Monthly Archives: June 2016

Unpaid $20 Million CRDA Loan by Devco

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New Brunswick DEVCO did not clear the $1 million in principal and interest owing to Casino Reinvestment Development Authority. The company owes Casino Reinvestment Development Authority. The loan was made in 2005 is already in arrears for five years now. Missed payments are racking up to almost $7 million. It has raised eyebrows on Devco.
According to Press of Atlantic City, the company’s attorney Christopher Paladino organized for the $20 million Heldrich loan. According to the Press of Atlantic City, the attorney said that the CRDA would be cleared though it might take a couple of years to do so. Devco took the CRDA to construct a huge hotel. It has 235 rooms which have been open since 2007. It has been difficult for the hotel to attract guests and it has recorded a tenancy rate was 63.5% as at last year.

According to Paladino, the hotel is cash-stripped, so the corporation was forced to tap $776,000 from its money to fund necessary capital expenses like replacing carpets and mattresses. However, Paladino in indicated that they will keep on engaging in that project to make it healthy. The corporation took the $20 million CRDA loan to build the Heldrich, and it was part of the $107 million for financing the project. That includes $70 million in municipal bonds that should be paid with revenue generated from the hotel. Maria Prato is the spokeswoman for the Authority, and she indicated that they are optimistic that the project will satisfy the outstanding obligations. She noted that the loan was secured.

About Devco

Devco is tasked with formulating European Union Development policies that reduce poverty all over the world. It ensures sustainable development and promotes democracy through external aid. It fosters coordination between the European Union and its member states in development. Stefano Manservisi is Devco’s Director General since 16th May 2016.


West Michigan Aviation Academy Partners With Northwester Michigan University

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Dick DeVos’ West Michigan Aviation Academy (WMAA) is a charter school located at the Gerald R. Ford International Airport. It currently enroll 490 students, 9-12th grade, who have an interest in aviation, science or engineering.

DeVos, a pilot himself, is a generous philanthropist and a huge proponent of education. His dollars have made it possible for many underprivileged children to go to better schools and prepare for college. This Spring will host the first graduating class.

In a move to help students get the jump on college, WMAA is partnering with Northwestern Michigan College (NWM) to allow graduates to enter the college with 8 credits. “The agreement will definitely help student save and money,” said NWA director Aaron Cook. “We are really happy that we have a local college that can do so much to help students.”

It was recently announced that the school will be undergoing another expansion. WMAA was to be constructed in phases. I, II and III have already been completed. Phase IV will be underway in a few weeks and is slated to be completed by early 2017. The new space will have more classrooms, laboratories and a hangar.

The school’s curriculum is on par with some of the best schools in the region. Students are required to take science, engineering, advanced math and other technical courses along with the aviation courses.

DeVos says he is extremely happy with the school. Students and parents give the charter school high marks.

Students who have graduated are offered the opportunity to further their aviation career at Davenport University or Ferris State University. Both offer Bachelor degrees in business with an aviation concentration.
Find more information on Dick DeVos via LinkedIn.

Doe Deere Celebrates Being Yourself

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Doe Deere is the founder of Lime Crime, which is makeup for boys and girls, that celebrates the freedom to be yourself, unapologetically. Lime Crime is known for celebrating the freedom to be you, whomever you are. She is the founder, the CEO, and the owner of Lime Crime makeup. She was born in Russia, and she grew up in New York.

Lime Crime, the fabulous company that it is, has been around since 2008, and Doe Deere started Lime Crime because she couldn’t find makeup bright enough to match the clothes she was making and selling on Etsy. And why wouldn’t you want the brightest makeup to go with your fancy Doe Deere-sewn Etsy clothes? This question came to the fore.

In 2009, Lime Crime came out with a brand of Unicorn lipsticks, introducing very different and radical colors to the market. After that, in 2012, the Velvetines were marketed, and they led the way in the liquid-to-matte lipstick trend that is still popular today. Also, all Lime Crime products are cruelty-free, and not tested on animals.

Many of Lime Crime’s products were Vegan from the very start of the company, but now they have all been reformulated to make sure they are Vegan. Doe Deere wouldn’t have it any other way. She is the owner and CEO, and she oversees all development of products, making sure that the Unicorns, her biggest inspiration, are kept in mind.

Doe was an imaginative, creative child from the very beginning. She was always into color, and she made sure to stay fun and young-at-heart as she grew up and into her career. Makeup has always made her world more palpably fun, and she encourages everyone to pay attention to how they look. She celebrates Unicorns for being born different and being proud of it, and they defy expectations, as she says. She admires true visionary women with a great sense of style, too, of which she is clearly one.

Follow Doe Deere on Facebook and Twitter for updates.