Word: projecting
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...Across the state, the project has taken a rightful beating for its exterior. The Meadowlands location isn't scenic - it's surrounded by weedy wetlands, decrepit factories, shipping containers and railroads - and Xanadu's developers spent $2 billion on what seems like the most hideous spot on the lot. "It's basically a lot of junk," says former New Jersey Governor Brendan Byrne, for whom the basketball area at the Meadowlands was once named (it's now the Izod Center). "I drive by with friends and we're embarrassed." (See pictures of the world's longest yard sale...
...give the developers some credit for their tenaciousness. But this massive project, the most expensive shopping mall ever built in the U.S., has a more serious problem than its tacky exterior: the doors will open smack in the middle of the worst recession since the Great Depression. Malls are suffering a slow, painful death. The International Council of Shopping Centers (ICSC) has predicted that 73,000 stores will close their doors during the first half of 2009. Retail expert Burt Flickinger III, managing director of Strategic Resources Group, projects that 2,000 to 3,000 shopping malls and centers nationwide...
...sets of expensive equipment and laboratory supplies or create separate facilities, such as those at the Joslin Center. “It’s been very inhibiting,” Weir said of the federal restrictions, adding that regulations had prevented him and his colleagues from starting a project that involved injecting embryonic stem cells into animals to study how well the cells function when transplanted. Because the project could not receive federal support, he would have had to spend over $10,000 to purchase separate animal cages and other equipment—too high a price...
Massachusetts Gov. Deval L. Patrick ’78 announced on Friday that $437.9 million from President Obama’s stimulus package is targeted for state transportation projects. According to a press release on Patrick’s official Web site, approximately $153 million of that amount will be given to “shovel-ready” highway and transit projects advertised for bid within the next 120 days. Shovel-ready projects are those that already have all requisite approvals and permits in place. For Cantabrigians, this could mean a new $36 million pedestrian bridge from North Point...
...drop in the stock market and the fastest, deepest spate of job losses since 1974, Americans have a lot of data to support their sense that the country's economic house is crumbling. The last thing they want to hear is that the man charged with the reclamation project doesn't have a crew ready to start work...