Foreclosure of C-ville hotel project?
Recent court filings show that the hotel’s owner, CNet co-founder Halsey Minor, is worried about foreclosure, a move he says will doom the project. “The Project was to be my legacy in my hometown of Charlottesville,” Minor wrote in a filing as part of his ongoing lawsuit against the hotel’s developer and bank. “In my opinion, if the property I purchased for the Project is foreclosed on, the hotel will never be built.”
Smoking ban’s choice is Catch-22, some bars say (Virginian-Pilot)
Restaurants and bars have a choice under Virginia’s new smoking law: Go smoke-free by Dec. 1 or set up a room for smokers that is walled off and separately ventilated. Most restaurant and bar operators interviewed recently said that they would ban smoking by December.
How (and Why) Athletes Go Broke (Sports Illustrated)
A must-read. Fascinating and incredibly well reported. Recession or no recession, many NFL, NBA and Major League Baseball players have a penchant for losing most or all of their money. It doesn’t matter how much they make. And the ways they blow it are strikingly similar
More Young People Lining Up for Government Jobs (Washington Post)
Career Specialists Cite Growing Interest, Driven by Dismal Economy and Desire for Public Service.
RIP, MBA (Slate)
Put your ear to the ground near any business school campus, and you will hear the sound of another bubble about to pop. The MBA will soon be joining equities and house titles in the museum of formerly overvalued pieces of paper.
There’s Safety in Military Contracts (NY Times)
Although the regulatory hurdles to becoming a military vendor can be daunting and frustrating, small-business owners who persevere say it is tremendously profitable and even essential to their survival. With the United States currently in the midst of two wars and tending to a multitude of other security concerns, they say the military is a recession-proof customer that has insulated them from the current economic downturn.
Finding Your First Office (Inc.)
Some of the world’s top companies started in garages and living rooms. But as start-ups grow, they eventually need a real home to call their own. So how much office is enough? A look inside a real estate makeover.