Wednesday, May 23, 2012

Economy , Page 2

Institutional fee revenue makes up $32.5 million of the University’s budget. The Red & Black asked multiple University and Board of Regents officials exactly for what the institutional fee paid. They said the fee paid to run the University in general and could not provide specifics. The institutional fee was meant to be only a temporary charge for students, but now the University may not be able to run without it.   FILE/the Red & Black

‘Temporary’ fee likely to stay, Officials can’t show students the money

By on April 12, 2012

The Board of Regents could decide to decrease student fees by half — but that outcome is unlikely, University officials say. The institutional fee was meant to be a temporary relief to significant educational budget cuts in 2009. But the fee has become an expected part of student charges. At an upcoming meeting in April, the Regents will decide whether [...]

Greek organizations are required to report all events where alcohol will be served to the University Greek Life Office. Events must be reported whether they are held on-campus or at an off-campus location such as downtown.  PHOTO BY WES BLANKENSHIP

Large student apartment complex coming to downtown

By on April 6, 2012

A nearly half-million square foot student living apartment complex may be coming to downtown Athens, the Athens Banner-Herald reported Friday. Landmark Properties submitted plans to build two six-story buildings with 612 total bedrooms at the corner of Thomas Street and North Avenue. The project would also include a 636-space parking deck, leasing office and three [...]

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Tate Center Post Office closing

By on March 27, 2012

University officials have announced the Tate Center Post Office will permanently close on May 31, after operating for 23 years. “The amount of postal revenue being generated at the Tate Center location has declined significantly.  Of 1,078 post office boxes at the Tate Center, only 106 are rented,” a media release states. “Based on the decline in mail revenue, [...]

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Clint Eastwood, Justin Timberlake film in Athens for the day

By on March 20, 2012

Crowds once again gathered downtown as the filming of “Trouble With the Curve” continued in Athens Monday night. Clayton Street and Washington Avenue were partially closed off as the film shot street scenes featuring Justin Timberlake.  The sidewalks were also blocked off, and were being watched by security and Athens Police to ensure that no unauthorized people came [...]

Caterpillar employees demonstrate some of the equipment that will one day be rolling off the assembly line of the Athens plant.

Caterpillar breaks ground on plant while students away

By on March 19, 2012

Photo Gallery While students were away for spring break, many probably didn’t notice the event former Athens Mayor Doc Eldridge called “the biggest news in our community since Herschel Walker came to the University of Georgia.” The official groundbreaking ceremony for the new Caterpillar manufacturing plant took place on Friday, marking what Athens Mayor Nancy Denson called “a great day for all [...]

Mayor Nancy Denson attends Friday's groundbreaking ceremony for a Caterpillar plant expected to bring 4,200 jobs and $2.3 billion to the Athens community.  JACOB DEMMITT/Staff

Time in office: Denson takes on Caterpillar, recall

By on March 19, 2012

Athens Mayor Nancy Denson waited two months and two days for the call. “Well Nancy, we got it,” she remembers Georgia Department of Economic Development Commissioner Chris Cummiskey telling her last month. “We got Caterpillar.” She sat at her desk — stacked high with budget requests, loose slips of paper and a key to the city — and took inventory of her emotions.“It’s almost like a letdown,” she said. “You work and you work and get your hopes up. Then you [...]

Barack Obama

Rumors circulate of possible Obama visit in Athens

By on March 2, 2012

Those waiting for a surprise visit from President Barack Obama after he stops in Atlanta later this month probably shouldn’t hold their breath. If he is planning on making a pit stop at the new Clarke and Oconee county Caterpillar plant, he hasn’t told city or University officials. “I have heard [the rumors] but I have not [...]

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Global Poverty project speaks to students about what they can do to help

By on March 1, 2012

Approximately 1.4 billion people suffer from extreme poverty worldwide, living on only $1.50 a day, according to a presentation from the Global Poverty Project, and they are trying to bring that number down to zero. The international advocacy group traveled to campus Wednesday as part of its “1.4 Billion Reasons” tour, encouraging students to help break the poverty [...]

Georgia is looking at many options to save HOPE, including the possibility of video gambling. C.B. Schmelter/Staff

Video gambling could save HOPE

By on March 1, 2012

Counties may have the opportunity to vote on video gambling as a way to fund the HOPE Scholarship after a resolution passed Wednesday in the Georgia House of Representatives. Representative Ron Stephens (R-Savannah) submitted his resolution to on Tuesday, which would give counties the opportunity to decide whether or not they want video gambling machines [...]

As Caterpillar — a manufacturer of industrial equipment — moves to Athens, it bring with it nearly 3,200 jobs. The construction of their Athens plant is expected to be complete in late 2013.

Caterpillar may give Athens’ economy a boost

By on February 22, 2012

Athens-Clarke and the surrounding counties should soon see a boost from one of the world’s leading manufacturers. Caterpillar, a manufacturer of industrial equipment, expects to break ground for a new plant within the next several weeks said Jim Dugan, a spokesman for the company. The project, which is planned to be completed late in 2013, [...]