The News Review:
- Signs of weakness in collector car auction market
- Greenhouse Gas Auction Revenues Can Help Cut Maryland Electric Use …
- Unfinished Elevation Chandler goes to auction
- Jets score big in online auction for seats
Signs of weakness in collector car auction market
Los Angeles Times, CA
Its most recent sale, at the Mandalay Bay hotel on the Las Vegas Strip last weekend, was ushered in with a performance by. A beach party followed.
Greenhouse Gas Auction Revenues Can Help Cut Maryland Electric Use …
Science Daily (press release)
Members of the 10-state RGGI group, including Maryland, recently conducted the nation’s first carbon emissions auction, raising nearly $40 million in revenues. State officials have begun making plans for allocating that money, with the largest portion to be devoted to efforts to increase energy efficiency. The new study concludes that:
Investing a greater share of auction revenues in programs designed to encourage more efficient consumer and commercial use of electricity will produce significantly greater benefits, keeping the state on track to meet its energy-use reduction targets. Even though prices may not go down, consumers may see some modest savings because they consume less electricity due to efficiency improvements. The overall economic impact on the state of these investments will be positive.
Related: Regis Reports First Quarter 2009 Results
Unfinished Elevation Chandler goes to auction
Bizjournals.com, NC
5 acres of land just south of the Chandler Fashion Square mall. But Cline ran out of money in 2006 and has been unable to restart it in any significant way. The land and the skeleton of a development gone bad was scheduled for auction earlier this year, but Cline’s Chapter 11 bankruptcy filing in April put the auction on hold until now. Speculation now centers on what can be salvaged. In a press release distributed Wednesday by Marcus & Millichap, the brokerage noted, “It is expected that a substantial debt discount will occur at auction on the collective property, which is approved and ready to build out with lien free title to the buyer. ”Originally, Cline estimated the project’s build-out value at more than $200 million. During the past two years, the as-is value has ranged from a low of $16 million to a high of $60 million, according to published reports.
Jets score big in online auction for seats
MSNBC
But the New York Jets delivered, becoming the first team from the American Football League to capture an AFL-NFL Championship. Today, the franchise is looking to establish another first in a different area: the online auction of personal seat licenses. Far from underdogs this time, the Jets may end up the envy of the NFL; the payoff will be far larger than the biggest Vegas wager placed almost 40 years ago on those AFL upstarts. Since the dawn of the Internet, online auctions have helped sports memorabilia merchants and buyers. In the past few months, for instance, the New York Mets have sold thousands of pairs of seats from soon-to-be-demolished Shea Stadium this way, netting hundreds of thousands of dollars. But this is the first time the medium has been utilized to set the price of PSLs through an auction of 2,000 prime seats at.