|
City of Beverly Hills Monitors Status of 9900 Wilshire Project |
For Immediate Release October 15, 2008
Contact: Cheryl Burnett
(310) 285-2454
City of Beverly Hills Monitors Status of 9900 Wilshire Project
Beverly Hills, CA – The City of Beverly Hills continues to follow the status of the 9900 Wilshire development project, with City executives expressing concerns about financing and emphasizing the process required for project re-submittals. The 9900 Wilshire project has come under scrutiny, following speculation regarding the project’s viability.
“There are a lot of unanswered questions right now about the financing of this project,” said Scott Miller, Chief Financial Officer for the City of Beverly Hills. “In an uncertain economy, new realities are impacting the status of projects. The original funding for this project relied on complex economic models, multiple equity sources and financial institutions that have been guaranteed by other banks as part of a bail-out for a country that was on the verge of bankruptcy,” he continued.
The 9900 Wilshire project was originally approved as a residential condominium and retail mixed-use project on the eight-acre site of the vacant Robinsons-May building in Beverly Hills. The original project was approved by the Beverly Hills City Council on April 9, 2008. Eight public hearings were held at the City’s Planning Commission before it was reviewed by the City Council.
|
|
Read more...
|
|
|
Beverly Hills City Offices To Have Limited Hours on Monday October 13th |
For Immediate Release
October 7, 2008
Contact: Cheryl Burnett
(310) 285-2454
Beverly Hills City Offices To Have Limited Hours on Monday, October 13th
Beverly Hills, CA – Despite an City Hall and other City of Beverly Hills offices will be closed from 7:30 a.m. to 2:00 p.m. on Monday, October 13th, for an annual all-employee training day. For the past three years this training day has been held to focus on innovations in customer service to enhance how the City serves its residents and businesses in the community. City offices will re-open at 2:00 p.m. and close at 5:30 p.m. on Monday.
Police, Fire and Public Works essential services will continue normal operations on October 13th. Classes and programs at Roxbury, Coldwater Canyon and La Cienega parks will also take place as scheduled.
Visitors to the Civic Center area on October 13th should enter the Civic Center parking structure from Civic Center Drive.
Unrelated to the City’s employee training day, the Library will be closed all day on October 13th and 14th to relocate their collections to new locations throughout the Library to better serve patrons.
|
|
Read more...
|
|
|
City of Beverly Hills Treasurer Eliot Finkel on the impact of the current financial situation |
For Immediate Release
October 2, 2008
Contact: Cheryl Burnett
(310) 285-2454
City of Beverly Hills Treasurer Eliot Finkel on the impact of the current financial situation on City operations:
“In a time of great financial uncertainty, people are concerned about paying their bills, keeping their jobs and protecting their life-savings. It is the same for cities and government agencies across the country, which are feeling the strain of the financial crisis. The City of Beverly Hills is fortunate to be operating normally, due in part to a conservative investment policy which places safety first, liquidity second and rate of return third. In fact, Beverly Hills is one of 80 cities nationwide and one of only three cities in California to receive a AAA bond rating from all three major credit agencies. While all cities must be prudent in managing their operations, this recognition of Beverly Hills’ economic health relieves some of the pressure and ambiguity many other cities are facing.”
### |
|
Read more...
|
|
|
|
<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>
|
| Results 5 - 8 of 68 |
