By J.R. Manning
January 10, 2019
Forbes Magazine and other sources (links below) are reporting the iconic Chrysler Building is up for sale. The Abu Dhabi Investment Council is putting up their 90% share of ownership. The asking price is unknown. The New York
Times reports that the council paid $800 million for their 90% stake in 2008. Will it bring a profit? No one is sure.
The building does not own the land beneath it and rental costs of land
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By J.R. Manning
January 5, 2019
The Toledo
Chronicle and Tama
News-Herald reported on January 5, 2019 that the Lincoln Savings Bank donated $3,000 to the City of Tama toward the fund drive to restore the Tama Lincoln Highway Bridge. The fund is now over the $12,000 goal for local contributions to the restoration fund. Grants and funding from the city will pay for the engineering and restoration of the bridge.
Link: Lincoln Highway Bridge restoration fund tops goal.
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By J.R. Manning
January 3, 2019
The DeKalb (Illinois)
Daily Chronicle is reporting that the 90 year old Egyptian Theater is moving ahead with plans for a $4.5 Million renovation. Plans call for air conditioning and expansion of rest room facilities. (Links below.)
The air conditioning is to help preserve the historic structure and encourage more use of the theater year round. The proposed units are high efficiency but are comparable in size to a school bus. The installation will be on the roof to preserve the historic appearance of the façade but will also require some changes to the roof structure to accommodate the weight.
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