeroplane Factory, which once had its headquarters and manufacturing facility at 120 Brindley St. During World War I, the Thomas-Morse S-4 Scout, also called the “Tommy”, was the Army and Navy’s preferred plane for training combat pilots. The $1.1 million sale of 902 Taber St. closed on Jan. 17, and the next day the $1.4 million deed was filed for 120-40 Brindley Street, the address for the Aeroplane Factory office and industrial complex. The buyers were local businessman and Collegetown Bagels owner Gregor Brous, electrician Robert Sparks of Sparks Electric, and Jerry Dietz, who runs CSP Management, an Ithaca-based property management firm.last_img read more