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Island Capital’s Andrew Farkas launches $250M SPAC

first_img Share via Shortlink Clockwise from left: Henry Silverman of Athos Capital Partners, William P Lauder of the Estée Lauder Companies, Andrew Farkas of Island Capital, Jeff Blau of Related Companies and Andrea Olshan of Seritage Growth Properties (Getty)Billionaire real estate investor and yacht enthusiast Andrew Farkas is sailing into the SPAC race.Farkas, the founder of merchant bank Island Capital, aims to raise $250 million for a proptech-focused blank-check firm. ICG Hypersonic Acquisition Corp. will be run by Farkas and executives from Island Capital, according to a regulatory filing.The SPAC’s board includes some of the biggest names in real estate and tech, including Jeff Blau, CEO of Related Companies; William P. Lauder, executive chairman of the Estée Lauder Companies; Peter Levine, a general partner at Andreessen Horowitz; Andrea Olshan, CEO of Seritage Growth Properties; and Henry Sliverman, the managing member of Athos Capital Partners and 54 Madison Partners, which develop hotels and mixed-use properties.Last year, blank-check firms roared back to life after falling out of favor in the wake of the financial crisis. Some 248 SPACs went public, raising $83.3 billion.Investors have already surpassed those records this year, according to SPACInsider, with 270 SPACs going public and raising $87.8 billion.Real estate players in particular are jumping at the chance to capitalize on the industry’s increased demand for technology and digital solutions.“Going forward, we expect proptech growth curves to be very steep and robust, delivering massive efficiency and productivity gains to the real estate space,” ICG Hypersonic said in the filing.That’s become a common refrain over the past few months, with more than 40 real estate-focused SPACs getting into the game. Some well-known players include Tishman Speyer, RXR Realty, Cushman & Wakefield and CBRE.So far, just a handful of proptech startups have struck SPAC deals. They include home-services startup Porch.com, the iBuyer Opendoor and smart-glass maker View. Companies such as Matterport (3D video), Latch (smart lock maker) and Doma (title insurance) are set to go public with SPACs this year.Farkas is founder of Island Capital Group, which is headquartered in Manhattan but has been active lately in South Florida. In January, an affiliated company paid $64 million for a 282-unit apartment complex in Margate.Prior to starting Island Capital, Farkas built Insignia Financial Group, one of the largest real estate brokerages in the country. His family also built Alexander’s department store.Read moreTRD’s definitive SPAC tracker Cushman launches $250M SPAC Doma going public in $3B SPAC deal Message* Email Address* Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink andrew farkasIPOjeff blauProptechSPAC Tags Contact E.B. Solomont Full Name*last_img read more

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Welcome Home HMS Pembroke

first_imgBack to overview,Home naval-today Welcome Home HMS Pembroke View post tag: home View post tag: Navy Authorities View post tag: HMS Pembroke View post tag: europe Share this articlecenter_img Royal Navy mine hunter HMS Pembroke returned home on Thursday, April 23, to HM Naval Base Clyde following a four-month deployment.The Sandown Class Mine Counter Measures Vessel has been assigned to NATO’s Mine Counter Measures Group 1 since January this year, operating in the Baltic and North Sea.During the deployment, HMS Pembroke was joined by NATO partners – Germany, Netherlands, Poland and Belgium – to form NATO Mine Counter Measure Group 1.Operating in the Baltic and North Seas, HMS Pembroke and the Group used sophisticated mine hunting sonar to locate nine World War Two bombs, torpedoes and mines in the Baltic.Expert divers from HMS Pembroke placed markers on the mines, allowing the vintage ordnance to be safely disposed of at a later date.The team later dealt with a 500lb bomb in the North Sea and also took the opportunity to conduct a poignant service off Normandy, commemorating the sinking of wartime destroyer HMS Isis.[mappress mapid=”15809″]Image: Royal Navy View post tag: News by topic View post tag: Naval Welcome Home HMS Pembroke April 28, 2015last_img read more

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Visiting Assistant Professor of Computer Science – 2021-2022

first_imgHaverford College is a small, selective, liberal arts collegelocated 10 miles outside of the center of Philadelphia and on aregional train line.Questions about the Computer Science program should be directed toJohn Dougherty at [email protected] For technical questions, please contactlnterfoliodirectlyat 1-877-997-8807 or [email protected] .Haverford College is an Equal Opportunity/Affirmative Actionemployer that does not discriminate on the basis of race,ethnicity, religion, gender identity, sexual orientation, nationalorigin, age, marital status, disability or veteran status.Haverford has a longstanding commitment to diversity rooted invalues of inclusion and social justice, a commitment reflected inthe curriculum, classrooms, and communal composition of theCollege. Haverford welcomes applications from candidates who sharethese values and who will foster their contribution to theCollege’s mission. The Department of Computer Science of Haverford College welcomesapplications for a full-time Visiting Assistant Professor for the2021-2022 academic year.The appointment is renewable for an additional year, contingentupon budgetary approval and completion of a successful performancereview during the first year. Responsibilities will includeteaching the equivalent of five courses over two semesters eachyear. Labs, discussion sections, and supervising undergraduatesenior thesis often count toward this teaching load. This positioncomes with support for research, especially involving undergraduatestudents, as well as a generous benefits package.Candidates in all areas of Computer Science or connected fields areencouraged to apply. The successful candidate will have a Ph.D.(ABD considered) in Computer Science or a closely relateddiscipline and excellent teaching skills and experience, with theability to teach courses from the introductory to the advancedundergraduate levels. The College and Department particularly seekthose well-prepared to engage students from diverse backgrounds,and equipped to use varied pedagogies in the classroom. These andother capacities as an instructor of undergraduate students shouldbe explained in a detailed statement of teaching experiences andinterests.The appointment officially begins July 1, 2021; applicationsreceived by January 15, 2021, will be given full consideration.Applicants should submit a letter of interest, a current curriculumvitae, a statement of teaching interests, a statement of researchinterests. Please also arrange to have three letters of referencesubmitted in support of the application (including name, title,affiliation, phone number, and email address of each reference). Atleast one of these letters of reference should focus on thecandidate’s teaching abilities. Please submit your applicationmaterials here: http://apply.interfolio.com/81757last_img read more

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“READERS FORUM” FEBRUARY 24, 2019

first_imgWe hope that today’s “READERS FORUM” will provoke honest and open dialogue concerning issues that we, as responsible citizens of this community, need to address in a rational and responsible way?WHAT’S ON YOUR MIND TODAY?Todays“Readers Poll” question is: Do you disagree with the “Drag Queen” reading hour being held at the public library?Please go to our link of our media partner Channel 44 News located in the upper right-hand corner of the City-County Observer so you can get the up-to-date news, weather, and sports.If you would like to advertise on the CCO please contact us at City-County [email protected]:  Any comments posted in this column do not represent the views or opinions of the City-County Observer or our advertisers.FacebookTwitterCopy LinkEmailSharelast_img read more

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IS IT TRUE NOVEMBER 3, 2017

first_imgEDITOR’S FOOTNOTE:  Any comments posted in this column do not represent the views or opinions of the City County Observer or our advertisers Please take time and read our newest feature articles entitled “LAW ENFORCEMENT, READERS POLL, BIRTHDAYS, HOT JOBS” and “LOCAL SPORTS” posted in our sections.  You now are able to subscribe to get the CCO daily. We hope that todays “IS IT TRUE” will provoke “honest and open dialogue concerning issues that we, as responsible citizens of this community, need to address in a rational and responsible way?”IS IT TRUE that something that the City County Observer advocated for many years ago has finally come to be?…Evansville is going to get a new state of the art dog park and not one dime of public money is going to the dogs?…the new dog park fully paid for by the dog owners living in this area who choose to spend their own money will be adjacent to the soccer fields in the park on Vann Avenue that is between the Lloyd Expressway and Lincoln Avenue will be the site of the new pooch palace?…in the spirit of affection between man’s best friend and the Mayor’s office, the City of Evansville will be roughly $3 Million richer and the dog lovers will have the honor of paying their own way as opposed to having the taxpayer subsidize bowser’s recreational opportunities?IS IT TRUE that a dog park paid by the users is how things are supposed to happen in a functioning society? …we hope this does not give Mayor Winnecke and the Evansville City Council the delusion that they have $3 Million to waste on some other nonsensical project?…we also hope that our elected officials  realize that good public policy practice by everyday day citizens has once again  saved them from themselves?IS IT TRUE that the CCO also openly stated that a downtown hotel would happen without a subsidy when and if a medical school was becoming a reality?…as with the dog park, two hotels without the need for a handout have followed the medical school into downtown Evansville?…that is another $20 Million that the taxpayers of Evansville would have saved if we had a Mayor and Council with a shred of patience when it came to greasing an aspiring hotelier?…alas in the case of the Doubletree, the taxpayers saw that $20 Million plus go to waste unnecessarily?…we wonder who let those dogs out?…it must have been former Mayor Weinzapfel who boasted about how a Marriot would come to downtown Evansville without a subsidy if and only if a hockey arena was built?…that is turning out to be the gift that keeps on taking?…it takes about $9 Million per year that could have been used for some other useful purpose like sewers, water pipes, or road repairs?IS IT TRUE that while we are on the subject of the City of Evansville borrowing money to build a downtown hockey rink, we noticed that buried in the fine print of President Trump’s proposed tax reform plan is a provision that will eliminate the tax free status of interest paid on municipal bonds issued for sports stadiums?…this is one provision of the proposed tax reform plan that the CCO heartily endorses as stadiums never perform up to expectations and allowing tax exempt debt to be utilized to fleece the taxpayers into building temples to sport was just wrong in the first place?…we wonder if this is going to apply to bonds that have already been issued?IS IT TRUE that Henderson is about to see the K-Mart that has been there forever close as it was on a list of upcoming closures issued by the parent organization aka Sears and Roebucks?…the brick and mortar retail stores continue to get Amazoned on a regular basis?…some but not very many brick and mortar stores are finding new ways like making deals with towing companies to make up for the lost revenue?IS IT TRUE that last night our first responders worked a scene of two shootings?  …its was reported that a suspect was reported to be fleeing the scene of the shootings? …it was also members of the EPD were holding another possible suspect at gunpoint?  …we are proud of our man and women in blue for help keeping our community safe from bad people?…the next time you see our first responders please give them a “thumbs up” for doing a great job in protecting us?As of 9:40 p.m. AMR, police and fire units were still on scene.At about 10:10 p.m., according to scanner traffic, the suspect vehicle was seen near Taylor Avenue turning onto Garvin Street. Police were working to locate the vehicle over the next two hours.We will update as more details become available.IS IT TRUE starting next week you will be able to read articles posted in the CCO articles written by Franklin College School of Journalism students about the current happenings at the State Capital? … articles that we will be publishing from the StatehouseFiles are; Courts and Crime, Drug Epidemic, Education, Environment, Health, immigration, Jobs-Economy and Labor, Local Government, Poverty, Roads and Construction, Social Issues, Taxes and Budgets, Technology, Commentary, Videos, Elections and News from Across Indiana? …we would like to thank long time supporter and friend Joe Wallace for stating that “this is a big win for the CCO. Congratulations on making this deal. This is a game changer”?  …it look like Mr. Wallace understands that The StatehouseFile and the City COUNTY OBSERVER partnership agreement really is a big deal?Todays READERS POLL question is: Do you feel that the partnership agreement between the STATEHOUSEFILE and the City COUNTY OBSERVER is really a big deal? FacebookTwitterCopy LinkEmailShare If you would like to advertise in the CCO please contact us City-County [email protected]last_img read more

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Labour of love

first_imgThe coffee shop culture is not a new concept in the Lake District National Park, but recently, the trend has been reaching out to those in search of more than just the afternoon treat of tea and scones. Forward-thinking bakery owners Phil and Ruth Eastwood, a husband-and-wife team, say they will soon be accommodating ’Stitch ’n Bitch nights’, in a newly opened café area next to their Oak Street Bakery in Windermere.Named Coffee Bar 7, it opened just in time for Christmas. It serves Fairtrade coffee, freshly made cakes, soups and sandwiches, all prepared in its bakery next door. On windy, wet days, which occur far too frequently in the Lake District, the coffee shop is a welcome addition. Its walls are painted with vibrant colours, using red tiling and warm finishes, giving it a Moroccan and contemporary feel.”It’s those little details and finishing touches that we’re proud of,” says Ruth. “Everything is a labour of love, down to the individual fresh flowers presented on each table, to the choice of music buzzing away in the background.”The bakery next door has been open for seven years. “We wanted to do something a bit different,” says Phil. “I didn’t want to just make a white, a brown and a Granary.”After being a production manager at Sayers in Liverpool for over nine years, Phil decided one day to take the plunge. He and Ruth headed for the Lake District National Park. “We wanted a complete change and a new life. It’s the attitude and atmosphere that we love; it’s so beautiful and laid back.”The move to open Bar 7 follows the controversial opening of Costa Coffee and Tesco Express in Bowness last year. The multi-million-pound Tesco and Costa developments have transformed the town and have met with both resentment and excitement. “Although the Tesco Express does have a bakery, it doesn’t seem to be affecting us at the moment,” says Ruth. “But it’s causing real misery to some of the delis and sandwich bars in town.”According to the Eastwoods, the most regrettable part of their job is when, at least once a week, an ex-baker comes into the shop. “You can spot them a mile off,” says Ruth. “They start poking their heads around the corner, looking at the ovens and asking lots of questions about the breads. It’s always the same story – a supermarket has opened up near their bakery, putting them out of business.”The Eastwoods’ strength lies in making a wide range of artisan breads, from chocolate bread to Polski chleb. The only other bakery nearby is a Greggs shop two doors down. “We do compete for business,” says Ruth, “but at the end of the day, our offering is completely different to theirs. One of our sandwich offerings includes humus and salad in a Mediterranean bread. It’s delicious.”Oak Street Bakery makes about 30 different types of bread on a rotational basis. But on any day, Phil will make up to 18 different loaves. One of the most popular is a Mediterranean bread, made with olive oil, sun-dried tomatoes, pesto, basil, cheese and olives. Commenting on the bread, Phil says: “We’ve recently been varying these ingredients and have produced a tinned bread with roast peppers and ham running through the middle of it. It’s like a meal in itself.”The bakery charges £2.95 for this particular loaf and it’s extremely popular, adds Phil. He explains that his customers are not at all fazed by paying high prices for quality artisan bread. “It’s actually our customers that tell us we should put our prices up,” adds Ruth.A lot of the bread at Oak Street Bakery is made from scratch, but Phil occasionally uses mixes from Ireks and Puratos. “Someone from Ireks showed us a spelt and honey bread, which was very popular,” says Phil. “We need to use these mixes sometimes, as the keeping quality is greatly improved.”Half of the bakery business is wholesale. Its biggest customer, Lucy’s of Ambleside, comprises a deli, café/restaurant and a wine bar. The strange thing, explains Phil, is that Oak Street has never marketed for wholesale. “It has come through word of mouth. We’ve had to turn down work, as I already work too many hours. That’s what I was trying to get away from.”== finding staff ==Oak Street has had problems recruiting staff. In Windermere, property is expensive and workers are usually only available during the holiday seasons. “We have employed chefs in the area who have baked a bit of bread, but when they come to work here, it’s a completely different profession,” says Ruth. “The last chef lasted about 12 months and said he didn’t realise there would be that much volume.”Now, however, the bakery has a committed driver and three bakers helping Phil. The three new recruits are all Polish. “We are slowly going to let the lads introduce more Polish breads into the bakery,” says Ruth. “The custo-mers love it.” nlast_img read more

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Bread Ahead continues expansion after opening up new site

first_imgBread Ahead bakery and school is set to open a third retail outlet in Seven Dials, London and is expected to announce a fourth imminently.The site is set to open today (Monday 10 October) and will specialise in doughnuts, focaccia, sourdough bread and savoury filled brioche buns.Matt Jones, co-founder of the business and bakery school, had already revealed his intentions to expand his bakery after telling British Baker last year that he would like to open up four well-placed sites in central London by the end of this year.The bakery first opened in Borough Market in 2013 and supplies a host of restaurants and delis throughout London.This followed the launch of the bakery school, which focuses on traditional baking and pastry skills for established bakers and amateurs.The bakery opened up its second outlet last year in Westfield Stratford after investing around £40k in the 500sq ft site.British Baker’s sister title MCA understands that the group is working on plans for an additional bakery and baking school, as well as a shake-up at its Borough Market.last_img read more

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Belles connect with area restaurants, businesses

first_imgSaint Mary’s students will get to taste and familiarize themselves with the services and products of food establishments throughout South Bend on Thursday night at the Taste of Saint Mary’s event from 8 to 10 p.m. in the Student Center Lounge. Student body president and senior Maureen Parsons said the Taste of Saint Mary’s, which is free to all students and sponsored by the Student Government Association (SGA), is designed to help attendees establish connections with local restaurants and businesses. “The Taste of SMC is an event that allows local businesses to market their product or service to students,” she said. “[SGA] wanted to have the Taste of SMC to build a relationship between the students and the community of South Bend. It is an opportunity for students to learn about what is available in the community.” Parsons said she believes the Taste of Saint Mary’s is a great way for students to enjoy some free food while also getting acquainted with local businesses and different ways to enjoy their services. “The business can offer free samples, sell merchandise, provide their services or simply talk about their business,” she said. “[Some of the businesses] will be giving away free samples of their products.” Several local businesses and restaurants are participating in the event, including Flourish Boutique, Papa John’s, Salon Nouveau, Urban Swirl, Salon Rouge and Biggby Coffee, Parsons said. While the event is free, as are most of the services, Flourish is selling some merchandise. Parsons said the SGA organized the event by reaching out to businesses to gather an interest of which ones would want to participate in  the even, then sent out informational packets to move the process along. Parsons said she is hopeful this event will become an annual event and that more businesses will participate in the next one. “We hope that students will learn more about what South Bend has to offer,” she said. “Many businesses in the community have great student discounts that our students are not aware of. We really want to start working with the community and building a relationship with businesses for the future.”last_img read more

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No Seeds Please.

first_imgThere’s nothing like a cold slice of watermelon on a hot summerday — if it weren’t for all those seeds.Watermelon lovers must agree. Consumer reports have shown thatshoppers are willing to pay more to get their melonsseedless. And farmers are hearing them loud and clear.More and more growers are adding acres of seedless watermelonsto their crops each year. In fact, of the 35,000 acres of watermelongrown in Georgia this season, 25 percent were seedless melons.Introduced in the 50’sAn estimated 20 percent of the watermelons grown in the UnitedStates are seedless. But seedless melons aren’t new. The firstwere bred in 1951 by Dr. H. Kihara of Kyoto University in Japan.”Seedless watermelons are actually called triploid watermelonsby seed companies and growers,” said John Duval, a horticulture graduate student with the University of Georgia College of Agricultural and Environmental Sciences.”The name was developed,” he said, “after consumerscomplained because every now and then, a seedless watermelon willhave a seed inside.”A Little Smaller Than Traditional MelonsSeedless watermelons are normally red-fleshed and smaller thantraditional melons. “One of the most popular varieties grownin Georgia is Genesis,” Duval said. “You can tell ifa melon is seedless by looking down it from the stem end. It willhave a slightly triangular shape.”With the popularity of seedless melons on the rise, the acreageof Georgia-grown seedless watermelons is expected to rise to 50percent over the next 20 years.”Most of the seedless watermelons in the United Statesare grown in Georgia, Florida, Texas and California,” Duvalsaid.Duval has spent the past three years researching seedless watermelons.Working at the UGA Georgia Experiment Station in Griffin, Ga.,he developed techniques that could encourage more farmers to growseedless melons.Pricey Seeds, Stubborn SeedsOne reason they shy away from growing them now is the costof seed. The other reason is that the seeds often don’t grow well.”Seeds for seedless melons cost from 15 cents to 25 centseach,” Duval said. “And then, there’s only a 60 percentto 80 percent chance the seeds will produce.”Duval says the high seed price is a direct result of the difficultybreeders have in producing the seeds.”It’s like crossing a horse and a donkey,” said Duval.”You get a mule, but it can’t reproduce. Producing seedlesswatermelon seed is a long, tedious process. One successful crossproduces just a few seeds.”Working on his research thesis, Duval found two methods thatmay help farmers’ success rates with seedless melons.”Seedless watermelon seeds don’t germinate well. But I’vehad success by clipping the seeds before planting,” he said.”You just clip a hole in the round end of the seed. ManyAsian seed companies actually recommend doing this.”The other method Duval has found effective involves presoakingthe seeds in a 1-percent hydrogen peroxide solution. “Thishelps pregerminate the seeds,” he said.Try Growing Your OwnDuval said backyard gardeners can try these techniques at homenext season. “You can grow seedless watermelons at home,”said Duval. “Just remember you need to start them as transplantsbefore you put them in your garden spot.”He also warns backyard gardeners not to over water their seedlessmelon transplants. “They should be lightly watered to improvethe air movement around the seeds until they emerge,” hesaid. “If you water them too much, the seeds can’t breathe.”Duval said seedless watermelon seeds should be available insmall packets at lawn and garden centers. “If you can’t findthem there, you’ll find lots of choices in seed catalogs,”he said.last_img read more

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Mangano Gives State of Nassau County Address

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York Nassau County Executive Ed Mangano gave his fourth State of the County address at the Morrelly Homeland Security Center in Bethpage on Wednesday, March 6, 2013.Nassau County Executive Ed Mangano proposed a new, smaller arena to replace the aging coliseum, urged Democratic critics to help him close perpetual budget gaps and ticked off a list of past initiatives in his fourth State of the County address Wednesday.After recovering from a teleprompter glitch during his opening remarks, the first-term Republican seeking re-election this fall launched into what at times felt like a stump speech—although he also struck some downer notes while mentioning Superstorm Sandy, the loss of the New York Islanders and the recent deaths of two Nassau cops and a top Nassau GOP lawmaker.“Nassau County had the distinction of being the highest property taxed County in the nation; that is no longer true,” Mangano told the crowd assembled at the Morrelly Homeland Security Center in his hometown of Bethpage. “While we still have much work to do, we’re headed in the right direction.”His address comes as federal Sandy recovery aid has begun trickling into the region, while The Amazing Spiderman 2—the largest film shot in New York State—is now in production at a nearby sound stage and after a federal judge recently ruled against a 2011 county employee wage freeze.He also reminded the audience that he has frozen property taxes, cut the county workforce and privatized county services such as the bus system and inmate health care at Nassau County jail in his quest to close budget deficits. The Nassau Interim Finance Authority, a state-appointed fiscal watchdog, took control of county finances a year after Mangano took office.Legis. Kevan Abrahams (D-Hempstead), the leader of the county’s Democratic legislative minority, criticized Mangano for his ongoing plan to close half of the eight police precincts—one cost-saving measure the county exec didn’t mention—and for a recent credit downgrade.“It seems as though Nassau County has hit rock bottom,” Abrahams said, although he did endorse the new arena idea. “How much are we really saving and is it really worth it?”Tom Suozzi, the ex-Nassau County executive seeking the Democratic line for a rematch against Mangano—who unseated Suozzi in 2009—released a statement critical of Mangano before the address.“Under Ed Mangano, Nassau County has been mired in reckless mismanagement and constant fiscal crisis,” Suozzi said. “Furthermore, Mangano has presented no vision for our future and continues to rely on borrowing to the detriment of future generations.”Suozzi’s Democratic primary opponent, millionaire Adam Haber of Roslyn, also took a swipe at the county executive, accusing him of “speaking out of both sides of his mouth. Mangano said that taxes have not gone up, but Nassau’s middle class families know that they are being squeezed by paying more fees, while government services are getting cut.”In his defense, Mangano repeatedly referenced a $3 billion deficit he inherited from Suozzi, half of it from funds borrowed to pay property tax challenges in a grievance system Mangano has tried to overhaul. He also called on Democrats to provide the three votes needed to approve borrowing to pay more property tax settlements—something Democrats vowed not to do in the run-up to the recent legislative redistricting.“We have truly reinvented and are rebuilding a stronger, better and brighter Nassau County,” Mangano said. “That is why we must never return to our past practices.”last_img read more

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