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Toyota recalls Prius, hybrids over glitch in brake software
Google lowers fee for breaking phone contract
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Buffett joins with Paulson in predicting big payback
Local families get helping hand
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Man robbed at Tallmadge Avenue eatery
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Cuyahoga Falls residents come home to find burning couch on balcony
Blogs:
First Bell - On Education:
No City of Akron basketball tonight
Pets:
Pet telethon re-airs
The Heldenfiles:
Chipmunks "Squeakquel" on DVD/BD March 30
Akron Zips:
Late surge gives Zips ugly road win
Tribe Matters:
Blogmail response on Hafner
Cleveland Browns:
Stallworth's contract terminated
Balanced Ledger:
QB in Browns future: another mock draft
Kent State Sports:
KSU Notes – February 9
Cleveland Cavaliers:
NBA Power Rankings from Around the Internet
Buckeye Blogging:
Buckeyes grab 18 players on signing day
Varsity Letters:
Garfield at Buchtel basketball
All Da King's Men:
Palin At The Tea Party Convention
Blog of Mass Destruction:
Republican Pre-Conditions
Akron Law Café:
Citizens United v. F.E.C. (Part 4): Kennedy's and O'Connor's Basic Approaches to Constitutional Decisionmaking – Top Down and Bottom Up
Car Chase:
Collector Car Hobby Loses One of the Best—Jim Roll
Let's Talk Real Estate:
Decisions Decisions: Credit Cards or Your Mortgage?
Ohio Travels with Betty:
Loucile is looking for a Lake Erie getaway in June for three kids, ages 1, 3, and 5.
Sound Check:
Talk of the Town – Top entertainment picks for the weekend
HRLite House:
Track HR Research
Akron Gamer:
Makers of 'Castle Crashers' unveil 'BattleBlock Theater'
See Jane Style:
Do IT this week: Layering
By Jim Mackinnon
Beacon Journal staff writer
POSTED: 03:16 p.m. EDT, Apr 07, 2009
Goodyear executives anticipate the global tire company's headquarters will remain in Akron for a good, long time.
At a minimum, 20 to 25 years. At the upper end, 75 years remains conceivable.
As for specifically where, Goodyear expects to stay put in its current aging headquarters on East Market Street for as long as five more years.
The deep worldwide recession and related credit crunch have delayed construction of a state-of-the-art headquarters on land next to the company's tech center on Martha Avenue as part of a $900 million East Akron redevelopment project announced with great fanfare in December 2007. The initial public-private financing agreement called for Goodyear to lease its new headquarters for a minimum of 20 years, followed by options to renew in five-year increments.¶
The original game plan called for the new headquarters to be finished by the end of 2010. The floundering economy put an end to that timetable. And now the developer, facing major problems getting financing, has flip-flopped the concept to begin working on renovating the current buildings first, followed by construction of the new headquarters.
Goodyear is now working on a new, interim five-year agreement with California development company Industrial Realty Group, also called IRG, and its founder and president, Stuart Lichter.
‘‘The ultimate goal is the new headquarters and the 20-year agreement,’’ said Rob Whitehouse, Goodyear's director of corporate communications. ‘‘This five-year agreement is a temporary agreement that will keep us in the older buildings while [Lichter and public officials] work out the financing to get the new buildings built. ... By agreeing to this five-year, stop-gap measure, we're indicating how dedicated Goodyear is to this project. We want this to happen. We want Goodyear headquarters to be here.’’
And it's in that five-year stop-gap agreement, along with related complicated financial arrangements being finalized between Lichter and city and Summit County governments, where the company says there might be confusion over how long it and 3,000 employees intend to stay here.
Goodyear anticipates it will soon sell its current campus to Lichter and lease it back for five years. The deal is expected to buy Lichter time to get private financing in place to complete the rest of the project, including putting up the new global and North American headquarters complex along with a hotel and retail development across the site off Martha Avenue.
Akron and Summit County governments recently agreed to help Lichter's company, IRG, get $17.2 million in bond funding through the Summit County Port Authority to get the project started and purchase the Goodyear properties. IRG will pay back the interim public funding from income it gets from its lease with Goodyear.
Lichter said the new agreement is all but signed and executed.
‘‘We're going forward with the framework with the city and county,’’ he said.
Lichter said he continues to pursue private financing for the rest of the project, and said there are signs that credit markets are getting a little bit better.
‘‘We're working on this constantly,’’ Lichter said. ‘‘There is no choice but to work through it.’’
Whitehouse said the interim five-year lease agreement between Goodyear and IRG should provide enough time for the entire project to get financing.
‘‘The five-year agreement gives the developer enough time to start doing some work in these old buildings while at the same time continuing to work on getting the credit that he needs to build the new buildings,’’ he said.
Remaining in place will not affect how Goodyear headquarters employees and executives do their work or have an impact on such things as the NASCAR tire production facility behind the Martha Avenue tech center, he said.
The five-year contract is not finalized yet, Whitehouse said. ‘‘We in principle agreed to it.’’
Once Lichter and the various public entities agree on the contract, Goodyear will also sign, he said.
‘‘We'd like to have it as soon as possible. We'd like to have it this spring, early summer. The sooner the better,’’ Whitehouse said.
When the new building construction is finished, the 20-year lease agreement between Lichter and Goodyear will kick in, with options to renew leases afterwards five years at a time up to 75 years total, Whitehouse said.
‘‘We want the long-term deal. We want to be here,’’ he said.
Lichter earlier this year said he needed to start renovating Goodyear's existing buildings before starting to build the company's new headquarters.
Lichter plans to find new uses, including housing, for the old Goodyear buildings once they are vacated.
Jim Mackinnon can be reached at 330-996-3544 or jmackinnon@thebeaconjournal.com.
Goodyear executives anticipate the global tire company's headquarters will remain in Akron for a good, long time.
At a minimum, 20 to 25 years. At the upper end, 75 years remains conceivable.
As for specifically where, Goodyear expects to stay put in its current aging headquarters on East Market Street for as long as five more years.
The deep worldwide recession and related credit crunch have delayed construction of a state-of-the-art headquarters on land next to the company's tech center on Martha Avenue as part of a $900 million East Akron redevelopment project announced with great fanfare in December 2007. The initial public-private financing agreement called for Goodyear to lease its new headquarters for a minimum of 20 years, followed by options to renew in five-year increments.¶
The original game plan called for the new headquarters to be finished by the end of 2010. The floundering economy put an end to that timetable. And now the developer, facing major problems getting financing, has flip-flopped the concept to begin working on renovating the current buildings first, followed by construction of the new headquarters.
Goodyear is now working on a new, interim five-year agreement with California development company Industrial Realty Group, also called IRG, and its founder and president, Stuart Lichter.
‘‘The ultimate goal is the new headquarters and the 20-year agreement,’’ said Rob Whitehouse, Goodyear's director of corporate communications. ‘‘This five-year agreement is a temporary agreement that will keep us in the older buildings while [Lichter and public officials] work out the financing to get the new buildings built. ... By agreeing to this five-year, stop-gap measure, we're indicating how dedicated Goodyear is to this project. We want this to happen. We want Goodyear headquarters to be here.’’
And it's in that five-year stop-gap agreement, along with related complicated financial arrangements being finalized between Lichter and city and Summit County governments, where the company says there might be confusion over how long it and 3,000 employees intend to stay here.
Goodyear anticipates it will soon sell its current campus to Lichter and lease it back for five years. The deal is expected to buy Lichter time to get private financing in place to complete the rest of the project, including putting up the new global and North American headquarters complex along with a hotel and retail development across the site off Martha Avenue.
Akron and Summit County governments recently agreed to help Lichter's company, IRG, get $17.2 million in bond funding through the Summit County Port Authority to get the project started and purchase the Goodyear properties. IRG will pay back the interim public funding from income it gets from its lease with Goodyear.
Lichter said the new agreement is all but signed and executed.
‘‘We're going forward with the framework with the city and county,’’ he said.
Lichter said he continues to pursue private financing for the rest of the project, and said there are signs that credit markets are getting a little bit better.
‘‘We're working on this constantly,’’ Lichter said. ‘‘There is no choice but to work through it.’’
Whitehouse said the interim five-year lease agreement between Goodyear and IRG should provide enough time for the entire project to get financing.
‘‘The five-year agreement gives the developer enough time to start doing some work in these old buildings while at the same time continuing to work on getting the credit that he needs to build the new buildings,’’ he said.
Remaining in place will not affect how Goodyear headquarters employees and executives do their work or have an impact on such things as the NASCAR tire production facility behind the Martha Avenue tech center, he said.
The five-year contract is not finalized yet, Whitehouse said. ‘‘We in principle agreed to it.’’
Once Lichter and the various public entities agree on the contract, Goodyear will also sign, he said.
‘‘We'd like to have it as soon as possible. We'd like to have it this spring, early summer. The sooner the better,’’ Whitehouse said.
When the new building construction is finished, the 20-year lease agreement between Lichter and Goodyear will kick in, with options to renew leases afterwards five years at a time up to 75 years total, Whitehouse said.
‘‘We want the long-term deal. We want to be here,’’ he said.
Lichter earlier this year said he needed to start renovating Goodyear's existing buildings before starting to build the company's new headquarters.
Lichter plans to find new uses, including housing, for the old Goodyear buildings once they are vacated.
Jim Mackinnon can be reached at 330-996-3544 or jmackinnon@thebeaconjournal.com.
GoodYear. WHAT A MISNOMER. . . .
Where does the Firestone project Stand?
T-minus three minutes until the Akron Haters come on this board and slam Goodyear. The same ones who get giddy when crime takes place so they can use it for propaganda purposes.
Am I the only one who grew up in a Goodyear family and wants the a hometown company to do well? It sure feels like sometimes.
The_Original_Jason - TO ME - GOODYEAR I S AKRON
GoodYear helped put Akron on the Map..it has a long tradition in the development of this city..my family and many others settled roots in this area
because of GoodYear..Glad to see this Akron icon is staying.
I have nothing outwardly negative to say about Goodyear, except that I believe they'll eventually be acquired by an overseas competitor.
Akron and Greater Cleveland in general have serious problems with regard to regional demographics and skills and educational levels...and of course the blue collar entitlement culture and legacy of class hatred. Until a way is found to get rid of these issues or at least neutralize them, the long term economic prognosis for the region will not improve. That's why my wife and I left for Texas in 1995.
Original Jason- I remember in the 80's, Goldsmith attempted to take over, and this community put it all behind Goodyear. Goodyear was so appreciative, they named a blimp Spirit of Akron! This town loves, and appreciates Goodyear...
Thank you Goodyear for making a long-term commitment to Akron!!!
I'm w/ ya, Jason. To often the company that built Akron is criticized, to no fault of its own.
For those of us invested in the success of the area, good news from Goodyear is good news for Akron. I'm glad the company is making it clear to the public how the construction project is progressing -- great community relations in a town full of often ungrateful people.
Given the overall economy and the credit market problems, Goodyear had no choice but to stay....
I'm with you The_Original_Jason. Goodyear is Akron and I think this is great news and will read nothing else into but, that. I also tire of coming here and seeing negative posting about everything going in Akron. Or taking bad news and trying to make it worse then it already is. All cities have the assorted warts and Akron does not have the corner on any of them. Akron despite it's ills is far better town in many ways then the one I left years ago. There are many great things going on in Akron today I thought I'd never see back in 1983 when I moved away. The only thing real bad IMO, are some of the negative nellies that post on the ABJ blogs.
Jabarten, I'd argue that as a leader in the rubber industry, Akron is the best place for them, and given the choice, they'd stay no matter what. No other place in the world has the collection of people with knowledge and skills needed to succeed in the rubber industry.
I'm all for them to stay in Akron but what an empty BS promise.
When I see them sign a contract that charges them, say $1 billion, payable on demand, if they move before 20 years, THEN I'll believe it.
It's all just talk folks...
@rootvg
Hope the door didn't hit you on the way out.
Wow. Texas! What an improvement! sarcasm>
Everything starts with talk. Then goes from there.
Most normal people get that concept. U dont start with such ridiculous things as a billion dollar retainer.
This type of a Multi Million dollar deal takes time.
This stuff doesnt happen in a millisecond like some people think it should.
The Talk could be about moving to a place with better tax benefits. OR better weather benefits.
SOme people are glad they are Just talking and planning to keep their company HQ here.
Instead of moving it to some were Like Oklahoma or arkansas were the headquarters of thier tire distribution warehouses are located.
...but they haven't signed on the bottom line, so GY is not committed yet?
Akron Night, is that you fatboy, Marco? Good name, I here you are nocturnal. Man, I hear you been traveling with Don, China,Israel, and Europe. Did the Feds take your passport yet?
They will!
Hey Rootvg,
How Long were you in Bushville, Texas before you smarted up and left for Danville, on the Left coast of Kalifornia? Be careful now, you never know when you might run into a working person who thinks he's owed a living by greedy industrialists.
Why would Goodyear leave Akron? That is the question that I asked both Plusquellic and Goodyear president Keegan numerous times. I never received a reply . . . . until today when the answer in effect was coaxed out of Bob Whitehouse, Goodyear director of corporate communications by reporter Jim Mackinnon.
BUT HERE IS A MORE SIGNIFICANT QUESTION.
Why does Plusquellic continue to take credit for saving jobs in Akron (by bribing Goodyear with a new office building . . . . . and throwing poor people out of their homes to do it) when, as Whitehouse said, Goodyear has no intention to leave Akron
You see, it's just another phony blurb by Plusquellic. He isn't doing anything but taking tax money paid by the citizens to run the city and spending it for a new building for Goodyear.
LET'S GET RID OF PLUSQUELLIC . . . . . and be happy that Goodyear is not leaving.
Sincerely
rmk, akron
Thank you Jason for your honesty about Akron. Im not hating Akron. This is an All American city. We need business to thrive here as I work and pay taxes here just like you do. (hand raised) We also want honest representation. I wish the best for Goodyear.
Good Day Sir.
A promise is nothing but something to break and remeber that down the road.Goodrich,Firestone where all bought out From foreign companys.They do not promise any thing! Gone Gone when they do.
Great news! They've decided to keep .0002% of their workforce in Akron! This will surely turn Akron around in no time 'flat'.
Jason, it is time to take your meds!
Goodyear refuses to say that they will comply with realities demand they market the cost of every employees living including health care and pension in the wholesale and retail price of their product and service!
Why all this bashing of PLUSQUELLIC?..I know many
people who say he's the best Mayor Akron has ever Had..through his efforts and vision has transformed
and help save this city from complete ruin when many others just caved in and moved away to let it rot..it'd pretty hard to polish a terd but he hasn't given up trying..he seems to always get re-elected too...that has to say something that he's doing right for the majority of it's people.
have you been to Youngstown Lately? that could of happen to Akron...i'm just saying..His trips to places like China and the like are for one purpose to 'Sell Akron!! and what she has to offer for new business's'..to help generate investments..to bring in fresh money..which creates jobs!!..jobs create income..income create's revenue which benifit's not just the city but EVERYONE!!
Goodyear is a fun place to eat and take the kids!
Akron should change its name to Rodneydangerfield. It gets no respect especially from some of you whiners who never lived anywhere else. You think it's cool to badmouth Akron and Goodyear. Get a life! Akron remains a great town. Hey, it's a free country. If you don't like the Rubber City, move to Cleveland. The grass is always greener...
Hey Fatboy Marco...I thought crime was good business for you, since you in the funeral home business and all?
OMG, your kidding! You mean they'll stay?! Wow, I mean who'd think a company would stay just because the mayor and governor were giving them a pile of cash. Meanwhile, the police are understaffed, the roads delapidated, and the mayor vacations internationally at taxpayer expense with nothing to show for it. Has anyone calculated how many years they would need to saty for the payroll taxes to pay back the investment? Projections of revenue from increased business in the area is bu!!5hit. Suburbanites will gas up close to home where they won't be robbed. Few if any will wander off the corporate campus for lunch. They will return to the suburbs to shop, and eat dinner. It's not like we're in LA or NY folks. Akron is 62 square miles with no major hotels, no upscale restuarant chains, and no upscale crime free areas to congregate. The intelligent Akronite LEAVES Akron to spend his or her entertainment dollars. Personally I feel like I can stop looking over my shoulder once I leave the city, and rarely even remember the gun I'm carrying until I return.
Hmmmm, another reminder that the deal with Goodyear, the unsigned one, continues to change.
The only thing unchanged, is the flow of taxpayer money toward the project.
Goodyear is doing what it can to stay competitive. They are committed to staying in the area--isn't that a good thing? Plusquellic deserves some credit for doing what the city can to make sure that Goodyear's needs are met. We can't afford to lose any more jobs, and losing Goodyear would be a huge blow. You'd better believe they are doing everything they can (including government handouts) in Mississippi, for example, to lure jobs into their area.
Beta, Can you say Bass Pro? I think Akron should stay out of China and Goodyear's business.
Goodyear is a billion dollar corporation and Akron taxpayer's are struggling. This may be a novel idea, but Goodyear with all due respect, find a way to build your own building and let the taxpayers find a way to feed their families, clothe them and send their kids to college.
Thank you for your consideration.
The best Mayor Akron ever had was Leo Berg in the 50/60's, he still holds two records no Akron Mayor will ever break. Don has done a great job for Akron, but the rubber companies (including Bridgestone) stay in the NE Ohio area because of the long term knowledge of the industry, not necessarily because Akron is a paradise..........
McDonald,
Don't be mad because I call out your lies, give you a chance to rebut and you decline. Your personal attacks on me are comical. If you had an ounce of credibility, I might care. But......
From The High Calling:
"There's an old story about two families moving to Plainsville on the same day. Both families met with a real estate agent who knew properties and people.
The father of the first family asked the agent what the town was like. The agent said, "What kind of town did you come from?" The father replied, "Lousy place. We couldn't wait to leave." The agent said, "Plainsville's no good either."
The father of the second family said, "We loved our last home." The agent said," You're gonna love Plainsville, and you'll hate to leave it, too.""
What are we really talking about here? Maybe three thousand jobs?
Goodyear employs about 70,000 people and manufactures its products in more than 60 facilities in 26 countries around the world.
I got news for ya Goodyear left akron behind a longtime ago.
Just like O'Malley said the Dodgers would never leave Brooklyn.
Leo Berg was indeed the man. Honest, open, integral.
But manufacturing didn't leave under his watch. And the drug culture-gone-wild which is fueling out-of-control crime hardly existed.
So, we need criminals-in-office to counter the criminals-in-the boardrooms & on-the-street?
I grew up in a goodyear fam. I love goodyear( its one of the feew things we have to brag about).
BUT, the thing that they are not telling you, is the money that was put up, was taken from the block grants. that means, no money to improve the areas it was intended for (ask Lakemore) they lost over 30 million dollers for improvements (some of them health related) they count too... That money went to the goodyear project. And why is council person Crawford, who is double dipping, involved in this? She works for the county, and the city. Isnt there a law against this? Im all for the Mayor fighting to get us ahead. and I like the fact that goodyear is staying. But at what cost? This money was ment to fix blighted areas in and around Akron. What do we do now?
Belts,
Jobs don't exist in a vacuum. Ask the local restaurants, stores, shoe shiners, barber shops, etc, etc how they feel about the loss of these jobs.
Again, if you are against employment, move to Y-Town or Cleveland.
Well, we've got this goin for us...which is nice.
Do people really believe we will still be using rubber tires in 75 years?
i guess rubber tires are the heigth in technological advancement and the combustible engine is here forever...get real, people...if America hasn't developed a method of transportation in 20-75 years that leaves traditional driving and gasoline as fuel behind, Goodyear won't be around anyway, because only the wealthy will be driving and they'll have tires in their vaults instead of worthless dollars.
Thanks for your touching story about plainsville Jason. Very heartfelt, as the glass is definately half full in Akron. Our leadership supports that kind of mentality also. Im very optimistic about the bright future ahead for Akron as well. Im just having difficulties viewing the All American city with the same rose colered glasses as you. Im wondering who I am supposed to hold accountable if I cant question our Mayor? And again why cant I question our mayor? You must be on the payroll to be defending him with life and limb as you so feverishly do. Cant wait to be schooled with your infinate pearls of wisdom on this. good day sir.
They lied, they all lied...,
I've already said numerous times that I don't work in the public sector and don't know Don or any other Akron politician. Maybe I'd be less cool to your "movement" (power grab) if I heard ONE of you offer any idea as to what you would do better that was rooted in any sort of reality. Running a city, state or country takes a person who can make tough decisions, not be a reactionary populist. If you want to criticize his handling on police matters, I might even listen to some of that. But to criticize economic development deals is foolish because the alternative is much worse. In your mentality, you'd rather tax 100% of 20 instead of 50% of 100. Newsflash, the schools still lose as business leaves the area, regardless of whether you offer incentives or not.
You all are really good at whining, moaning and complaining, yet never include the alternative in your second sentence. That makes you worthless, and not part of a solution. Is that good enough of a pearl for you? Grow up and step up to the plate with something of value. Otherwise, stop wasting my time. Go repeat the same exact thoughts to each other at your recall meetings because those are the only people who care.
@McDonald - As y'all know, I've said time and again, that personally, I wouldn't want Goodyear to leave.
With that said, The deal as presented, isn't in the best interest of the taxpayers, the city or the county. It represents a status quo, nuthin' more. And all for $100 million of Akron tax dollars.
The only folks that truely benefit from this deal is Goodyear, it's local employees, and the politicians. The taxpayers only benefit is the status quo. No new jobs, and the loss of $100 million for the priviledge.
@ Jason - I know this will be lost on y'all, but the solution offered is to get the city all hero out, and get sum-buddy in there that has the taxpayers interests better in mind.
What part of that solution didn't y'all understand??
Followin' along with the status quo, is neither original in thinkin', nor a reason for not changin' anythin'
Do try to keep up.
@ Jason
If questioning the mayor puts me in support of the recall than so be it. I now realize thanks to your wisdom that its all or nothing with you. Your solution is to do nothing because nothings wrong. Great ideaology! You failed to answer why Im not allowed to question our mayor? Whining, moaning, and complaining? about what? You seem to generalize me into some category. You even called me wothless, and not part of the solution. But you are? Im posing merely questions of character. I can handle the truth sir and Im not always correct, but to call me worthless is definatly being grown up? I would love to step up to the plate, can I use the mayors credit card?
Worthless(wothless)
You guys are the ones saying that something is wrong, so that's why the burden is on you to tell us how you would do better. So, outside of change for the sake of change, what would you do differently? OK, also other than have the new mayor personally pay the $75 for his passport and not black out all 16 credit digits of city credit card accounts?
Tell us how you attract new jobs to the area. Tell us how you solve crime other than throwing lots of money at it (unless you're willing to pay accordingly). Tell us anything other than "Don must go."
Beta,
I don't respond to posts that contain more than ten apostrophes. I thought only kids write how they talk?
Jason thinks that there has to be a conniver (Plusquellic) at the controls in order to accomplish anything. Of course, Jason is wrong, especially when you think of all the people who have had their homes, their property, their business taken from them . . . . . by the conniver.
rmk, akron
There is no reason to believe union workers, consumers, taxpayers, and America's grandchildren can pay for all stimulus packages, pay for the more stock dividends (money) Goodyear stockholders (money marketers) market quarterly in the wholesale and retail price of Goodyear product and service. That gets only product and service. With money derived from wages or independent business profit and afford life!
Where can I buy a General tire?
Part of the solution could be new leadership, more police, accountability, and somebody who has our (taxpayers) interest in mind. I dont pretend to have all the answers nor do I think a recall will stop the next mayor from having these same challenges. I will continue to question his camp because as a taxpayer he works for me. This isnt a political witch hunt, nor is it a personal one. To me it comes down to being accountable. I like both sides of this, as you make some valid points. Closemindedness does no good. Im simply trying to get to the truth. If the mayor has done nothing wrong than he should have nothing to worry about. God is the ultimate judge of character as I will leave that up to him. We all must face judgement sooner or later. I will be the first to admit Im wrong as Im sure you would too.(hand raised?) My point is that I will question our future mayors as I think thats our right as taxpayers. I live, work, and raise my kids in this city and have my hope and faith in our leaders. We cant forget that these public officials work for us and they deserve to be evaluated on their jobs just as I am. If they cant handle the scrutiny they shoulnt have taken the job. The difference is that neither you and I work in the pulic sector.
