Experts weigh in on consumption of genetically modified salmon

first_imgFirst OpinionExperts weigh in on consumption of genetically modified salmon AG: It would be great if we could eat only wild native fish. But fish stocks are declining. This genetically modified salmon offers a good, environmentally sound alternative.My one concern is how these animals will be raised. It’s impossible to know “What does a salmon want?” As long as the genetically modified salmon, and other farm-raised salmon for that matter, are grown in a humane way that doesn’t create environmental problems and that avoids the use of antibiotics, which is creating a public health disaster for us, then I think they represent a step forward.What makes the AquAdvantage salmon different from a regular Atlantic salmon?AVE: The AquAdvantage carries a growth hormone gene from a Pacific Chinook salmon. It also has regulatory pieces of a gene from the ocean pout, a fish that lives off the coast of New England and eastern Canada. In the pout, these regulatory pieces control the expression of an antifreeze protein in the pout’s blood to let it survive in near-freezing water. The additions to the AquAdvantage salmon’s genes generate growth hormones in response to cold temperatures. As a result, the fish grows in cold water at a constant rate throughout year, and can get to market size in about half the time it takes conventional salmon and using 25 percent less feed. Other than that, analyses by the FDA show that the genetically modified salmon does not differ from non-modified, farmed Atlantic salmon.How does the FDA determine that a genetically modified organism is safe to eat?AVE: The FDA determines safety by compositional analysis. Basically, it grinds up samples and evaluates what is in them. In these analyses, the genetically modified salmon and wild Atlantic salmon were not different. The FDA also determined that the new protein in the AquAdvantage salmon didn’t cause allergies. Of course, if you are allergic to fish, don’t eat this one or any other salmon. In reality, there’s no such thing as a completely safe food — no matter what breeding method was used to produce it. So what the FDA scientists really determined was that the food from the AquAdvantage salmon was as safe as food from conventional salmon.Weren’t there concerns about growth hormone and allergens?AVE: Before and after the September 2010 FDA hearing on the AquAdvantage salmon, several interest groups claimed that this fish carried higher levels of a growth hormone called insulin-like growth factor 1 (IGF-1) than wild Atlantic salmon, and that it was more likely to cause allergic reactions. These allegations were from cherry-picked data. The amount of growth hormone was too low to measure in all of the AquAdvantage salmon samples, while the amount of IGF-1 was too low to measure in most of the samples. Even if individuals ate a lot of the genetically modified salmon, it wouldn’t significantly increase the amount of growth hormone and IGF-1 they consumed.We eat growth hormone and IGF-1 from different animals all the time. But we digest these proteins so they can’t affect the body.When it came to allergy-causing proteins, the FDA concluded that the genetically modified salmon didn’t present a new risk of allergic reaction to salmon-allergic individuals and isn’t likely to cause new allergic reactions.Are there environmental concerns? What would happen if the AquAdvantage salmon got into the wild?AVE: The company designed its production systems to make it extremely difficult, if not impossible, to escape. There’s a biological barrier — the fish are all female and sterile. There are also physical barriers. The salmon are hatched at a facility in Canada. Screens prevent their escape and the hatchlings would not be able to survive in the highly salty water surrounding the facility. The fish are then raised in a land-based facility in Panama, and could not survive in the warm streams and lakes around it.Were you surprised that the FDA approved this genetically modified fish?AVE: No. But I am surprised at how long it took. The company provided the proof of concept more than a quarter of a century ago, and formally started the review process with the FDA in 1995. After a public meeting in September 2010, which followed AquaBounty’s unprecedented voluntary public release of all of the regulatory data about this genetically modified animal, I was certain that the FDA would approve it. At that time, FDA reviewers unanimously concluded that this food was as safe as conventional Atlantic salmon. What’s been happening in terms of finally making a decision in the five years since then is a mystery.Alison Van Eenennaam is an animal biotechnology specialist at the University of California, Davis. She was a subject matter expert when the FDA Veterinary Medicine Advisory Committee evaluated the AquAdvantage salmon in September 2010. Alan Goldberg, PhD, is a professor of toxicology and principal investigator in the Global Food Ethics Initiative at the Johns Hopkins University. Patrick Skerrett [email protected] After a 20-year review, the FDA just approved the first genetically modified animal for Americans to eat. But don’t expect to see the AquAdvantage salmon, created by AquaBounty Technologies of Waltham, Mass., in grocery stores or restaurants any time soon. Even barring legal challenges, which have already been threatened, it will likely take two years to get the fish to market.I talked about this fish tale with Alison Van Eenennaam, an animal biotechnology specialist at the University of California, Davis, who has been following the AquAdvantage salmon story for several years. I also chatted with Alan Goldberg, who is with the Global Food Ethics Initiative at the Johns Hopkins University.Is genetically engineered food risky?Alison Van Eenennaam: We’ve been genetically selecting food species, both plants and animals, since Adam was a boy. The risks of genetic engineering are no different than the risks of doing the same thing with selective breeding.advertisement Alan Goldberg: Every animal we consume for food has been modified one way or another over millennia. Genetic engineering is just another way to do it. Compare pictures of beef cows from today with images of beef cows in the 1700s. They look like different species. Today’s industrial turkey has been bred for so much breast meat that it can barely stand up and can’t have normal intercourse. I see nothing wrong with eating genetically modified fish or other animals.If the AquAdvantage salmon makes it to the marketplace, would you buy it?AVE: In a heartbeat. Compared with traditionally farmed Atlantic salmon, I’d buy the AquAdvantage because I believe it is environmentally superior to conventionally farmed salmon. It requires less feed over its lifetime. That significantly reduces the environmental footprint of raising fish for food. I’d also buy it because I support innovation in agriculture.advertisement By Patrick Skerrett Nov. 20, 2015 Reprintscenter_img @PJSkerrett Editor, First Opinion Patrick Skerrett is the editor of First Opinion, STAT’s platform for perspective and opinion on the life sciences writ large, and the host of the First Opinion Podcast. About the Author Reprints The FDA on Thursday approved the first genetically modified animal to be marketed as food for Americans — the AquAdvantage salmon. Peter Parks/AFP/Getty Images Tags FDAgenetically modified organismsnutritionlast_img read more

Plane skids off taxiway after powerful winter storm creates slick conditions

first_imgAdvertisement Two small planes collide mid-air and both landed safely May 14, 2021 Plane makes emergency landing on Florida beach May 31, 2021 Small plane makes emergency landing on Alligator Alley June 14, 2021 AdvertisementDC Young Fly knocks out heckler (video) – Rolling OutRead more6 comments’Mortal Kombat’ Exceeded Expectations Says WarnerMedia ExecutiveRead more2 commentsDo You Remember Bob’s Big Boy?Read more1 commentsKISS Front Man Paul Stanley Reveals This Is The End Of KISS As A Touring Band, For RealRead more1 comments AdvertisementTags: PlaneSpirit Airlineswinter The-CNN-Wire™ & © 2020 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. Advertisement RELATEDTOPICS AdvertisementRecommended ArticlesBrie Larson Reportedly Replacing Robert Downey Jr. As The Face Of The MCURead more81 commentsGal Gadot Reportedly Being Recast As Wonder Woman For The FlashRead more29 comments A Spirit Airlines plane skidded off the taxiway at Baltimore/Washington International Thurgood Marshall Airport on Thursday morning after a powerful winter storm created slick conditions.Field Sutton, spokesman with Spirit Airlines, told CNN that Spirit flight 696 from Las Vegas to BWI landed safely, but the plane slid off the taxiway while heading to the terminal. Sutton said the front wheel slid into the grass area.No passengers were injured, Sutton said. BWI Airport tweeted Wednesday night that its winter weather team had worked throughout the day to maintain safe surfaces in the airfield and near the terminal, saying “crews remain on standby to maintain safe operations this evening and in the morning.” World’s largest firefighting plane grounded as West US prepares for brutal wildfire season April 30, 2021 Advertisementlast_img read more

Feds to consider expanded services from banks, fintechs

first_img TD getting new head of private wealth, financial planning Related news The Department of Finance Canada has committed to reviewing banking legislation to make it easier for both banks and financial technology (fintech) firms to offer clients expanded technology services while maintaining consumer protections and the prohibition against banks engaging in commercial activities unrelated to financial services. Keywords Banking industry Feds to consider expanded services from banks, fintechs macfromlondon/123RF Rudy Mezzetta Fed plays limited role in assessing climate risks for banks Facebook LinkedIn Twitter Canadian banks to focus on growth, spending and buybacks after strong second quarter “Clarifying the fintech business powers of financial institutions and removing obstacles to collaboration between fintechs and financial institutions can help to accelerate innovation, potentially making the sector more accessible and affordable to Canadians,” Finance Canada indicated in its second consultation paper released last week as part of its review of the federal financial services sector framework. The review is part of the updating, which occurs every five years, of the Bank Act, the Insurance Companies Act, and the other statutes that govern federal financial services institutions. The sunset date on the current legislation is March 2019. The first consultation paper was published last year, and the deadline for comments on this second and final consultation paper is Sept. 29. In the near term, Finance Canada will review ways it might: > Update the rules around fintech activities banks are allowed to do. For example, current statutes use terms such as “portal” or “platform” to describe additional information processing activities a bank may do in-house with approval. These terms may be difficult to apply to emerging business models, Finance Canada says. > help banks and fintech to colloborate in order to encourage the “cross-pollination” of ideas, and to foster growth and innovation. Finance is asking for comments on whether to provide banks with additional flexibility to make non-controlling investments in fintechs and the corresponding authority to make referrals, subject to consumer protection, prudential, and commercial activities limitation. > Streamline the “entry and exit framework” for fintechs. This refers to the process by which a fintech firm can enter the financial services sector to serve an underserved market, or exit the sector if business plans change. Finance Canada is considering refinements to the current framework, including allowing the Office of the Superintendent of Financial Institutions (OSFI) to extend the period to issue an order to commence and carry on a business in certain circumstances. Finance Canada said it would also consider ways to help fintechs, which are often smaller firms with fewer resources, understand and navigate the financial services sector framework. Finance Canada would co-ordinate with provincial and territorial authorities to further this goal. Finally, Finance Canada indicated it would consider the merits of “open banking,” a framework under which consumers have the right to share their own banking information with other financial services providers. Stakeholders, including fintechs, have told the government that open banking is key to encouraging innovation. The government would look at how other jurisdictions are implementing open banking and the potential benefits and risks for Canadians. In addition to ways to help the fintech sector, the second consultation paper looked at improving consumer protection, including directing the Financial Consumer Agency of Canada to review the sales practices of banks “to assess whether sales targets and incentives are contributing to poor outcomes for consumers,” and to examine best practices in financial consumer protection in Canada. At the same time, OSFI will be reviewing retail sales practices at domestic systemically important banks — the Big Six firms — with focus on “risk culture, the governance of sales practices and how banks manage the potential reputational risk inherent in sales activities.” Finance Canada is considering providing federally regulated life insurers with additional investment powers in infrastructure to help the firms better match assets and liabilities and more actively participate in the financing of infrastructure as part of its goal of modernizing the financial framework. “In adapting to a low-yield environment, life and health insurers are increasingly looking to alternative investments such as infrastructure,” Finance Canada says. Finance Canada is looking at ways to provide these greater powers while still protecting policyholders and maintaining limitations on commercial investments. Finance Canada is also considering whether to maintain or repeal the Cooperative Credit Associations Act, as no active institution is currently subject to it. In January, Concentra Financial Services Association, the sole retail institution remaining operating under the Act, restructured as a bank. Read: Feds to review whether credit unions can use banking terms Photo copyright: macfromlondon/123RF Share this article and your comments with peers on social medialast_img read more

How Team Australia can succeed in Asia

first_imgHow Team Australia can succeed in Asia Business Council of AustraliaCOVID-19 pandemic and complexity in Australia-China relations provides rationale for greater economic engagement with AsiaDiversifying our trade partnerships is now an economic and geostrategic necessity and priority should be given to building stronger business connectivity with Japan, Indonesia, Viet Nam, Korea and IndiaBut diversification for Australia means China and rather than China orAustralian business must be bold and play to its strengths or the significant opportunities in Asia will be lostReport makes 24 recommendations to build successful businesses in Asia including through championing Asian-Australian diaspora talent and rebooting Asia literacyMinister for Trade, Tourism and Investment Dan Tehan today launched Asia Taskforce’s final report A Second Chance: How Team Australia can succeed in Asia.The report, a joint project by the Asia Society and Business Council’s Asia Taskforce, with knowledge partners PwC Australia and the University of Sydney Business School, provides a blueprint for Australia to successfully compete in the region.In response to the challenges Australia faces as the result of the COVID-19 pandemic and in our relations with China, the Asia Taskforce makes 24 recommendations for business, academia and government under a “Team Australia” approach.Mr Tehan said business and government needed to work together in order to keep trade with Asia moving.“Importantly, the Asia Taskforce does more than make the argument that businesses should expand into diverse markets across Asia,” Mr Tehan said.”It advocates a ‘Team Australia’ approach, and identifies practical, specific actions that business and governments can take to strengthen the presence of Australia, and our businesses, in Asia.”With China at the forefront, Asia is emerging from the pandemic as the economic powerhouse of the world, but Australia risks losing trade and investment opportunities for the future in Asia if we don’t act now.The report proposes focussing on markets and sectors where Australia has competitive advantages, such as healthcare in Indonesia and financial services in Japan, as well as India, Viet Nam and Korea. However, the report finds diversification cannot replace the need to adjust to and work with today’s more complex relationship with China.Taskforce Chairman and Compass Group Asia Pacific Regional Managing Director Mark van Dyck said:“The Taskforce’s aim was to provide a set of ideas and practical recommendations for Australian companies of all sizes to build sustainable and successful businesses in Asia.“We looked at what successful companies do well for practical first steps on designing and executing Asia strategies, drawing on companies such as Cochlear, ResMed, Treasury Wine Estates, Lendlease and a2 Milk.“Their experience shows understanding country-specific business practices, managing relationships and empowering local talent are key success factors.”Asia Society Australia chief executive officer Philipp Ivanov said:”Today, Asia accounts for 40 per cent of global GDP and the region is likely to fare better than most developed economies as the world recovers from the pandemic.“We need shift our attitudes and see Asia as more than just an export market, but a series of diverse markets that offer great opportunities on the ground.”“Australia is exceptionally well positioned to expand trade and investment partnerships in the region, however we need to play to our competitive strengths.”We must improve our Asia literacy, make better use of our rich Asian-Australia diaspora, adjust our policies to remove barriers and encourage innovation.”Business Council chief executive Jennifer Westacott AO said:“The rise of Asian economies on our doorstop and their growing middle classes are our chance to secure a stronger future with faster growth and more opportunities for Australians, but only if we grasp the opportunity.“Seizing this moment will mean taking a ‘Team Australia’ approach. Businesses will have to act boldly and as a nation we’ll need to focus on better co-ordination, driving our global competitiveness and pushing hard to exploit our existing comparative advantages and developing new ones.“If we succeed, Australians will have the best standards of living in the world but if we fail, we run the risk of becoming a second order economy in a thriving region.”PwC Australia Asia Practice Leader Andrew Parker said:“Asia is different and the operating environment is not straight-forward and the opportunities are not risk-free. But we’ve shown that managing that risk in Asia is possible.”Australia has done relatively well during the pandemic but if we don’t move fast to capitalise on our advantage, our competitors will, and we risk letting the opportunities in Asia pass us by.”Download the report here. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Asia, Asian, Australia, Australian, Business Council of Australia, China, environment, financial services, GDP, Government, India, Indonesia, Japan, pacific, sustainable, Sydney, University of Sydneylast_img read more

The new Toyota Supra is getting a performance version, the BMW Z4 is not

first_imgCreated with Raphaël 2.1.2Created with Raphaël 2.1.2 The 2019 BMW Z4 M40i First Edition.  Handout / BMW The new BMW Z4 and Toyota Supra are two of the most hotly anticipated cars of 2018. The cars, which share a platform, both fill a pretty niche market nowadays, with their target demographic the budget-minded auto enthusiast. But both only need a little more performance to aim further up-market.While the BMW Z4 has already been revealed, we are still waiting to even see an un-camouflaged version of the Supra.But even before the Japanese two-door’s release, Toyota bosses are talking about making a special hotted-up version, Top Gear reports. We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. ‹ Previous Next › “At some point, I would like to make a track-limited Supra with less weight. We’re already making a racing version,” Toyota’s performance chief Tetsuya Tada told the magazine. “We know if you take out 100 kg, it’s a completely different car—you don’t even need any more power.”This is good news, and considering the Supra is rumoured to source its engine from the Z4, we’re likely talking about making a 382-hp 3.0-litre twin-turbo inline-six even more capable.As Toyota looks to upgrade its not-yet-released sports car, BMW is doing completely the opposite. Klaus Fröhlich, BMW’s head of R&D, told Road & Track that there would not be an ‘M’ version of the Z4 any time soon.“At the moment this segment is very small, and I had to fight hard to make the new Z4 happen at all, honestly,” Fröhlich said. He added that it was sensational to drive, and early reviews are corroborating his claims, so it’s possible that there may not even be a need for an M version.Frölich also said he wanted to offer a manual transmission option, but the demand for one just isn’t enough to justify the costs. Ouch. advertisement RELATED TAGSBMWSupraToyotaZ4News COMMENTSSHARE YOUR THOUGHTS The Rolls-Royce Boat Tail may be the most expensive new car ever Trending Videos See More Videos Trending in Canada PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | Driving.ca virtual panelPlayThese spy shots get us an early glimpse of some future models | Driving.ca Buy It! Princess Diana’s humble little 1981 Ford Escort is up for auction An engagement gift from Prince Charles, the car is being sold by a Princess Di “superfan” Hopefully, BMW changes its minds about the decisions it’s made, because until then, we’ll take the Supra. last_img read more

The intersection and interaction of Clery and OIEC

first_imgApril’s Monthly Ethics & Compliance Education Series will focus on the similarities as well as the differences between reporting requirements for Clery (Act) and The Office of Institutional Equity and Compliance. In this session, Teresa Wroe, Director of Education and Prevention/Deputy Title IX Coordinator and Andy Mead, Clery Compliance and Crime Analyst will cover:General overview explaining where reporting requirements intersect and differentiate.Responsibility to report based on policy and your role on campusThe purpose of reporting and how reports are handledThis presentation will include case studies to explore how Clery and OIEC work together and what efforts are in place to help ensure a safe campus environment.Ample time for audience Q&A will be provided at the conclusion of the session.last_img read more

Faculty and Athletics conversation series to debut on Monday

first_img Published: Oct. 24, 2019 The Boulder Faculty Assembly’s Intercollegiate Athletics Committee, in coordination with the CU Athletics Department, will debut a conversation series on athletics topics on Monday. The first session will feature a presentation by Athletic Director Rick George on budget and finances, followed by a question-and-answer session. Faculty are invited to attend the event, which starts at noon Monday, Oct. 28 in the University Memorial Center’s Aspen Room. Lunch will be provided. Attendees are requested to RSVP.Topics for future sessions will include student-athlete academic success; the safety, health and wellness of student-athletes; and equity, diversity and inclusion. The second session, focusing on academic success, will take place at noon Thursday, Dec. 5, in the Aspen Room and features Kris Livingston, senior associate athletic director for student success.Categories:Workshops & SeminarsEvents & Exhibits Share Share via TwitterShare via FacebookShare via LinkedInShare via E-maillast_img read more

PS calls for drug abuse campaign targeted at teens

first_imgFacebookTwitterWhatsAppEmail With statistics showing that more teens are abusing drugs, Permanent Secretary in the Ministry of Health, Dr. Jean Dixon, says that a wide ranging public education campaign, targeting the age group, must be undertaken to increase awareness on the ills of drug abuse.“I foresee an anti-drug campaign that targets parents, teens and the society at large that is open and frank about the (harms) of drug usage,” she said in a statement delivered by Director, Mental Health and Substance Abuse Services, Dr. Maureen Irons Morgan, at a Drug Awareness Month workshop today (November 4) at the Terra Nova hotel in St. Andrew.Dr. Dixon informed that research showed that the number of youths experimenting with drugs is increasing at a significant rate and that they are starting at an even earlier stage in life.Statistics from the Jamaica National School Survey (2006) showed that of the youth population ages 11 to 17, over 70 per cent have used alcohol, 27 per cent have used tobacco, 24 per cent have used marijuana, and 3.1 per cent have used cocaine or crack.Executive Director, Drug Abuse Secretariat, Michael Tucker (left), is in discussion with Director, Mental Health and Substance Abuse Services, Ministry of Health, Dr. Maureen Irons Morgan; Deputy Chairman of the National Council on Drug Abuse, Steve Ashley (2nd right); and Disease Prevention and Control Advisor, Pan American Health Organisation/World Health Organisation, Dr. Jean Marie Rwangabwoba. Occasion was the Drug Awareness Month workshop at the Terra Nova hotel in St. Andrew on Thursday (Nov. 4).“This is worrying, considering the devastating impact it can have on their performance at school, such as missing classes, becoming violent towards fellow peers and teachers and becoming a school dropout,” the Permanent Secretary lamented.She said the implementation of a public education campaign is therefore critical as information can serve as a powerful tool for behaviour change. “In an age of technology that is being fully utilised by youths, especially the Internet, we must seize this opportunity to target teens and tailor prevention messages that will have a huge impact,” Dr. Dixon stated.She noted also that ways must be found to “harness the intensive influence that people have on each other through social networks and social media, which is a relatively cheap and effective tool for promoting public health.”She said that youth participation in the development of evidenced-based prevention programmes is a “very important strategy as they have thoughts, ideas and the creativity that can be used effectively to achieve the desired results.”Even while focus is placed on teens, Dr. Dixon said drug abuse is a real concern for all Jamaica, as data indicates that approximately 187,000 persons have drug-related problems.She said the health sector spends on average close to $2 billion on trauma-related injuries, which included injuries as a result of drug use, and gang-related violence that is associated with the drug trade.Dr. Dixon said she strongly believes that through local, regional and international collaboration, the Ministry of Health will be able to bring drug abuse under effective control.She called on private and public sector agencies to support the Ministry’s drug awareness efforts, “so that our work will not be in vain, but will be a beacon of hope to further our endeavours to achieve our targets.”“While the government can implement a national strategy, we cannot deliver everything and so we need the input from other organisations to help drive the process,” she stated.Drug Awareness Month is being observed in November under the theme: ‘Stop and Think.Drugs not the Link’. Thursday’s workshop was organised by the National Council on Drug Abuse in collaboration with the Pan American Health Organization and focused on policy review, epidemiology and standards of care. RelatedPS calls for drug abuse campaign targeted at teens RelatedPS calls for drug abuse campaign targeted at teens PS calls for drug abuse campaign targeted at teens Health & WellnessNovember 5, 2010center_img Advertisements RelatedPS calls for drug abuse campaign targeted at teenslast_img read more

St. Monica’s wants a trade to facilitate sale of parking lot

first_imgHomeSportsCommunitySt. Monica’s wants a trade to facilitate sale of parking lot Nov. 05, 2019 at 6:00 amCommunityDevelopmentEventsFeaturedNewsReal EstateSt. Monica’s wants a trade to facilitate sale of parking loteditor2 years agohousingparking lotplanning commissionst. monica catholic communitySt. Monica Catholic Church in Santa Monica (File photo) The St. Monica Catholic Community is asking to modify rules governing a parking lot on 7th street to facilitate the possible sale of the site but approval may be contingent on a guarantee the site becomes multi-unit housing.The parking lot at 1140 7th street is part of the development agreement signed by the church in 2010 that allowed for construction of a community center, a new building at the high school and other improvements to their primary site on the 1000 block of Lincoln. The deal requires the church to keep 15 of the 26 spaces on 7th street available for public use, provide meeting space to the public and keep the bookstore/café accessible to the public.However, St. Monica’s no longer needs the parking and wants to sell the site. In trade for removing the parking lot from the DA, the church is offering to expand access to its meeting and event facilities. The church is also offering free use of 30 spaces in its underground parking to individuals attending City-sponsored events at nearby Reed Park (including the Miles Memorial Playhouse).Planning Commission will hear the proposed deal at their Wednesday meeting.“Per the proposed DA amendment application, eliminating the community benefit of the parking lot at 1140 7th Street for neighborhood shared parking would allow the sale of the property and thus facilitate the conversion of the underutilized parking lot to a housing project consistent with the Land Use and Circulation Element, R2 zoning district, and City policy in support of housing,” said the staff report submitted to Planning Commission.While staff support the idea of trading parking for event space, negotiations have stalled over what could be built on the parking lot site.R2 zoning allows for several kinds of projects including single-unit housing, duplexes and triplexes, low-scale multi-unit housing, townhouses, and courtyard housing with at least 2,000 square feet of parcel area per unit exclusive of City and State density bonuses.“The applicant recognizes that the parking lot located at 1140 7th Street could be redeveloped consistent with the R2 zoning district land uses,” said the staff report. “However, given the ongoing housing crisis and City Council priorities to increase housing production, staff sought to restrict future redevelopment of the site to only multi-unit residential development in-lieu of other permitted land uses in the R2 Zone.”Staff are proposing the property be limited to multi-unit residential housing for five years after the date of the proposed amendment. The church has rejected the proposal saying limits on possible uses will undermine the property value.“The Planning Commission should discuss whether this additional community benefit for restricting future use of the 1140 7th Street parcel for multi-unit residential use should be included as part of the recommendation to City Council,” said the staff report.The Planning Commission will meet on Wednesday, Nov. 6 at 7 p.m. in City [email protected] :housingparking lotplanning commissionst. monica catholic communityshare on Facebookshare on Twitteradd a commentApple commits $2.5B to combat California housing crisisLawmakers want Twitter to fight Census disinformationYou Might Also LikeFeaturedNewsBobadilla rejects Santa Monica City Manager positionMatthew Hall7 hours agoNewsCouncil picks new City ManagerBrennon Dixson18 hours agoFeaturedNewsProtesting parents and Snapchat remain in disagreement over child protection policiesClara Harter18 hours agoFeaturedNewsDowntown grocery to become mixed use developmenteditor18 hours agoNewsBruised but unbowed, meme stock investors are back for moreAssociated Press18 hours agoNewsWedding boom is on in the US as vendors scramble to keep upAssociated Press18 hours agolast_img read more

Airtel Africa explores towers sale

first_imgHome Airtel Africa explores towers sale AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore1 09 NOV 2020 Yanitsa Boyadzhieva Author Airtel Africa Nigeria boss lands top job Tags Airtel Africa taps Mastercard in latest money unit sale Airtel Africa CEO Raghunath Mandava reportedly outlined plans to sell approximately 4,500 towers in five countries, in a move aimed to narrow down its $3.5 billion debt and prepare for upcoming bond repayments.In an interview with Bloomberg, Mandava was cited as stating the operator looked to divest tower assets in Chad, Gabon, Madagascar, Malawi and Tanzania.The Airtel Africa chief noted the company was continually looking to reduce its debt and it aimed to do so in a quick manner by agreeing tower deals. It also planned to lease back its masts assets from the buyers.Mandava said the company had already managed to cut down debt after listing in Nigeria and on the London Stock Exchange (LSE) in 2019.In its latest annual report, released at the end of last month, the operator said its net debt stood at $3.5 billion, significantly down from $7.7 billion at the end of 2018.It needs to repay €750 million ($890 million) in May 2021 and repay $505 million in March 2023. Subscribe to our daily newsletter Back Related Yanitsa joins Mobile World Live as a Reporter based in London. She has more than 5 years’ experience at various media outlets in her home country Bulgaria. She started her career as a political reporter, followed by taking editor roles… Read more Previous ArticleOrange pushes Romania ambitions with TKR dealNext ArticleTelefonica mulls options for €2B submarine cable unit Helios Towers inks several Airtel Africa deals Airtel Africareduce debttower salelast_img read more