Hold the building, let's see the yacht

Article Abstract:

Real estate developers in New York, NY owe over $560 million in unpaid property taxes. Rather than seize the buildings, the city plans to take over personal assets of the delinquent. However, many of the owners are protected by Chapter 11 bankruptcy.

Real estate developers, Taxation, Cases, New York, New York, New York, Property taxes, Property tax

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Three's a crowd: airport-building

Article Abstract:

Environmentalist and political pressure has led Chicago Mayor Richard Daley to abandon Lake Calumet as possible new airport site. In order to relieve overcrowding at O'Hare airport, Illinois may be forced to look to Indiana or Wisconsin alternatives.

Airports, Chicago, Illinois, Illinois, Industrial promotion

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All method, no madness: Halifax Building Society

Article Abstract:

Mortgage banker Halifax Building Society has doubled its profits since 1988 by following a cautious management strategy. The same spirit is motivating its long-rumored entry into European markets, beginning in Madrid, Spain in late 1993.

Management, Europe, Foreign investments, Savings banks, Halifax Building Society

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