Wynn Group pulls out of Freeport resort purchase

first_img Related Items:#AMResorts, #magneticmedianews, #WynnGroup Facebook Twitter Google+LinkedInPinterestWhatsApp#Bahamas, August 25, 2017 – Nassau – All guessing is unnecessary now as the Wynn Group, in an exclusive interview with the Nassau Guardian has announced that it will pull out of the Grand Bahama deal to purchase the three resort strip and is now looking to get its refundable deposit back from owners, Hutchison Whompoa.Wynn is still not saying why they have opted out of the purchase though and are not revealing what was in the agreement, described as a bullet point letter of intent with the PLP Administration in May.    What was said is that while Wynn will work with  any of the resorts to see the revival of the Lucayan Strip, they prefer the #AMResorts which is the largest tour operator in the United States.AMResorts accounts for 20% of bookings within the Caribbean and Mexico and currently has no footprint in The Bahamas.    #WynnGroup, CEO, Paul Wynn shared much in that interview including that they are still interest in Grand Bahama if the Government was interested in revisiting their idea of what must happen on the troubled tourist strip.The Wynn Group is moving onto other business in Nassau; a hotel to come for Goodman’s Bay called, the Kimpton Hotel.#MagneticMediaNews Facebook Twitter Google+LinkedInPinterestWhatsApplast_img read more

Rices Kinder Institute identifies challenges facing Rice Village

first_imgShareDavid [email protected] [email protected]’s Kinder Institute identifies challenges facing Rice VillageNew study finds parking, management, infrastructure are most pressing problems HOUSTON – (Sept. 1, 2015) – Although many patrons of Rice Village might say that parking is a persistent problem in the popular shopping area, a new report from Rice University’s Kinder Institute for Urban Research finds that Rice Village actually has ample parking, but more can be done to improve the use of available spaces.Rice Village.Parking was just one of the challenges identified in the report, “Rice Village: Parking, Management and the Built Environment.” The study also identified an overall lack of district-level management and an unwelcoming pedestrian infrastructure as issues that prevent Rice Village from becoming a “more successful economic and social hub.”The report is the first product of the Kinder Institute’s Vital Communities initiative, part of the Urban Development, Transportation and Placemaking Program, which is designed to help bring meaningful planning, design, management and infrastructural improvements to metropolitan neighborhoods.“The report highlights the roots of several key issues facing the Rice Village area and presents a set of potential solutions for stakeholders to consider,” said Kyle Shelton, a postdoctoral fellow at the Kinder Institute and author of the report. “Parking is just one small piece of the puzzle. To tackle these issue comprehensively and for the long haul, stakeholders must also think about how to better advocate for the district and maintain its built environment.”The report offers the following observations and suggestions with regard to parking, management and infrastructure.ParkingEven at times of peak demand, Rice Village has at least 1,000 parking spaces that are unused. Shelton said Rice Village’s parking currently includes individually managed private lots and dedicated spaces, little-used private garages that are not available for public parking and employee parking in on-street spaces and in business lots.Shelton said problems include a lack of clarity about which parking spaces are paid and which are free, lack of signage to streamline parking in desired areas and a poor pedestrian environment that discourages people from taking advantage of available parking farther from their destination.“The perceived parking problem lies not in the amount of parking, but rather in the availability of parking that already exists and the management of the parking supply so that it can effectively meet the demand,” he said.Shelton said that the most comprehensive solution to the parking situation would be to permit the city of Houston’s Parking Management Division to operate all public and private parking spaces and lots, price those spaces according to demand and create a parking-benefits district. However, he noted that smaller steps, such as parking meters and contracted employee parking in private lots and garages, could also be undertaken.ManagementShelton said the lack of comprehensive parking management in Rice Village highlights a, deeper problem: the lack of management in the district generally. Cohesive management of the Rice Village area’s upkeep, signage and built environment by a dedicated entity would greatly benefit the area, he said. He laid out several special-district options for Rice Village in the report.“Our research indicates that the combination of a municipal management district and parking benefit district represents a feasible and productive option for the Village,” Shelton said.InfrastructureShelton noted in the report that much of Rice Village’s infrastructure is in disrepair.“The streets and sidewalks in the Village are in need of maintenance, and it’s not the most welcoming pedestrian and biking environment,” Shelton said. “In addition to heavy automobile traffic, there’s a lack of public and communal spaces, well-marked and controlled crosswalks and bike racks and lanes, and there are very few tree-lined streets beyond Morningside Drive.”He suggested that special district or management entity funds could be used to address this issue.“Pedestrian, bicycle and roadway improvements would help make Rice Village a more welcoming and useable space,” he said. “These improvements also can be a part of addressing parking problems by encouraging users to come to Rice Village by other modes of transportation or to park once and visit several destinations.”Shelton noted that other Houston developments — such as Bagby Street and Discovery Green — offer examples of what might be pursued in the Village.The study was conducted in April and consisted of seven hourly counts across a Wednesday, Friday and Saturday. The count times were selected to represent both high- and low-usage periods. Researchers went out during each of these times and checked the status of every parking space in Rice Village. The count included nearly every private and public lot, garage and on-street parking spot in the district. The only garage left out of the study was the Hanover Building’s residential garage, as it is fully restricted to residents and unlikely to be made available for nonresidential parking.Shelton hopes the study will spark conversation among area stakeholders about what options exist for improving the Rice Village area and how they might go about pursuing these options.“For its part, the Kinder Institute is looking forward to being a part of those conversations,” Shelton said.A full copy of the study is available at http://kinder.rice.edu/dtp.-30-For more information, contact Amy McCaig, senior media relations specialist at Rice, at 713-348-6777 or [email protected] news release can be found online at http://news.rice.edu/.Follow Rice News and Media Relations via Twitter @RiceUNews.Related materials:Kinder Institute for Urban Research: http://kinder.rice.edu/Urban Development, Transportation and Placemaking at Rice’s Kinder Institute: http://kinder.rice.edu/dtp/Photo link: http://news.rice.edu/files/2015/08/img_0504__1200_px_width.jpgPhoto credit: Rice UniversityLocated on a 300-acre forested campus in Houston, Rice University is consistently ranked among the nation’s top 20 universities by U.S. News & World Report. Rice has highly respected schools of Architecture, Business, Continuing Studies, Engineering, Humanities, Music, Natural Sciences and Social Sciences and is home to the Baker Institute for Public Policy. With 3,920 undergraduates and 2,567 graduate students, Rice’s undergraduate student-to-faculty ratio is 6.3-to-1. Its residential college system builds close-knit communities and lifelong friendships, just one reason why Rice has been ranked No. 1 for best quality of life multiple times by the Princeton Review and No. 2 for “best value” among private universities by Kiplinger’s Personal Finance. To read “What they’re saying about Rice,” go here.If you do not wish to receive news releases from Rice University, reply to this email and write “unsubscribe” in the subject line. Office of News and Media Relations – MS 300, Rice University, 6100 Main St., Houston, TX 77005 AddThislast_img read more