Word: plan
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...Straumur Bank, CB Holding's major shareholder, is itself in the midst of restructuring after being bailed out by the Icelandic government in March. In Spain, once mighty Valencia is effectively controlled these days by local lender Bancaja, its major creditor, after hapless management and a soured stadium-development plan left the club about $725 million in debt. (See pictures of the global financial crisis...
...comment on the costs or savings achieved by the program, but noted that it was primarily funded through assets set aside for the University's defined-benefit pension plan.Harvard's financial report for fiscal year 2008 showed an apparent surplus of nearly $300 million in the University's pension-plan assets after subtracting away benefit obligations of roughly $600 million, suggesting that the University may have been able to pay for the retirement incentives without its increasing near-term costs.The Program was a key cost-cutting initiative devised by the University this past year in response to a planned...
...with four stops in Tysons along the way. The U.S. Department of Transportation agreed in March to cut a $900 million check for the rail line. But a simple park-and-ride project this is not. To help more people live closer to their jobs, the proposed land-use plan, which the county is expected to adopt in October, calls for adding as much as six times the number of existing housing units, bringing the total to 50,000. And to encourage the use of mass transit, the plan envisions a Tysons Corner where 95% of its land will...
...less car- and more people-oriented. So instead of there being stores and offices set back from the road, with parking in between, new mixed-use buildings will hug the sidewalk, with retail on the first floor to accommodate passersby. Buildings will be squeezed together, Manhattan-style. "The new plan? It's basically known as urbanism," says Fairfax County planning commissioner Walter Alcorn...
...play soccer, go to school or seek police protection? "We don't want to see it grow faster than the infrastructure to take care of it," says MCA president Rob Jackson. The task force agrees and wants the county to build a tit-for-tat system into the redevelopment plan to ensure that private development moves in lockstep with the public amenities needed to support...