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Press fine-tuned his list, disclosed the name of his client, and flew to Huntsville for a series of meetings, still skeptical. Across the table sat Battle, the head of the Chamber of Commerce and the state’s economic-development director. The governor’s office would give Remington a significant abatement of their income tax for 10 years. The Tennessee Valley Authority would provide discounted electricity.
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After missing several days for a second surgery, she says she was called into the office of her supervisor, told that she had missed too much work and fired, three years to the day after she started. As the union effort had fizzled, there was no one she could appeal to for help. At R. House, where they opened this week, Doppio has launched a coffee program and is serving pastries in the former Ground & Griddled space.
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The Remington factory was housed in a gray building the size of 14 football fields set back behind fencing topped with razor wire. Classes for new hires were held three days a week, every week. If Press had every reason to send his client south, though, he lacked any special affection for Huntsville. For one thing, he explained to me, the airport had a shortage of worthwhile direct flights. For another, the technical labor pool was limited compared with those of larger cities.
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The entities were related but — and this was crucial — each could borrow money independently. In 2010, Cerberus had the holding company borrow $225 million from an undisclosed group of lenders, most likely hedge funds. Because this loan was risky — the lenders would be paid only if Remington made a lot of money or was sold — the holding company offered a generous interest rate of around 11 percent, much higher than a typical corporate loan. When the interest payments were due, the holding company paid them not in cash but with paid-in-kind notes, that is, with more debt. At our Best Western San Diego Zoo/SeaWorld Inn & Suites, you will enjoy spacious accommodations in a fantastic location.
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House’s chefs draw culinary inspiration from locales such as Mexico, Seoul, Caracas, and, of course, Baltimore. House offers plenty of seating, highchairs, play areas, and a full cocktail bar. Remington is Baltimore’s destination for artists, entrepreneurs, nonprofits, makers, and innovators.
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The dream was lofty and ambitious, and Huntsville was only a piece of it. Cerberus had been trying for years to assemble a dominant American gun company. First, in 2006, it purchased Bushmaster, known for its AR-15-style rifles. Then it paid $118 million in cash for Remington and assumed the company’s debt. Other acquisitions followed, until by 2013, 18 businesses were rolled up together under Cerberus’s roof. One of Kollitides’s jobs was to oversee the necessary layoffs.
There is also a lively bronze cast in 1916 on display titled ‘Coming Through The Rye’ which depicts four cowboys galloping on horseback, guns drawn and aloft in a rowdy depiction of life on the range. The way people in 2008 talked about “credit default swaps” as a symbol of Wall Street lunacy, people in the early 1990s talked about leveraged buyouts. Faced with all this bad publicity, Wall Street decided it had only one option. Stephen Feinberg founded Cerberus in 1992 as the euphemism “private equity” was coming into currency.
Welcome to R. House: A first look at Remington’s much-anticipated food hall
Built in 1810, the main building of the museum, which was the home of Remington’s wife Eva after his death, offers a collection of personal property including letters and art supplies. “The Outlaw” shows another horse and rider frozen in a bucking position, capturing the movement and drama of the moment. Here you can also see rare Collier prints of otherwise lost works that Remington destroyed. Slipped on a metal pole that a maintenance worker had left outside the factory, grabbed the fence with her right hand to break her fall and felt a muscle tear in her wrist.
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About a year after the factory opened, leaders in Huntsville’s black community, including Johnson, began to hear reports from inside. Johnson was disappointed but not surprised to learn from his parishioners that on the Remington line, the usual racial divisions manifested. Most of the line workers were black, whereas most of the managers and engineers were white. Though the company was supposed to be hiring hundreds of people, workers said that the line appeared suspiciously sparse.
Because the operating company borrowed the money with a normal loan — and not with PIK notes — interest payments were required in cash. Suddenly Remington was carrying hundreds of millions of dollars in debt that, if it could not be paid, would cause the business to go bankrupt. I asked Gustavo Schwed, a professor of private equity at New York University who spent 24 years in the industry, to help me review the documents.
During your stay, we invite you to take advantage of all our hotel has to offer. Enjoy a complimentary full hot breakfast each morning. Make the most of your downtime by taking a dip in the outdoor heated pool or soaking in the hot tub.
Of course, house-made frescas and Mexican Coke are nearby to cool the spice.
Wherever you decide to dine, be sure to talk to the chefs, each of whom is proud to share their story. It all started with ten chefs who believed that uniting to launch their restaurants was better than going it alone. It’s a food hall, but more than that, it’s a community. We believe in being neighbors, not guests; we see possibilities, not limitations. This is your gathering place, your kitchen table, your office, and your front stoop.
The 2-story rectangular brick building, constructed to expand Eastwick, reflected the growing importance of Remington to automobile sales and service in the 1920s. Directories referred to the building as the "Dodge Maintenance Building" in the late 1920s, but the design makes clear that it was always intended to work as a showroom as well. As well as their own collection of Remington sketches, prints, paintings, and sculptures they also curated the traveling exhibit ‘Go West!
On the third Thursday of every month, from 9 a.m.–12 a.m., grab the karaoke microphone and sing to the tunes of DJ Goody of Repeatable DJ Services. Find your courage with special Jagermeister cocktail specials. Plus, select food stalls stay open till 10 p.m. Karaoke is free, just register via Eventbrite for priority placement in the karaoke queue. House is a 6,500-square-foot warm industrial space perfect for private events of up to 350 people.
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