A meals information to the Thai capital

Bangkok revels in its status as a culinary mecca.

From shriveled street vendors performing alchemy with sizzling woks to genius chefs shaping the fine dining scene, the city lays claim to one of the most diverse food scenes in the world.

That’s why food is a common thread that runs through even a brief stay in the Thai capital.

Chinatown and Rattanakosin

Bangkok’s oldest enclaves include visitor highlights such as the Grand Palace and the riverside temple of Wat Pho. Other draws include neighborhoods like Chinatown and Banglamphu, both of which are rich in dining options.

For an old-fashioned start to the day, visitors can fuel up on sweetened coffee, soft-boiled eggs, and toast thickly coated in butter and sangkaya (coconut pudding made from a tropical plant called pandan). On Luke Yun.

After touring the royal sights, travelers can stop for lunch Fat bread for fried flatbread filled with spicy fillings.

Roti Mataba serves buttery, fried roti flatbread that can be stuffed, served with curry, or topped with sweetened condensed milk and sugar.

Palani Mohan | Getty Images

For a more upscale lunch there is Nusara, where Michelin-starred chef Thitid “Ton” Tassanakajohn pays tribute to his late grandmother with his interpretations of traditional Thai recipes. He said it can be challenging to please both travelers and discerning local guests, who often want different things.

“Tourists want to taste what Thai cuisine is all about — they want to taste the traditional recipes,” he said. “On the other hand, local Thai diners like to eat something that tastes familiar, but … they want something new, so it’s forcing chefs to find new ways of working with Thai ingredients and flavors.”

Snacking is a big part of Thai food culture. There’s Nai Mong, which serves Hoi Thod (oyster pancakes) near Wat Mangkon station, or Lao Tang, for tender, braised goose in the heart of Yaowarat Road, Chinatown’s main thoroughfare.

Queues form outside early in the evening Jay Fai where the Michelin-starred owner tempts foodies with dishes like pad kee mao (drunk noodles) and khai jiew poo (crab omelet).

Jay Fai is Thailand’s first street food joint to be awarded a Michelin star. In her 70s, chef and owner Supinya Junsuta covers her eyes with ski goggles to prepare her wok fried dishes in Bangkok, Thailand.

Anusak Laowilas | OnlyPhoto | Getty Images

A more sophisticated Michelin-crowned alternative in the old town is 80/20, where Canadian chef Andrew Martin reinforces the restaurant’s reputation for pioneering flair.

Highlights of its menu include “Stormy Sea,” a squid, mangosteen, and chilli dish inspired by the chef’s fishing trips in southern Thailand, and “Isaan Market,” which focuses solely on seasonal mushrooms from the country’s mountainous northeastern regions Region.

Silom and Sathorn

Nothing is buttoned down on the food scene in the business districts of Silom and Sathorn.

jok prince, near the intersection of Silom Road and Charoenkrung Road, is a stand famous for its smooth, smoky jok (Thai-style rice porridge). From there it is only a short walk Pour from Chef Yip, which serves some of the best — and cheapest — dim sum in town.

Visitors can meander east between Sathorn Road and Silom Road, stopping at the centuries-old Hindu shrine Sri Mariamman Temple and some of the area’s most well-known street vendors.

Two of them already have their specialties in their names. Som Tam Jay So, on Soi Phiphat 2 between Convent Road and Chong Nonsi Skytrain Station, is a must-try for som tam, or spicy papaya salad. Near the Shangri-La Bangkok, Baan Phadthai, meaning “House of Pad Thai,” is known for perhaps the country’s most famous dish.

Som Tam is a sweet Thai salad made with ripe papaya, long beans, lime, garlic, peanuts and sugar.

dontree_m | iStock | Getty Images

For an unforgettable upscale dinner, there is Saawaan, where Sujira “Aom” Pongmorn serves up beef salads, crab fat dips, grilled pork neck and spicy and sour soups in delicious-tasting portions.

For a break from Thai food, travelers can head to Yen Akat Road — one of the area’s trendiest thoroughfares — for beef tartare and truffle risotto Cagette Canteen & Delicatessen. For a different side of Europe, there’s the double Michelin star Suhring, a German fine dining restaurant run by twin brothers was ranked 6th in the 2021 “Asia’s 50 Best Restaurants”.

Siam and Sukhumvit

The hyper-commercial heart of Bangkok is more than just a shopper’s paradise. Breakfast here can be a healthy acai bowl or a breakfast burrito Luke in the Siri house, an elegant oasis with beautiful green grounds near the Chidlom skytrain station.

For a more formal Thai lunch there is paste – voted #38 on Asia’s 50 Best Restaurants list in 2020 – where traditional cuisine is served with creative twists.

Travelers can follow the office crowds Sanguan Sri on Witthayu Road to sample fragrant curries like gaeng kiev wan nuea (green beef curry) in this expatriate-friendly part of Bangkok.

At venues like Appia, a Roman-style trattoria, as well as The market, where a hand-chalked menu offers entrées like New Zealand mussels and Australian tenderloin.

Mango Sticky Rice is a simple yet famous Thai dessert made with sticky rice, coconut milk, ripe mangoes, and mung beans.

The Washington Post | Getty Images

Those looking to celebrate a trip to Bangkok in style can do so in the vibrant area my. The exquisite tasting menu highlights confit cod with shrimp mousseline and clams and Hokkaido scallop with apple and dill sorbet.

If there is still space, a last bite of Thai food can be taken Mae Varee, at the intersection of Sukhumvit Road and Sukhumvit 55. It is a fruit shop famous for serving the classic Thai dessert, Mango Sticky Rice. It is currently Ranked 10th out of 428 dessert places in Bangkok.

Home capital positive aspects tax higher for the tremendous wealthy than Biden plan

NICHOLAS COMB | AFP | Getty Images

The super-rich could cheer the Democrats’ proposed tax reforms on investment income versus the Biden government’s earlier plan.

The White House asked for a top tax rate of 39.6% on long-term capital gains and dividends – almost double the current 20%.

Long-term capital gains tax applies to assets such as stocks and homes that have grown in value and have been owned for at least a year; Taxpayers owe money to increase in value when they sell an asset. A dividend tax applies to profit distributions that companies make to their shareholders.

Biden’s policies would only apply to the richest Americans – the top 0.3% or those with incomes of $ 1 million or more. It would be among the highest rates for capital gains and dividends in the developed world.

But House Way and Means Committee legislation unveiled Monday would tax capital gains and dividends at a much lower top rate of 25%. The House of Representatives proposal would apply to single parents with an income of at least $ 400,000 and married couples to $ 450,000.

Put another way, Biden’s plan would have increased the highest federal tax rate for the richest Americans by 98% (compared to current law), while the House of Representatives proposal would have increased it by 25%. The House of Representatives plan would also raise taxes for a wider segment of the population.

“This change is AWESOME for the super-rich,” wrote Jeffrey Levine, an accountant and certified financial planner who serves as the chief planning officer at Buckingham Wealth Partners, in a tweet.

“But for the ‘just’ wealthy taxpayer? Not so much,” he added.

An existing Medicare surcharge of 3.8% and government taxes would come to any change in the federal rate.

Investment income

Compared to low and middle earners, the wealthy generate more income from investments than from wages.

For example, the top 0.1% who earn $ 3.4 million or more get more than half of their annual income from capital gains, dividends, and interest; a quarter comes from wages and benefits, according to a tax policy center analysis from 2019.

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For comparison: According to the analysis, wages and social benefits make up around 60 to 70% of annual income for taxpayers outside the richest 1%.

“[The House proposal] is obviously not as punitive in their view as the original proposals, “said James Hines Jr., economics professor and research director for the University of Michigan Office of Tax Policy Research, of the rich.

Of course, wealthy Americans do not cheer for any of the proposals; They would probably prefer their tax rate not to be increased at all, Hines said.

Capital gains in the event of death

The plans also differ in how they would tax inheritances that have greatly appreciated in value.

Biden’s plan would be tax the increase in the value of an asset at the death of its owner. This is to prevent the super-rich from constantly passing on stocks and other financial assets to the next generation for little or no tax.

(Capital gains less than $ 1 million for single parents and $ 2.5 million for married couples would be excluded.)

The house plan preserves the status quowho does not collect this tax on death. Applicable law also allows heirs to receive an asset at its current value, which erases the paper profit and thereby dilutes their future tax bill when they sell.

The richest families receive the largest inheritances – an average of $ 719,000 at the time of inheritance. according to to the Federal Reserve’s Survey of Consumer Finances. (The average for all Americans is $ 46,000.)

The inheritances are not necessarily due to capital gains. But a significant portion of the economic gains made by the richest Americans come from unrealized capital gains, according to the Federal Reserve. About 41% of the top 1% have an unrealized capital gain.

Of course, the final legislation could ultimately change from both House and Biden proposals as Democrats try to raise up to $ 3.5 trillion in funding for education, healthcare, childcare, climate, paid vacation, and other measures collect.

“We’re in the second or third inning now,” said Leon LaBrecque, accountant and certified financial planner with Sequoia Financial Group.

How Silvergate Capital Will Make Cash on Stablecoins and Via Its Partnership With Fb

In May, Silvergate Capital (NYSE: IF), a bank active in the cryptocurrency space, is a blockbuster partnership with. received Facebook To become the exclusive issuer of the US dollar stablecoin Diem, formerly known as Facebook’s Libra Project. In addition to becoming the exclusive issuer of the Diem, Silvergate will also manage the Diem reserve. Management has been very expressive of the potential of stablecoins. Let’s take a look at how Silvergate is positioned to grow revenue from stablecoins and its partnership with Facebook.

Monetize stablecoins

Stablecoins are digital assets that are backed by another, ideally more stable, asset like the US dollar or perhaps a commodity like gold. The goal of stablecoins is to use certain properties of digital assets, such as the possibility of simply exchanging them without a bank account. But as the name suggests, stablecoins are said to have less risk and volatility than pure cryptocurrencies like Bitcoin.

Silvergate is an ideal partner for issuing stablecoins as it has built its own internal payment system called the Silvergate Exchange Network (SEN). SEN can process transactions in US dollars in real time around the clock, 365 days a year between any two users on the network. This is great for institutional crypto traders and crypto exchanges because Cryptocurrencies act around the clock. SEN is already providing each of the four regulated US stablecoin issuers with a critical infrastructure for operations.

Image source: Getty Images.

But the U.S. dollar-diem stablecoin could be a tipping point for Silvergate as Facebook brings huge audiences with it. The social media giant has 2.8 billion users worldwide, and if it can convince a small segment of that audience to buy a small amount of Diem stablecoins, it could quickly gain a huge market share. On Silvergate’s most recent conference call, the bank’s management team said it sees many use cases for stablecoins, including consumer-to-merchant trade and cross-border payments.

Silvergate CEO Alan Lane recently outlined three ways Bank can monetize stablecoins: transaction fees for minting and burning stablecoins; Return on the reserve deposits that support the stablecoin (and which Silvergate will manage); and a new customer segment to which Silvergate can sell traditional banking services.

The reserve deposits from the stablecoins could significantly increase deposits at the bank, which are already growing extremely rapidly, and management said it needs to manage the reserve deposits “capital efficiently”. The bank also has to share some of its fees with Facebook, but it should still be a major source of income. Lane said he sees stablecoins as the next big thing for Silvergate.

An exciting time

It’s an exciting time for Silvergate. The company just had an excellent second quarter, despite the decline in Bitcoin prices and no stablecoin revenue yet. The bank is currently working on expanding the infrastructure to support the minting and burning of stablecoins. Although the timing of the project is still difficult to predict, Lane said management would be disappointed if it couldn’t roll out the pilot before the end of the year. So keep an eye on this project because it could be an important revenue driver for the bank in the not too distant future and in the long term.

This article represents the opinion of the author who may disagree with the “official” referral position of a premium advisory service from the Motley Fool. We are colorful! Questioning an investment thesis – even one of our own – helps us all think critically about investing and make decisions that will help us get smarter, happier, and richer.

AMC Leisure Holdings, Inc. Completes 11.550 Million Share At-The-Market Fairness Providing Elevating $587.four Million in Further Fairness Capital

LEAWOOD, Kan .– () – AMC Entertainment Holdings, Inc. (NYSE: AMC) (“AMC” or “the Company”) announced that it has completed its 11.550 million shares in the market (“ATM”) of its share program launched today. AMC raised approximately $ 587.4 million in new equity, before commissions and fees, at an average price of approximately $ 50.85 per share.

Commenting on the capital increase, Adam Aron, President and CEO of AMC said, “The contribution of an additional $ 587.4 million in new equity on top of the $ 658.5 million raised earlier this quarter results in a total capital increase of $ 1.246 billion in the second quarter, which is a significant strengthening and improvement in AMC’s balance sheet, which provides valuable flexibility to respond to potential challenges and seize attractive opportunities in the future. ”

About AMC Entertainment Holdings, Inc.

AMC is the largest film exhibition company in the United States, the largest in Europe, and the largest in the world with approximately 950 cinemas and 10,500 screens around the world. AMC has driven innovation in the exhibition industry through: the use of its signature electrically adjustable seats; Providing an improved selection of food and drink; Generate greater guest engagement through its loyalty and subscription programs, website and mobile apps; Offers world-class, large format experiences and plays a wide variety of content, including the latest Hollywood releases and independent programming. For more information, visit www.amctheatres.com.

Website information

This press release, along with other news about AMC, is available at www.amctheatres.com. We regularly publish information that may be important to investors in the Investor Relations section of our website. www.investor.amctheatres.com. We use this website to disclose material, nonpublic information, and to comply with our disclosure requirements under Regulation FD, and we encourage investors to periodically visit this section of our website for important information about AMC. The information contained on or accessed through our website is not incorporated by reference in this document and is not part of it. Investors interested in automatically receiving news and information when it is posted on our website can also visit www.investor.amctheatres.com to sign up for email notifications.

Additional information and where to find it

This announcement may be viewed as an advertisement in relation to the annual general meeting of shareholders (the “Annual Meeting”) of AMC Entertainment Holdings, Inc. (“AMC” or the “Company”). This announcement is not intended to be a solicitation or a solicitation of a vote or approval. In connection with the annual meeting, the company plans to file a power of attorney with the Securities and Exchange Commission (the “SEC”) and to send it to its shareholders in relation to the business to be conducted at the annual meeting other way to transmit. The Company may also file other documents with the SEC relating to the business of its annual meeting. This document is not a substitute for the proxy statement or other documents that the Company may file with the SEC.

BEFORE TAKING A VOTING DECISION, COMPANY SHAREHOLDERS ARE REQUIRED TO READ THE FULL COMPLETE, IF AVAILABLE, AS WELL AS ALL OTHER DOCUMENTS THAT THE COMPANY MAKES WITH THE SECOND ASSOCIATION OR ASSOCIATION BUSINESS CONDUCTED AT THE ANNUAL MEETING AS THEY CONTAIN IMPORTANT INFORMATION ABOUT THE BUSINESS TO BE CONDUCTED AT THE ANNUAL MEETING.

Shareholders can obtain a free copy of the power of attorney and other documents that the company files with the SEC (if available) through the SEC’s website at www.sec.gov. The company places on its investor relations website at www.investor.amctheatres.com Copies of materials it files with or makes available to the SEC.

Participant in the tender

The Company and its directors, officers and certain employees and other persons may be regarded as participants in the solicitation of proxies from the Company’s shareholders in connection with the business of the Annual Meeting. Securityholders may obtain information about the names, affiliations, and interests of the Company’s directors and officers in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020, which was filed with the SEC on March 12, 2021 (the “2021 Form 10-K”). To the extent that the holdings of the Company’s securities have changed by the Company’s directors and officers since the amounts reported on the Company’s Form 10-K 2021, such changes have been or will be reflected in the change of ownership notices filed on Form 4 with the SEC.

Forward-Looking Statements

This release contains “forward-looking statements” within the meaning of the federal securities laws. In many cases, these forward-looking statements can be identified by the use of words such as “will”, “may”, “could”, “would”, “should”, “believe”, “expect”, “expect,” “estimate”, ” intends, “indicates,” “projects,” “goals,” “goals,” “goals,” “predictions,” “plans,” “searches,” and variations of these words and similar expressions. Examples of forward-looking statements are statements we make about the impact of COVID-19, future visitor numbers and our liquidity. Any forward-looking statement only applies at the time of its publication. These forward-looking statements may include, among other things, statements about AMC’s current expectations with respect to the performance of its businesses, financial results, liquidity and capitalization, and the impact on its business and financial condition and actions taken in response thereto regarding COVID-19 -Virus and are based on information available at the time the statements are made and / or the good faith of management at the time with respect to future events and are subject to risks, trends, uncertainties and other facts that could cause actual performance or results to differ materially may differ from those expressed or suggested in the forward-looking statements. These risks, trends, uncertainties and facts include, but are not limited to, risks related to: AMC’s ability to raise additional liquidity which, if not realized, or insufficient to generate the substantial amounts of additional liquidity that is required Unless it is able to achieve a more normalized level of operating income, it would likely result in AMC seeking judicial or extrajudicial restructuring of its liabilities; the potential impact of AMC’s existing or potential rental default; the impact of the COVID-19 virus on AMC, the movie exhibition industry and the economy in general, including AMC’s response to the COVID-19 virus related to theater cessation, downsizing and other cost-cutting and maintenance measures the necessary liquidity and increase in expenses related to precautionary measures at AMC’s facilities to protect the health and well-being of AMC’s customers and employees; AMC’s significant indebtedness, including its borrowing capacity and ability to meet its financial support and other obligations; The type, timing and amount of benefits AMC receives under the CARES Act or other applicable government benefits and support; the effects of impairment; Film production and performance; AMC’s lack of control over film distributors; intense competition in the geographic areas in which AMC operates; increased use of alternative film delivery methods or other forms of entertainment; Reduction of the exclusive theatrical release window; AMC Stubs A-List does not match expected sales projections; general and international economic, political, regulatory and other risks; Restrictions on the availability of capital; AMC’s ability to refinance its debt on favorable terms; Availability of financing on favorable terms or at all; Risks related to impairment, including relating to goodwill and other intangible assets, and theater and other closure fees; and other factors discussed in AMC’s filings with the SEC. Should one or more of these risks, trends, uncertainties or facts materialize, or should any underlying assumptions prove incorrect, actual results could differ materially from those expressed or expected in the forward-looking statements contained herein. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of their publication. Forward-looking statements should not be read as a guarantee of future performance or results and are not necessarily precise statements as to the times on or when such performance or results will be achieved. For a detailed discussion of the risks, trends, and uncertainties that AMC faces, please see the “Risk Factors” section on the company’s Form 10-K 2021 filed with the SEC and the risks, trends, and uncertainties identified in its others public filings were identified. AMC does not intend or undertake any obligation to update the information contained herein to reflect future events or circumstances unless required by applicable law.

Category: Corporate News

Cash Market Vs. Capital Market: What is the Distinction?

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There are two ways to deal with wealth: keep what you have or increase it.

Which path to choose can be confusing. And lately, investors have been nervous because of Reports of rising inflation.

Where you can put your money depends on two components of the financial market: that Money market or the Capital market.

The Money market and the Capital market are two major components of the global financial market in which the funds invested are used for short-term or long-term loans and credits.

Here are the key differences between them and advice to help you navigate where to invest.

Money market overview

“The term ‘Money market“Applies to high quality short-term debt securities that mature within a year,” he says Robert Johnson, Professor of Finance at Heider College of Business at Creighton University and co-author of “Investment banking for dummies. “They are known to have a low return but are considered safe.

Pro tip

If you need money for a planned expense within a year, e.g. B. a down payment on a house, keep it in the money market.

These debt instruments include:

  • US Treasury Bills, sometimes referred to as T-bills, is a short-term US Treasury note. The public can buy a T-bill and essentially act as a lender to the US government. The Treasury Department will repay the buyer with interest on a specified due date.
  • Certificates of depositt, offered by banks and brokerage firms where you can deposit money for a period of time in order to receive interest.
  • Commercial paper, This is basically a corporate IOU. The company issues an unsecured note that it promises to repay with interest on the due date.

Capital market overview

The Capital market is a way of increasing in value over time with longer-term assets with a maturity greater than a year. This includes stocks and bonds.

Main differences: money market vs. capital market

The money market and the capital market work differently and tend to appeal to different types of investors.

The risk averse investor Worried about losing money. This investor will be more comfortable with the internet Money market because they get the money they have, even if they get a modest return on their investment.

The short term investor needs money in the short term – within a year. While this is often mentioned in relation to closeness to retirement age, there are other reasons you may need cash soon, says Riley Adams, CPA, senior financial analyst at Google and owner of the personal finance blog Young and the invested. You might be saving for a new car, house, or college. Whenever you need the money soon, your number one priority is keeping it – and giving preference to the safety of the Money market.

The risk tolerant investor understands that risk is the price you pay for the potential for great reward and seeks the potential for higher profit offered by the Capital market.

The long-term investor has a long time horizon so that you can invest in that Capital market. When stocks fall, these long-term investors can make up for losses over time.

Comparison of money market and capital market

From an investor’s point of view, “the main difference is the Money market is short-term, very safe and very fluid, ”says Adams. comparison of Money market and the Capital market Point by point can help you understand why the money brandt may be the preferred choice for a short term investment need and how it differs from a Capital market Investment like Buy stocks.

This diagram can help you conceptualize the formats, pros and cons of these two financial markets.

reference point Money market Capital market
Examples Certificates of deposit (CD), Treasury bills, commercial paper Stocks and bonds
Duration Short term (1 year or less) Long term (longer than 1 year)
Investment objective Preserve prosperity Create wealth
Risk level Low High
Degree of volatility Low High
liquidity High Low

Which is a better investment?

The best place to invest “depends on your goal and your time horizon,” says Johnson. For investors with a long time horizon, such as savings of twenty years for retirement, the Capital market is the better choice. A Large-cap index funds is a good start for these investors, recommends Johnson.

“If you need the money in a year or two, it’s best to just put it in Money market because of this volatility, ”recommends Johnson. The Money market is a lower risk. “People who are in the Money market can sleep well. There is very little volatility but very little growth, ”says Johnson.

Those in need of the money soon will be motivated to maintain wealth rather than amassing it. You wouldn’t put any money you saved on a down payment on the exchange (Capital market) because there is a chance it will fall into a correction and you will no longer be able to afford your dream home. With a Money market Investment, your down payment wouldn’t grow very much – but it wouldn’t evaporate due to market volatility so you can rest assured it’s there when you’re ready to make that offer.

Conversely, “this Capital market Investors can have some sleepless nights as the market corrects, ”said Johnson. However, despite the risk, those who invest in the Capital market can be better rewarded than the money market if they wait.

“If you’re looking for a long-term situation like retirement, you want it to be in a year Capital investment“Explains Adams. The time will come, however, when you need to move this money Capital market Investing in Money market Investments. “When you’re nearing an important buying decision that needs the money you have, you want a transition from that Capital market to the Money market because that guarantees your money is there, ”says Adams.

Since 1926 the S & P 500 – a Capital market – is up 10.3% annually, says Johnson. On average, the statistical fact that there are good and bad years is hidden. Investors with a long time horizon can generally take advantage of the banner years when stocks grow more than 10% to make up for the years when they fall below.

Enthusiastic about shopping for inventory in Meten Edtechx Schooling, AMC Leisure, NGM Biopharmaceuticals, FS KKR Capital, or Strongbridge Biopharma?

NEW YORK, May 24, 2021 / PRNewswire / – InvestorsObserver issues critical PriceWatch alerts for METX, AMC, NGM, FSKR, and SBBP.

To see how InvestorsObserver’s proprietary rating system rates these stocks, check out the InvestorsObserver’s PriceWatch alert by selecting the appropriate link.

(Note: you may need to copy this link into your browser and then press the button [ENTER] Key.)

InvestorsObserver’s PriceWatch alerts are based on our proprietary valuation method. Each stock is valued based on short term technical, long term technical and fundamental factors. Each of these ratings are then combined into an overall rating that determines a stock’s general suitability for investment.

SOURCE InvestorsObserver

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What’s going to Topeka’s Capital Enchancment Plan cash go towards?

Topeka City Council is about to vote on an infrastructure investment guide that will set spending close to $ 500 million. The Capital improvement plan 2022-2031 sets schedules for when some roads will work while estimating which road projects might be carried out in the future.

Spending suggested in the plan ranges from road works to utilities.

“If you want to do something important, you have to have a plan,” said Councilor Neil Dobler. “It doesn’t mean the letter is obeyed, but when you have a plan you know where you are going.”

What are the road construction projects?

The CIP had a bottleneck in road projects about five years after the plan began, said city administrator Brent Trout. To address this problem, the city council will be pushing some construction work.

The Topeka Boulevard project from SW 29th to 37th will be postponed until 2023. An additional $ 500,000 per year will be allocated to the Complete Streets program for mill and overlay work, including mill and overlay work on southwest Urish Road from 21st Street to 29th Street; southwest 10th Street from Wannaker to Gerald; and southwest Huntoon Street from Executive to Urish.

More:The Topeka planning commission agrees to send the downtown master plan to the city council.

Mill and overburden projects will repair roads and give them a few more years of useful life, but this type of construction is more like rehabilitation than rebuilding.

The governing body is considering funding the projects included in the plan by temporarily increasing the loan interest rate. Typically, the city borrowed $ 9 million in bonds each year with interest from some councilors to raise them to $ 11 million.

Councilor Spencer Duncan said the bond rate is low and “money is cheap”. Duncan said there is no project to focus on in the CIP, rather he wants to make sure the city is prioritizing projects properly.

More:Topeka city guides say they have a busy road building season ahead of them. Here are 12 of the projects.

He said Urish Road had deteriorated badly and was glad to see it was planned for work.

Councilor Karen Hiller wants to try to complete the road projects without raising the bond limit. She said bonds are usually borrowed in the hope that there will be a new source of money to repay the bonds. For example, a city’s tax base expands, attracting more people to repay the money.

“I want to do everything, but I want to minimize the costs for taxpayers,” said Hiller. “You have to be a little more careful looking at who these other people are who are going to be paying in the future. What have we just done when we or our children pay higher taxes? “

How is some of the money budgeted?

Topeka’s capital improvement plan will invest nearly $ 120 million in road projects and $ 138 million in utility projects between 2022 and 2026, the document says. Road and utility projects together account for 78% of budgeted expenditure between 2022 and 2026.

The 187-page draft online lists dozens of projects and pools of money the city will fund, making it difficult to make a comprehensive list of notable projects. However, a program of interest could help the city’s fire stations.

More:The Topeka Fire Commission recommends building a new fire station. But how is it financed?

The city’s facility improvement, repair and maintenance program is a fund that could be topped up if the CIP is approved in its current form.

FIRM will have around $ 1.7 million in 2022, but will rise to around $ 2.2 million between 2023 and 2026, according to CIP.

More:The Taylor Street fire caused $ 26,000 damage

The maintenance fund could be an integral part of the city’s plans for a future fire station. The Topeka Fire Commission recently completed its multi-month process of reviewing fire coverage in the city.

The commission recommended that the city council build a new fire station with renovation work on all fire stations currently funded. FIRM is funding renovations to all city buildings, but the members of the commission hoped that more attention could be paid to the fire stations.

Will there be changes at the meeting of Topeka City Council on April 6th?

Forelle said he hoped the plan would be approved at the first meeting. He said no council members had expressed major concerns about the document and expected only minor adjustments to the overall plan next Tuesday.

Hiller said she hoped the plan better spelled out how some money will be divided. The CIP currently budgets money into a handful of funds specifically designed for one type of project, e.g. B. Money only for curbs and gutters or alleys.

More:Topeka City Council approves the plan to invest in affordable housing across the city

The funds don’t tell you what projects will be done in the near future that she hopes will change.

Duncan said he will continue to campaign for the Topeka Performing Arts Center. He said the building has “good bones” but would like to see improvements to the installation and electrical system.

“Nobody likes to talk about it, it’s not cool, but it is (a necessity),” he said.

How can someone provide feedback on the capital improvement plan?

Everyone the Capital Journal spoke to said any comments on the plan should be directed to your respective councilor.

More:The Topeka Human Relations Commission has been given the opportunity to review quarterly police reports

The city has programs in place to ensure that all roads are assessed every few years. However, council members said it was best to share your concerns directly. Dobler said it was best to contact your councilor before voting so that it has time to act on the request.

“It is vital to have a plan,” said Dobler. “If you don’t know where you are going, any road will take you there.”

Plus cash: Autonomous know-how startup provides $220M to current capital elevate

The self-driving startup Plus für Truck-Technologie Plus recently added $ 220 million to a capital increase, pushing ahead with the marketing of its Level 4 system in China this summer.

The previously announced $ 200 million Raised in February was led by CPE and Guotai Junan International.

The new money comes mainly from Chinese and Asian investors. Chinese funds FountainVest Partners and ClearVue Partners jointly led the increase.

Participants included Taiwan’s Quanta Computer Inc. as well as existing investors SAIC Capital, the venture arm of Shanghai Automotive Industry Corp. and China’s Google company Full Truck Alliance freight adjustment platform. Millennium Technology Value Partners and Sequoia also contributed.

‘Important turning point’

“With the mass production of its autonomous driving system this year, Plus has reached an important turning point for the company,” said Alex Zhang, FountainVue partner and head of the industrial group at FountainVest, in a press release.

Plus will use the additional funds to expand its global operational and commercial deployment plans for its PlusDrive autonomous driving solution. The company is in the final stages of PlusDrive’s certification for commercial operations in China, where it has 5,000 non-binding pre-orders.

The automated truck powered by PlusDrive was developed together with First Auto Works (FAW), China’s largest manufacturer of heavy-duty trucks. Pilot programs are currently underway with major commercial freight companies, including SF Express, one of China’s largest delivery fleets.

“Plus is the only autonomous freight forwarding company that has started mass production Production of its autonomous driving system this year ” said David Liu, Plus CEO and Co-Founder. “And this investment will support fuel plans to bring our automated trucks to market.”

Related articles:

Self-Driving Trucks: A 10 Billion Mile Proof Case for Plus

Chinese investors join a $ 200 million round for autonomous startup Plus

Plus to sell autonomous trucks on Chinese freight customization platform

Click here to see more FreightWaves articles by Alan Adler.

Former Capital Bowl to turn into household leisure middle

Five local business owners have bought the former Capital Bowl property and plan to convert it into a family entertainment center with an arcade, bowling alleys, and a full restaurant and sports bar.

Scot Drinkard, one of the new owners, said it was going to be like a “Mini Dave & Buster’s”.

“The whole place will likely be more adult, but family and kid-friendly,” he said. “I have a feeling we will care more about adults, but children and families will be welcome and have a lot of fun.”

There will be 12 bowling lanes and a VIP room with four more bowling lanes. The VIP room is available for parties or team building for companies.

“It has a bit of different LED lighting, and it’s just a little bit fancier,” said Drinkard.

There will also be indoor sports simulators for practicing sports like kickball, soccer, and soccer.

Much of the plan is still in the drafting phase, but the interior of the building has been completely gutted and work on the building’s exterior has begun. The exterior of the building will be left and covered with new materials.

Drinkard expects construction to be completed by early 2022. The project will cost approximately $ 5 million.

“We were really shooting for September, but that’s probably not going to happen just because we need to finish our final drawings, we’re still working on getting some offers from some people, and we’re also waiting for city approvals,” said he.

The former Capital Bowl property was badly damaged in the May 2019 tornado. Capital Bowl, which first opened as West Gate Lanes in 1961, announced in October 2019 it would not reopen.

In May 2020, Tom Mendenhall, a member of the property’s group of owners, said they had decided to sell the property instead of repairing it in hopes that someone could convert it into a new bowling alley. Until recently, however, there was no significant interest.

The new owners are: Drinkard, owned by Spectators Sports Bar and Grill; Gerlach builders Mark Gerlach and Brian Bloomer, co-owners of Storage Solutions; and Brad Vandegriffe and Jeremy Geisler, who own rental properties and are opening T3 Fitness.

No cash for brand new capital initiatives, metropolis says | Information

Norman City Council is facing a potential deficit on certain capital projects in the equity fund, city officials say, amid potential revenue challenges.

During a Tuesday meeting on the capital fund and financial reports, the city’s financial services director Anthony Francisco told the council that the budget for new pay-as-you-go projects is expected to be – $ 650,000 by the end of fiscal 2021 and – $ 471,000 for the following year. The forecast for the fiscal year ending 2023 is not in the red with a forecast value of 1.4 million US dollars for new allocation projects.

“If the council wants to add projects beyond what we have in mind or propose, you’ll have to abandon another project to save money on the project you want to add,” said Francisco.

These projects are also known as pay-go projects and can include, for example, the replacement of equipment, drainage projects for rainwater or the maintenance of streets and sidewalks.

The negative projection is unusual, he said.

“When we are in this step in the capital budgeting process, the council usually has some funds to allocate to new projects, but the current status of the fund is negative,” he said.

Francisco told The Transcript on Friday that the negative position could improve as savings are expected from other current projects and he hopes revenue could improve.

Revenue for the city has fallen in several funds, including fines and foreclosures that are well below budget and “still below last year’s level,” he said.

During Tuesday’s discussion of the shortage of space tax funds due to the COVID-19 pandemic, Francisco seemed optimistic that fall 2021 could be a different story for that fund, too. As previously reported by The Transcript, most of the hotels were in 50% capacity or less during the height of the pandemic, and the fund was subsidized by the Council through funds from the Coronavirus Aid Relief and Economic Security (CARES) Act.

“We hope that we will recover at the beginning of the next fiscal year,” he said. “We assume that we will have full football stands in autumn 2021, which we are planning as the national championship season. We hope this will have a positive effect on our spatial tax fund. “

Some revenues have increased, such as the use tax generated by online trading and shipping. The city will levy $ 2 million more in use tax, while flat-rate sales tax revenues are only half 1% higher than expected, Francisco said.

“The general message I’d get from this on the revenue side is that it’s not as bad as we feared, but it’s not good,” he said.

With utility costs rising during the last two storms, franchise fee income is expected to be much higher.

“This impact on our ONG franchise earnings that is not yet visible, but I would suspect that it will improve our earnings to hundreds of thousands of dollars,” said Francisco.

Storms have also contributed to emergency reserve fund spending. The cost of storm debris removal is $ 6 million, he said. Upon an expected reimbursement, the city’s cost could drop to less than $ 1 million.

The cleanup was funded upfront from the general fund, Francisco said.

“We expect to be spending a 1% emergency reserve this year for the first time in a while, and we’ve already moved much of that to the road maintenance and public works department,” said Francisco. “All of these things together, we expect to end this fiscal year with approximately $ 1.2 million of our initial fund balance and end this fiscal year with approximately $ 2.7 million in fund balance. “

This balance falls below the city’s reserve policy of less than 3%.

“We will moderate that further,” he said.

The general fund “survives” but is unable to add new projects.

“At least this year, we do not assume that a fund balance will have to be reduced on a rainy day in order to save the general fund, as the balance is still above 1% of expenditure but below the reserve level of 3%”, he said.

Tough choices

As sales tax revenue growth has fallen below expectations with the advent of online retailers, some quality of life projects at the Norman Forward Sales Tax Fund have been scaled back. Several planned projects are underway, including the Senior Wellness Center, several park and sports improvements, and an indoor water and multisport center.

Meanwhile, other capital project challenges remain underfunded after failing a general bond in August 2020 to meet the drafts.

The council must decide whether it can find the money to complete an emergency and communications center of $ 16 million or build what it can afford with a funding gap of $ 9.5 million. City documents show the facility would have to eliminate 7,000 square feet and five shipping stations, with only that part of the building’s IT department hardened to withstand the harshest weather conditions.

While negotiations between the Norman Regional Health System and the city over a land swap continue, the council must also decide how a building will be used in 718 N. Porter. Station 3 Alison Petrone suggested that the Norman Police Department use it as a temporary communications center until the city can find the rest of the funds needed to build it according to the design.

The city continues to put out its dollars for fleet replacement, but is behind schedule, according to a study.

“You can see that we spend about $ 2 million a year on vehicle replacements,” said Francisco. “We should spend about $ 5 million to keep up to date, but that’s what we have and we’re doing the best we can.”

City manager Darrel Pyle said the city is still reviewing a leasing program and giving grants to some electric vehicles to save money.

Among other things, the employees drew attention to underfunded renovation work on communal complexes, outdated equipment for animal welfare, roads, bridges and the maintenance of the rainwater infrastructure.

Public hearings on the budget will take place on April 27th and May 25th.