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VOL. 7 | NO. 46 | Saturday, November 08, 2014
William J. Logue, the chief executive and president of FedEx Freight, will retire at the end of the year due to health concerns, the company announced Wednesday, Nov. 5.
On Jan. 1, Michael L. Ducker, a 40-year company veteran and current chief operating officer of FedEx Express, will replace Logue as the head of FedEx Freight, Memphis-based FedExs less-than-truckload freight transportation arm.
FedEx founder, chairman and CEO Fred Smith said Logue led FedEx Freight to significant growth, success and a leading position in the LTL sector.
He navigated some of the worst economic conditions the industry has ever seen and delivered outstanding results while positioning FedEx Freight for long-term success, Smith said in a statement. He has established himself as an all-time great leader during his 25 years at FedEx, and while we are sorry to see (Logue) retire, he has our gratitude, support and best wishes.
The Sears Crosstown redevelopment project could get an infusion of funds for energy conservation efforts.
The Center City Revenue Finance Corp., the financial arm of the Downtown Memphis Commission, is considering issuing $14.5 million in Qualified Energy Conservation Bonds on Tuesday, Nov.. 11, and the $180 million Crosstown project could claim some of those funds.
A Qualified Energy Conservation Bond is a bond that enables qualified state, tribal and local government issuers to borrow money at attractive rates to fund energy conservation projects, according to the U.S. Department of Energy.
The Crosstown team is seeking to redevelop the vacant Crosstown building, constructed in 1927, through arts, education and health care.
The Possible funds from the bond issuance would be part of the citys $15 million commitment to the project.
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Park Avenue Professional Building Sells for $1.3M
By Rick Smith, The Gazette
November 8, 2014 | 12:01 am
CEDAR RAPIDS There is a little fuss at city hall these days over how prolific local developer, the Ahmann Companies, is going to position a new office building on the former site of the Corner House Gallery, 2753 First Ave. SE.
The developer initially had planned to construct the three-story building so one of its sides, not its front, faces busy First Avenue SE. That orientation would be similar to the companys two new office buildings, which face one another and a parking lot in between them in the 1800 block of First Avenue SE.
But the city is changing its thinking. How a developer situates a new building along one of Cedar Rapidss busier streets matters more than it used to.
City Council member Scott Olson, an architect and Realtor, said this week that the city is starting to embrace a nationwide trend of planning and design that calls for new buildings to be placed close to the sidewalk on busier streets, with parking in the rear.
Such a design is thought to encourage people to walk, talk and get to know each other in both commercial and residential neighborhoods, Olson said.
The idea, he noted, is a throwback and is on display in many of Cedar Rapidss older neighborhoods where porches are in the front of houses, close to the street, garages are in the back and commercial buildings sit along sidewalks and hug the corners of blocks.
So its really going back to a design principle that happened in the past when we were more pedestrian-friendly versus car-friendly, Olson said. Were trying to encourage that type of neighborhood congeniality and pedestrian-friendly commercial development.
City Council member Monica Vernon, chairwoman of the councils Development Committee who spent a decade on the City Planning Commission in the past, has been the strongest city hall proponent of moving new buildings to the front of the property and to orient them to face the busy street.
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Local Cedar Rapids developer positions new office building
VOL. 7 | NO. 46 | Saturday, November 08, 2014
William J. Logue, the chief executive and president of FedEx Freight, will retire at the end of the year due to health concerns, the company announced Wednesday, Nov. 5.
On Jan. 1, Michael L. Ducker, a 40-year company veteran and current chief operating officer of FedEx Express, will replace Logue as the head of FedEx Freight, Memphis-based FedExs less-than-truckload freight transportation arm.
FedEx founder, chairman and CEO Fred Smith said Logue led FedEx Freight to significant growth, success and a leading position in the LTL sector.
He navigated some of the worst economic conditions the industry has ever seen and delivered outstanding results while positioning FedEx Freight for long-term success, Smith said in a statement. He has established himself as an all-time great leader during his 25 years at FedEx, and while we are sorry to see (Logue) retire, he has our gratitude, support and best wishes.
The Sears Crosstown redevelopment project could get an infusion of funds for energy conservation efforts.
The Center City Revenue Finance Corp., the financial arm of the Downtown Memphis Commission, is considering issuing $14.5 million in Qualified Energy Conservation Bonds on Tuesday, Nov.. 11, and the $180 million Crosstown project could claim some of those funds.
A Qualified Energy Conservation Bond is a bond that enables qualified state, tribal and local government issuers to borrow money at attractive rates to fund energy conservation projects, according to the U.S. Department of Energy.
The Crosstown team is seeking to redevelop the vacant Crosstown building, constructed in 1927, through arts, education and health care.
The Possible funds from the bond issuance would be part of the citys $15 million commitment to the project.
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