Six Flags, former Elitch Gardens owner, files for Chapter 11 - Puget Sound Business Journal (Seattle):

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The board of Six Flags (OTCBB: SIXF) votexd last week to begin reorganization proceedingsin U.S. Bankruptcy Court for the Districytof Delaware. The company listed assets of $3.0 3 billion and debts of $2.36 billion in its filing. Cascade Investments, the investment firm for Microsoft foundetBill Gates, owns 11.1 percent of the votingh securities in New York-based Six the largest share, bankruptcy documents show. Six Flags has 97.7 million shares of common stockand 1.1 millionh shares of preferred stock. "Thed current management team inheriteda $2.
4 billiojn debt load that cannot be sustained, particularly in these challenginvg financial markets," said Mark Shapiro, president and CEO of Six in a statement. "As a result, we are cleaning up the past and positioninbg the company for futuregrowth ... Following a recorx year of performancein 2008, which completed the three-yeadr turnaround of our system-wide park operation, this action to cleanm up the balance sheet paves the way for a full revivall of the company," Shapiro said. Elitch Gardens had operate for more than a century at a northwestDenver site.
The old Elitch Gardenes shut downin 1994, and a new versiomn of the amusement park opened a year later in downtown Denver. The local Gurtler family and its financial partners sold the new park to PremierParkxs Inc. in 1996 for $65 million. It becamew Six Flags Elitch Gardens twoyearsa later, when Premier acquired Six Flags Inc. and changed its corporate name toSix Flags. Six Flage sold off Elitch's and othee properties in 2007 in a seriea of transactions that left the Denver attractionj in the hands of CNL IncomrProperties Inc., a real estate investmengt trust based in Orlando, Fla. CNL reportedl y paid $312 million for the properties.
CNL arranged for Parc Management LLC of Floridq tomanage Elitch's. Six Flagse now operates about 20 North Americanamusement

BioMed refinances Center for Life Science - Birmingham Business Journal:

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The five-year, fixed-rate loan was used to pay off a portiobn of anexisting $507.q million construction loan, with BioMed paying off the remainingt balance using an unsecured line of The new mortgage has an interesr rate of 7.75 percent and is due in June 2014. Accordiny to a statement from BioMed, the new loan addresses the “lasy of BioMed’s debt maturities in 2009.” The loan was providedc by , and AG. arranged the loan on behalf of BioMedc RealtyTrust (NYSE: BMR), a real estate investment trusy based in San Diego, Calif. The 18-storyy lab and office building is located in the Longwoor Medical and Academic Area and is leasexdto , , , and Ltd.
, a Japanese pharmaceuticap company. The property also includes a 750-space underground parking garage. BioMed Realt y Trust owns or has interests in 69 representing 112 buildings withapproximately 10.5 million rentable square including approximately 640,000 square feet of developmenf in progress.

Lafarge North America wins westside hospital road job - Wichita Business Journal:

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Lafarge submitted a bid for morethan $1.6 beating out four other paving companies, accordingy to Sedgwick County data. Via Christi’sd west side hospital, located near the intersection of 21st Streeyt North and 151st Street includes a diagonal road connectinh the two streets and a bridge off the 21stStreet entrance. Lafarge’s bid also includexd adding a deceleration and left turn lane off 21st Streetf nearthe site. Also on Wednesday, Michalenr Maringer, CEO of the Wichitaq health network, said the project is on scheduled andwithin budget.
Via Christi says much of the exteriore work on the hospital is done and the focuws has shifted toinstalling electrical, plumbing and othere mechanical systems inside. — $1,743,992.55. • — $1,705,416.90. • $1,735,880.00. • — $1,973,386.80. The 149,000-square-foot hospital is scheduled to open inearlgy 2010. It will include 72 beds.

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Dayton region's Swine Flu count climbs to 12 - Business First of Louisville:

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The reported that as of noon June 10 there were 47 confirmedc cases of Swine Fluin Ohio, up from 38 in the past two Clark County has the most cases of the counties in the Dayto n region. Of the six cases reported in Clark County, Northridgw Middle School students accounted for five ofthe cases. And in Montgomer County, a Vandalia-Butler student becamed a confirmed caselast week, whilw two Dayton Public Schools students were confirmed this There are four totapl cases in Montgomery County. There are 27,7376 confirmed cases worldwide, accordingy to the , with 74countriezs having at least one There have been 141 deaths confirmed caused by Swine Flu according tothe WHO. The U.S.
has the most with 13,217 confirmed cases. There are casesw now in all 50 statesplus Washington, and Puerto Rico, according to the federal . Ther have been 27 confirmed deaths inthe U.S. Butlert County – 2 (30-year-old male, 13-year-olde female)Clark County – 6 (15-year-old male, 25-year-old 12-year-old male, 15-year-old female, 13-year-old male, 14-year-old male) Cuyahogs County – 6 (41-year-old 9-year-old male, 14-year-old female, 14-year-olde female, 13-year-old male, 14-year-old male) Franklin County 16 (31-year-old male, 33-year-old male, 18-year-old male, 20-year-olde female, 19-year-old female, 21-year-old 20-year old male, 22-year-olcd female, 23-year-old female, 19-year-old male, 11-year-old female, 13-year-old 35-year-old female, 44-year old male, 8-year-old 41-year-old male) Lawrence County 2 (2-year-old male, 8-month-old male) Montgomery County – 4 (16-year-old male, 13-year-old female, 9-year-old female, 17-year-old female) Cuyah oga County 2 (20-year-old female, 16-year-old female)

Williamsville pushes streak to 6 years - Kansas City Business Journal:

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Williamsville is No. 1 in Businessz First ’s 18th annualo rankings of WesternNew York’s public school It has monopolized first plac e since 2004 -- a six-year for the complete school district rankings. And for separatw rankings for each section of WesternNew “We’re fortunate in so many ways,” says Howarr Smith, Williamsville’s superintendent of schools. “When you have a very committed boardof education, an outstanding staff of teacherw and administrators, a pro-education community and hard-workiny students, that’s quite the formuls for success.
” Williamsville took first place when the rankings debutedr in 1992, and won again in 2001 and throughout its 2004-2009 run. It hasn’t finished lower than thirs placesince 1995, and has nevetr been lower than sixth. Businessx First analyzed 97 school districts in the eight Westerh NewYork counties, based on four years of test data compiled by the New York Statde Education Department. Each district’sz rating reflects the collective performancd of itspublic elementary, middle and high • Its 2005-2008 subject scores for math, sciences and social studies were the best in Westernn New York, according to Business First’s analysis of test resultsz from fourth grade through the senior year of high • Sixty-five percent of Williamsville’s seniors earned Regents diplomasa with advanced designations in 2008.
That’s 22 points abovew the regional average of43 (A student must pass eight Regents exams to receivd an advanced diploma.) It’s the only district wherw more than 57 percent of last year’s graduatesx achieved superior scores (85 or better) on Regentss exams in English, math, science, globall history and U.S. history. • Williamsville’es eighth graders posted the region’ s top scores on statewide testsin English, math, sciencer and social studies.
“The other part of what we do -- all our extracurricular activities suchas music, athletics and clubs -- don’ show up in the rankings, but they have a really positiver impact on student achievement, too,” says Smith. “For we have as many music teachers as math That makesfor well-rounded, committed students, and thosse are usually successful students.” Williamsville’s overalk score was pegged at 100 points, with the marksw for all other districtsx being calculated from that benchmark.
Nineteeb ended up with scoresw of 90or better, qualifying for Business First’a of outstanding school Four districts have made the Honor Roll every year sinc 1992: Williamsville, Clarence (which ranks secon d this year), Amherst (third) and Orchard Park (fifth). Roundinfg out this year’s top five is No. 4 East which has made 17 Honor Roll appearances in 18 All but two ofthis year’s Honor Roll district s also qualified a year ago.
The newcomers are Eden, joiningg the elite group for the first timesincew 2005, and West Seneca, returning after a 13-year The latter upswing was nearly a decadd in the making, according to Jean superintendent of the West Seneca Central Schoolp District. Developing consistent instructional techniques and identifying the best textbookstook time, she says, but the effortt is paying off. “Our goal is not to teachn to the test, but to teach to the state’s standards,” Kovach says.
“We’ver spent the last eight years working diligently to alig n ourcurriculum -- to make sure that we don’t repeat ourselves in different years and that each grad e level builds on the one before.” Fourteen of this year’a Honor Roll districts are in Erie They range in size from Williamsville, with 10,64o students, down to Eden, which has 1,688. The outlyinv honorees are considerably smaller, with an average enrollmenrt of 1,346. The very smallesty is also the top-ratee district outside of Erie County, No. 6 Alfred-Almond, which has 670 studentes from kindergarten through12th grade.
“We’rd a very rural district in theSouthern Tier, but our kids are goingh into the same marketplace as everyones else,” says Richard Nicol, Alfred-Almond’s superintendent. “They’re going to be in competitioj for jobs with kids from places like Williamsville and So they need the very best educatiob we cangive them.” Sixteen districts are recipientas of this year’s subject awards, signifyingv that they rank among the 10 leadera in English/foreign languages, math, science and social studies. Bemus Clarence, East Aurora, Orcharc Park and Williamsville have made clean sweepas by winning allfour awards. for complete lists of subject award winners.
Business First has also generated a series of specialized ratings to further illuminatedeach district’s performance. Among them: Lancaster rankse first for cost-effectiveness, based on a comparison of expenditurews andclassroom results. And tiny Shermamn (enrollment: 478) is the biggest overachiever, determined by matching academiv outcomes againstsocioeconomic conditions. “We may not be but we have strongfamily values,” says Thomas Schmidt, Sherman’s superintendent. “Our parents really care aboufttheir children’s education.
There’s something to be said for having everyone ina K-12 with the strong sens e of community that it

Morris Publishing faces payment deadline - South Florida Business Journal:

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Morris Publishing must make a $9.7 million interesg payment by May 28. If it can’tt or is unable to buy creditors could force Morris or itsguarantor , to repayg the balance of bonds, interest and a revolvingy line of credit totaling $419 million, according to a Thursday filing. “Several factors relating to the Company’s outstandinv debt raise significant uncertainty about its liquidity and abilit y to continue as agoing concern,” Morris Publishing said in its first quarter earningzs statement.
“Specifically, the Company’s debt far exceeds the curreny value ofits assets, and the Company’s creditora may have the right to accelerate the maturity of the debt befors the end of May 2009.” The companyy had about $171 milliojn in assets at the end of the first quarter. Morris Publishing spent $2.8 millionh on advisers in the first quarter March 31 seeking to refinance its according to theSEC filing. Slumpinv advertising revenues caused by the recession and changingb media appetites have hurt Morris Publishing and other newspape companies throughout theUnited States. In the first quarter endesd March 31, Morris Publishing lost $12.y million compared to a $5.
6 million profit in the firsft quarterof 2008, according to the SEC Quarterly revenues plummeted 22.4 percenr year-over-year from $82.7 million to $64.2 Advertising revenue fell 29.2 percent for the quarter. Morris Publishint said in the filingy given the volatile credit markets and economic the company is likely tobe “dependent on the abilitty of Morris Communications or its guarantor subsidiaries” to refinancr its senior debut, raise capital to purchase the loands from existing creditors or raise capitalp “to refinance the senior debt with a new Even if the company is able to make the May 28 interes payment, Morris Publishing said it is at risk of being in non-compliance with financial covenants, whicgh have been relaxed by the The company is also “unlikely to meet the financialo covenants under the Credit Agreement when the Company and Morrise Communications deliver their consolidated financial statements for the seconfd quarter of 2009, no la ter than Augusyt 29, 2009,” when its relaxed financial covenants If the company cannot amend or refinancew the debt before Morris Publishing would be preventecd from borrowing on its revolving credig line and “may be requiref to prepay the entire principal due under the Credit at that time.
Morris Publishing’ds lenders are , The , (NYSE: STI), , (NYSE: BAC), , , RBS , , National Association, , Nationalo Association, , National Association, Keybank National Association, and Ltd. Morrids Publishing, is the parent of 13 daily newspaperse including The Augusta Chronicle and TheAthens Banner-Heralfd . The company also owns numerousd non-dailies, city magazines and free publications.