Results tagged “deal”

The Bloomberg administration will spend $95.7 million in taxpayer money to purchase 6.9 acres of land in the Coney Island amusement district from millionaire developer Joe Sitt. The deal, which will be officially announced tomorrow, marks the end of a long stalemate between the city and Sitt, who is widely reviled in Coney Island for buying up property, evicting longtime tenants, and letting prime real estate remain vacate as way of essentially blackmailing the city into meeting his demands. Sitt had originally proposed a $1.5 billion Las Vegas style resort, with condos and shopping, but the Bloomberg administration had plans of their own.

       

Yesterday, federal agents arrested dozens of individuals, many of them NJ politicians and lawmakers as well as prominent religious figures in NJ and NY, in a probe that began as a money laundering investigation but then turned into a political corruption bust as well. The Star-Ledger reports, "The bribes went down in diners, living rooms and parking lots. New Jersey Assemblymen took them, mayors took them, and so did dozens of others. Orthodox rabbis, acting more like crime bosses than religious leaders, laundered millions through synagogues and yeshivas in Deal, one of the state's wealthiest towns. And a Realtor tried to sell an informant a black market kidney for $160,000."

This week the Times's Frank Bruni piles on Shang, a restaurant in the Thompson LES Hotel helmed by the acclaimed, formerly Toronto-based chef Susur Lee, whose first mistake is making Bruni exercise: "The staircase was the first befuddlement and miscalculation I encountered — and a clue that the evening and restaurant might not be all I’d hope for. It’s a long, drab, foreboding rise of steps from the sidewalk to the host station, an entrance less inviting than aerobic. I’ve gone on runs that didn’t leave me as winded." As for the menu, some dishes are "intensely pleasurable," but overall it's "inconsistent and uneventful. The magic that Mr. Lee reputedly made in Toronto hasn’t followed him here."

In March, Starbucks CEO Howard Schultz will wipe the flop sweat off his brow and try to forestall doom by jumping on the value-meal bandwagon. He's is also firing back at a billboard put up by McDonald's in Seattle which reads, "Four bucks is dumb," referring to Starbucks's reputation as the home of the $4 cup of coffee. Baristas will now be doing double duty as brewers of corporate propaganda, instructed to inform customers that the average price of a Starbucks beverage is less than $3, and that 90% of Starbucks drinks cost under $4.

After a weekend of negotiations, the MTA and developer the Related Companies have agreed to delay closing on the Hudson Yards deal, according to the NY Times: "As a result, Related will not have to make a $43.5 million down payment immediately, although the company will have to pay a nonrefundable $10 million for the delay, according to two executives who have been briefed on the agreement."

The Super Bowl is this Sunday, who cares? Oh right, millions of people. Okay then, we aim to please, so for those in need of a place to enjoy the big corporate diversion in a public setting with food and booze, here are some appealing options. (And if watching men in tights wrestle each other to the ground isn't your thing, it's always a great day to go skiing or snowboarding. There's also the Astor Center's "taste-experience" class exploring what a Japanese scientist named Kikunae Ikeda called the fifth taste, or "umami.")

The NY Times reports that since a federal magistrate decided not to revoke financial scammer Bernard Madoff's bail—in spite of suspicious actions like mailing $1 million+ in jewelry out and those millions in checks for friends, family and others—"signs emerged that his lawyer was actively negotiating a plea agreement that could conclude the baffling fraud case without a trial." Well, of course, can you imagine Madoff going through a trial? Still, the U.S. Attorney's office is planning on appealing the ruling. Palm Beach social scene observer Laurence Leamer writes in the Huffington Post, "Madoff must live the rest of his life knowing that at any moment he may die" what with the unhappy Russians and Colombian drug lords; Clusterstock adds, "it's a testament to the strength of our civilization that Madoff is still alive. We wouldn't be surprised, however, if there are people preparing to test that strength at this very moment."

The Post reports that the city will removed 724 Snapple vending machines "from all municipal buildings." It was five years ago when the city announced its big Snapple deal, claiming it was worth $126 million but later revised that number to $33 million. The Post now says the deal had yielded "only 26 percent of anticipated sales...nearly one year before the deal ends." One city worker at the Municipal Building said, "I could probably count on one hand the number of times I've seen somebody at that machine in the years it's been there... Mostly because there's a kiosk downstairs that has other things besides drinks, or people go out and get their lunch and drinks outside." Still, the city's marketing arm is upbeat, at least the to Post, "The Snapple partnership was an excellent one for the city. The partnership and process were completely transparent and the vending portion was always scheduled to end in April 2009. We would absolutely do the deal again, and are very pleased with how this worked out."

The CEO of Swich, John Gargiulo, has hipped us to a serious lunch special tomorrow at his sleek and tasty pressed sandwich shop on Eighth Avenue between 15th & 16th. All their "Swiches" and "Deconstructeds" will be sold for $.67 cents to commemorate the anniversary of the stock market crash of 1929. Gargiulo writes: "It's a crappy time for everyone out there and we thought we'd cheer NYC up! I personally would take a train for a .67 cent sandwich and I imagine many Gothamist readers would too (wait, I am a Gothamist reader). We're doing it from 11 a.m. to 1 p.m. tomorrow (Wednesday) and it is sure to be a madhouse (it is between 12-1 already!)" So to beat the madhouse you'll probably want to start lining up tonight—an inconsequential sacrifice for delicious, steeply discounted panini.

Besides the sickening amount of mass-produced prole candy available this time of year, there's also an abundance of higher grade Halloween eating and drinking options. And so it begins; the long, downward holiday flab spiral that reaches its nadir around the first week of January when you have to start leaving the top button of your pants undone. Oh well, no use fighting it; here are some consumption opportunities we've been able to scare up:
• Through the weekend, the 2008 Vendy award-winning Treats Truck will be featuring Halloween specials including Halloween sugar cookies and Candy Corn Crispy Squares. (Keep apprised of the truck's whereabouts.)
• According to their website, "the ghouls of the cheese world" will converge at Artisanal Cheese on Halloween night. Fromager Waldemar Albrecht and wine professional Candela Prol will conduct a tasting of cheeses and wines "from remote and obscure places on a night that will be hauntingly remembered." Sure it costs $85, but freaking out about your budget is part of the Halloween fun.
• Sushi Samba's Halloween specials take their cue from the outrageous, stylized contortions of Kabuki characters, hence their "Spooky Kabooki" party on Friday at their Park and 7th Street location, with a costume contest that will send the most inventively dressed diner (out of all locations) on a weekend vacation to Las Vegas. Runners-up walk with $100 gift certificates, and special menu items include the Dracula dessert: Coca cola gelee, vanilla bean ice cream, raspberry foam and finish with berry blood drops & pop rock explosions.

Citigroup may have gotten a NY judge to block Wells Fargo from taking over Wachovia on Saturday, but that was overturned by an appellate court judge yesterday! Apparently a NY judge can't issue an order from outside of NY--and the judge was in Connecticut at the time (it's like a mistake that would happen on Law & Order!). The NY Times' Dealbook tries to explain the lawsuits piling up--Citigroup is suing Well Fargo for interfering with its federally-arranged $2+ billion purchase of Wachovia, while now Wachovia is suing Citigroup claiming that their agreement is not exlusive and its can purse the $15+ billion offer from Wells Fargo. Bloomberg News reports that squabble could mean Wachovia gets split up between Citigroup and Wells.

Starting today and running through Labor Day, Starbucks will be helping customers succumbing to afternoon drowsiness with a special discount. After 2 p.m., anyone who produces a receipt from a previous Starbucks purchase that morning can buy any iced grande beverage for $2. (Drinks like their grande iced latte typically costs about $4.) The new discount is part of an aggressive attempt by the faltering coffee giant – which is closing hundreds of locations and recently posted a loss for the first time – to retain customers. But a commenter on Starbucks Gossip seems to reflect a growing consensus: “I don't know, this just all seems a little desperate to me.”

Making good on a campaign promise, State Attorney General Andrew Cuomo (pictured) has put pressure on three major Internet service providers to shut down online groups that share child pornography. Verizon, Sprint and Time Warner have each agreed to cut off access to websites and bulletin boards disseminating the illicit images, with a special emphasis on Usenet, one of the oldest computer network communications systems that uses no central server.

With JP Morgan now offering $1.2 billion for troubled Bear Stearns, it's expected the deal will close on April 8. JP Morgan needed 50% of Bear Stearns shareholder approval, and the new $10/share price would give them 45% yes votes (5% is expected from bondholders); an analyst told USA Today the revised deal "virtually guarantees a yes vote at $10 per share, vs. an almost certain no vote at $2."

As we mentioned yesterday, the writers' strike may be coming to an end. Michael Eisner leaked that we'd be hearing news of it this weekend, and the former Disney CEO was right. Today Variety reports that "the WGA has finalized its tentative agreement with the majors and will present details of the pact to members today in meetings in Los Angeles and New York."