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X-WR-CALDESC:Events for Limba
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DTSTART;TZID=America/New_York:20100507T000000
DTEND;TZID=America/New_York:20100507T000000
DTSTAMP:20100507T040000Z
CREATED:20100507T040000Z
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UID:4395-1273190400-1273190400@limba.net
SUMMARY:LIMBA May 7 Long Island Comm Real Estate Update
DESCRIPTION:  \nThis meeting featured some "players" in the Commercial real estate field. They included Jack O’Connor of Newmark Knight and Frank\, Marie Zere-Zere Real Estate Services and David Hunt-Hunt Corporate Services. Each person gave his openning remarks on the state of the economy as it relates to commercial real estate. Later we engaged in a lively conversational back and forth with the audience. \nJack O’Connor began with some illustrations of how the market in Suffolk County has deteriated in cost. The effect being that many properties were "under water" having a lower assessed value now than when the property was purchased. When asked "how significant a problem that was"\, O’Connor stated as long as revenues are sufficient to pay the mortgage it is less significant \, but at the same time the businesses are hurting and many cannot meet their mortgage commitments. He gave an example of where a building was sold a couple of years ago for $150/sq ft was now being sold for half that amount. It wasn’t clear that this trend was going to reverse itself anytime soon. \nMarie Zrere spoke next and while she was in general agreement with O’Connors remarks stated that reciting the present market conditions can lead to it becoming worse "A self fulfilling prophecy". Later in the program during Q&A she emphasized the importance of working with a broker no matter what the market conditions may be. According to Zere\, there are no savings in going it alone\, without a broker. The broker will be able to accomplish better outcomes having a more complete knowledge of the market. \nDavid Hunt\, who focuses on business in Nassau County gave us a somewhat more optimistic veiw. Nassau County properties have lost a much smaller percentage of their value than in Suffolk. Even with the high taxes in Nassau County there is still a high desire to purchase in Nassau. That really is good news for both counties. As Nassau holds its values there is a tendendency to support values in Suffolk.  \nThere was a high degree of interest in this program judging by the turn-out and the number of questions from the audience. After we adjourned there were knots of people who connected with the speakers\, and each other to continue the conversation. \nSpecial thanks to our sponsors Belfor Property Restoration Services. In  addition Tellers Chop House gave a door prize of dinner for two They  also Gave  a $24 coupon for lunch in promotion for their $24 Business  lunch program to each person attending the breakfast. Teller’s other  fine resaurants; Prime Steakhouse\, Verace & H20  \nIn the photo: Bill Miller M&T Bank\, Jack O’Connor Newmark Knight & Frank\, Marie Zere-  Zere Real Estate Services\, David Hunt- Hunt Corporate Services and Ernie Fazio\, LIMBA \n 
URL:https://limba.net/calendar/limba-may-7-long-island-comm-real-estate-update/
LOCATION:NY
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DTSTART;TZID=America/New_York:20100514T000000
DTEND;TZID=America/New_York:20100514T000000
DTSTAMP:20100514T040000Z
CREATED:20100514T040000Z
LAST-MODIFIED:20100514T040000Z
UID:4383-1273795200-1273795200@limba.net
SUMMARY:John Cameron\, Chairman. LI Regional Plan
DESCRIPTION:Today our speaker was John Cameron\, President of the Long Island Planning Council. Mr Cameron seems well suited for the position because of his understanding of how things work. He is the founder of Cameron Engineering a formidable engineering firm that was begun 25 years ago. \nJohn began by giving us a little history of the Planning Council. In the past much was planned\, but too little was done. "We don’t want another study collecting dust on a shelf". He sees the role of the Planning Council as a facilitator that can bring various groups and governing bodies together. He cited the two most obvious examples of long drawn out struggles\, those being "The Lighthouse" and the "Heartland Development" According to Cameron\, "these projects have been around so long that the market has changed". With a diminished demand the prospects of moving forward are hampered. \nHe then took on the "Third Track" on the main line of the LIRR\, which has been stalled for a long time. The second track that has been proposed for the Farmingdale line is also stalled\, but Cameron believes these will be done. "They need to be done. We just can’t add three more lanes to the Long Island Expressway" These infrastructure needs must be built by local engineering firms because they know best what works best for Long Island. \nTaxes and multiple governing bodies are among the impediments to growth on Long Island\, according to John. He stated that the level of property taxes is simply not sustainable. 70% of our taxes go to schools and 70% of that money goes to salaries and pensions. As bad as that is it is going to get worse. As far as the schools producing a quality product Mr. Cameron questioned why we have so few students that are prepared for science and engineering. \nGetting back to local government\, Cameron likes working with Steve Bellone\, Supervisor of Babylon\, "Bellone gets it". Too many of other elected officials are marking time and not ever challenging the status quo. \nThe Q&A was lively\, which is often the case at LIMBA. This audience is always polite to the speaker\, and they were today as well\, but the legitimate anger and frustration among the people asking questions was palpable
URL:https://limba.net/calendar/john-cameron-chairman-li-regional-plan/
LOCATION:NY
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BEGIN:VEVENT
DTSTART;TZID=America/New_York:20100521T000000
DTEND;TZID=America/New_York:20100521T000000
DTSTAMP:20100521T040000Z
CREATED:20100521T040000Z
LAST-MODIFIED:20100521T040000Z
UID:4406-1274400000-1274400000@limba.net
SUMMARY:Dr Hubert Keen\, Pres Farmingdale College
DESCRIPTION:Our speaker this morning was Dr Hubert Keen President of Farmingdale College. We asked him to speak to our group and tell us what challenges and opportrunities the college faces. \nAccording to Dr Keen only 32% of the school’s budget comes from state funding and that is down from 80% just a few years ago and it will continue to diminish. The upside is that the college is free to enter into partnerships with business. These partnerships create industry specific programs that provide cash for the college. \n  \nIn the past there was only a miniscule amount of charitable funding that was available to the college. Over recent years that source has grown\, and it will have to continue to grow. \n  \nPresident Keen told us that people will occassionally ask if they still teach farming at the school. That got a chuckle out of a few people in the audience because there hasn’t been a moooo heard on the campus in 30 years. There were two professors in the audience that more clearly demonstrated that the school was more rooted in current technology. One of them was conducting work in fuel cell design and innovation\, the other was in bio-science. Solar technology is another field of work that has been part of the curriculum for years and it is the largest in the state system. Professor Tawflik told us about work being done bio-gasification\, and some of the potential benefits of that work. \n  \nMisconceptions about the school include the idea that most degrees are associate degrees. That is not true. In addition the age make up of the student body has become more typical of other colleges. That is the 17 to 24 year olds\, while still having an older age group of students. Last year they enrolled 10\,000 students. \n  \nThere is a very ambitious building program under way spanning a 6 year period to the tune of $190 million. These buildings are being built to the Silver rating of the of the LEEDS building codes. As usual the Q&A was lively.
URL:https://limba.net/calendar/dr-hubert-keen-pres-farmingdale-college/
LOCATION:NY
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DTSTART;TZID=America/New_York:20100528T000000
DTEND;TZID=America/New_York:20100528T000000
DTSTAMP:20100528T040000Z
CREATED:20100528T040000Z
LAST-MODIFIED:20100528T040000Z
UID:4396-1275004800-1275004800@limba.net
SUMMARY:NO MEETING MEMORIAL DAY weekend
DESCRIPTION:
URL:https://limba.net/calendar/no-meeting-memorial-day-weekend-2/
LOCATION:NY
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