| State of the City Address: Right now, Fontana is moving forward
Ladies and gentlemen, family and friends, welcome to Fontana! And welcome to this year's Mayor's Gala. Thank you to all who make this event a tremendous success.This is my fifth opportunity to share our plans, our hopes, and our vision for the community for the coming year, and I have to be honest -- it gets tougher each year trying to one-up the prior year.We have already seen so many examples of the blessings that have come to Fontana, from the improvements to Miracle Mile like Costco, Home Depot, the Ralphs Shopping Center, and the Fontana Auto Center. And special congratulations to Rotolo Chevrolet; I know it was a tough road to get to Miracle Mile, but I believe Rotolo Chevrolet is but one of a handful of Chevrolet dealerships in the United States that has seen sales growth this past year, and we hope that continues for years to come.
Club Road hotels need to give up land for new expressway
KARACHI: The proposed Karachi Elevated Expressway (KEE) will need to acquire a 17-metre wide section on Club Road for which it will need land from the five-star hotels located there, Daily Times has learnt. Also, 11,000 trees will have to be chopped down to make way for the expressway.
A public hearing for the KEE is scheduled to take place today at 10:00 a.m. at the Environment Protection Agency (EPA) office. The CDGKs Environment Impact Assessment (EIA) report on the project lists the land that will be needed. It will have to come from the Pearl Continental Hotel (PC), the Karachi Gymkhana, and the (defunct) Metropole Hotel bottleneck in the northern section and Qasr-e-Naz and the State Guest House in the south in addition to Regent Plaza, Sea Breeze Plaza, Navy residential area and the Aisha Bawany School.
Blackstone warns investors on 'club' deals
Blackstone is warning investors in its $4bn initial public offering that large "club" deals could be "less successful" than smaller transactions because of the US private equity group's inability to control key decisions related to the companies. "Club" deals, in which private equity firms team up with one another to buy large targets, have emerged as one of the most controversial features of the global boom in leveraged buy-outs. Blackstone published details of its planned IPO on Thursday night. Several public pension funds investing in private equity groups have opposed the proliferation of these deals on the grounds that they concentrate their exposure to certain transactions and do not allow them to differentiate between rival private equity groups.
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