How does spending nearly $150,000 to feed cocaine to monkeys stimulate the economy? Senator John McCain would argue that it doesn’t — it’s just one of several ways to waste taxpayer dollars via President Obama’s stimulus program.McCain, along with Oklahoma Senator Tom Coburn, unveiled their study of the stimulus program…
One of the Valley’s most prominent entrepreneurial businesses, Terri’s Consign and Design Furnishings, has filed for Chapter 7 bankruptcy after years of complaints that it wasn’t paying its consignment customers…
The snazziest apartment complex in the Valley, Grigio Tempe Town Lake, has filed for bankruptcy and is seeking an emergency court ruling that will keep residents’ services online. An attorney working for Grigio’s developer, Susan Freeman of Lewis and Roca, says she’s confident the bankruptcy judge will approve continued payments for the many services…
The Centerpoint towers at 6th Street and Maple in Tempe are going back up for sale, this time listed by realtor CB Richard Ellis. The history of the five-acre property and towers, and their financial collapse, were covered extensively in our October 15 edition. Earlier this month, ML Manager LLC, bought…
Got a few million bucks to blow? If so, you can try your luck on a couple of unfinished condominium towers in Tempe. The Centerpoint towers and the five acres of land beneath them at Sixth Street and Maple Avenue are scheduled to be up for open auction starting Thursday. Typically, such auctions put the…
In the most recent blow to Maricopa County’s reputation throughout the country, the latest jobs report is out, and it ain’t pretty for the Valley.Among the county’s other embarrassing, um, problems — law enforcement and prosecutorial, mainly — Maricopa County is now the No. 2 county in the country for net job…
National unemployment numbers for the month of December are in, and they aren’t pretty for Arizona.The numbers from the U.S. Bureau of Labor Statistics find that Hispanics and construction workers were the hardest hit by the sluggish economy, and in case you hadn’t noticed, Arizona happens to have both a…
Bashas’ announced the locations today of all 14 stores it plans on closing by October 10. The family-owned chain filed for bankruptcy last month, but vows to stay afloat as a company and even improve its remaining 130 stores. As the Arizona Republic reported last week, the company is using bankruptcy…
