PERS Funds to Back Mortgage Plan for Ohio Builders
Ohio Public Employees Retirement System with the Ohio Home Builders Association plans a mortgage loan program of up to 300 million dollars this year. Loans will be fixed rate with high 11s to low 12s percent and fewer points, routed through banks statewide to builders via a loan corporation formed by the association.
MENTIONED IN THIS ARTICLE
Public Employees Retirement System of Ohio
PERS
Ohio Home Builders Association
Robert McLaughlin
Columbus
Savings and Loan
Omo Home Builders Association
Chris Marzin
Home Builders Association Board
Lorain County
Marzin
Torio
Squillas
Vincent Squillas
The
Association
Don Barden targets Detroit cable contract rise
Lorain entrepreneur Don Barden, founder of a small Lorain weekly, aims for a $160 million bid to wire Detroit for cable TV. He holds Michigan franchises Inkster Romulus and Van Buren Township, plus Lorain Toledo ties, with financing from Drexel Burnham Lambert and support from Motown figure Esther Gordy Edwards. If awarded, the company could become a top 20 US cable operator amid a 30 million annual Detroit revenue forecast.
MENTIONED IN THIS ARTICLE
Lorain
Don Barden
Lorain Journal
David
Goliath
Barden
Michigan
Ohio
Barden Communications
Detroit
Coleman Young
Continental Cablevision
Elyria
Ments
Inkster
Romulus
van Buren Township
Cable
Esther Gordy Edwards
Motown Records
The
Drexel, Burnham, Lambert Group
Wall Street
Bulldozer crash injures man at Hamilton School wrecking
One man, Christopher DePalma, 19, suffered bruises and a wrist injury when a steel beam from a truck fell during demolition at Hamilton School. Another operator, Gerald Eschtruth, 50, escaped injury after his 23 ton bulldozer toppled through the second floor. No students were harmed.
MENTIONED IN THIS ARTICLE
Elyria
Hamilton School
Christopher DePalma
Middle Ave
Charles Thomas
Tri-City Construction Co
DePalma
Tri-City
Escruth Wrecking Co
Thomas
Gerald Eschtruth
Eschtruth Wrecking Co
Eschtruth
Calvin Leader
12Th Street
Middle Avenue
Hamilton
12Th and
Ex Gilford Leader Appointed Oberlin External Affairs Chief
Richard J. Dunn former Gilford Instrument Laboratory president has become associate vice president for external affairs at Oberlin College. He will oversee fundraising and began the role Monday. Dunn, 53, resigned from Gilford last February after 15 years, previously Oberlin city manager 1958 to 1963 and later joined boards at Allen Memorial Hospital and the Firelands Association for the Visual Arts.
MENTIONED IN THIS ARTICLE
Oberlin
Richard J. Dunn
Gilford Instrument Laboratories
Oberlin College
Dunn
Edgemere
Gilford
Dartmouth College
Cornell University
New Jersey
Weather outlook for tonight and Friday forecast
Patchy showers and thunderstorms early tonight then clearing. Lows mid 50s. Winds southwest 10 to 20 mph. Friday partly cloudy with highs 67 to 72. Page A-3 has more details.
Also Mentioned on This Page
Brian Smith
Lorain County Ely
Izaak Walton League
Brian
Scott Smith
Perch Court
LaGrange
Bob Bailie
Carmine Toro
Hame Builders Association
Andrew Zajac
Allen Memorial Hospital
Firelands Association For the Visual Arts
Wellington
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