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Month: September 2024

Razing of Orlando’s longtime Griffin Park underway to make room for new housing community

Razing of Orlando’s longtime Griffin Park underway to make room for new housing community

Demolition is underway at Griffin Park, the Orlando Housing Authority’s first and oldest housing community, marking the first step of plans to revitalize the historic community.

Plans are to transform it into new mixed-income housing tucked further away from the noise and pollution of Interstate 4.

Opened in 1941, Griffin Park has 23 buildings and sits on nine acres nestled between I-4 and the East-West Expressway. The community has been recognized by the National Register of Historic Places since 1996.

As part of the project, two buildings — one of which includes the management office for the community — will be preserved for historic purposes.

Orlando Housing Authority CEO Vivian Bryant, who gathered with others at the site Thursday for the demolition, said there’s no timeline yet for building new housing and that it’s contingent upon community input.

“In terms of rebuilding, we’ll work with the community, city and history museum to come up with a plan for what the new structures will look like and what the design will be,” she said. “Then we’ll go after financing to build.” read more

People on the move

People on the move

Boards of directors

Steve Langley, City of Mount Dora electric utility director, was elected as vice president of the Florida Municipal Electric Association board of directors.

Education

Jodi Long was appointed vice president for academic affairs at Daytona State College.

Real estate

Joshua A. Harris was appointed senior vice president at Winter Park-based CrossMarc Services LLC.

Joey Blakley was hired as senior director at Cushman & Wakefield and will be based in the firm’s Orlando office.

Other

Aminah Harris was appointed as president of Elevation Scholars, Orlando.

Submit professional appointments, management-level promotions and significant awards for individuals, along with photos as .jpg attachments, to peopleonmove@orlandosentinel.com.

The best ways to give money to a teenager

The best ways to give money to a teenager

By Kimberly Palmer | NerdWallet

The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.

Giving money to teenage children might sound simple, but it can quickly become complicated. Parents often want to set limits on how much their teens can spend, teach them about money management and protect them from fraud, all at the same time.

“It’s about knowing your kids and tailoring the approach a little bit to the child,” says Amy Spalding, a certified financial planner at District Capital Management, a Washington, D.C.-based firm. Some kids need more active help to stay organized and learn how to stay within a budget, while others need to be encouraged to practice spending in the real world.

Here are some strategies to consider when providing money to your teenager:

Start with cash

When children are using money on their own for the first time, sticking with cash can be the easiest way for them to learn how to manage it, says Dan Tobias, a CFP and founder of Passport Wealth Management in Cornelius, North Carolina. “First, get them to understand and appreciate money with paper. Then, when you need to, you can switch to electronic methods,” he says. read more

Orlando-based Red Lobster can exit bankruptcy, judge rules

Orlando-based Red Lobster can exit bankruptcy, judge rules

After months of dozens of restaurant closings and headlines about “endless shrimp” woes, Red Lobster is poised to soon exit from Chapter 11 bankruptcy protection.

A U.S. bankruptcy judge on Thursday approved the casual seafood chain’s reorganization plan and sale to a lender group led by asset manager Fortress. Fortress, joined by co-investors TCW Private Credit and Blue Torch, created RL Investor Holdings LLC to acquire Red Lobster through bankruptcy court.

Damola Adamolekun, who stepped down as P.F. Chang’s CEO in 2023, is poised to become CEO of Red Lobster with the judge’s ruling.

The judge’s ruling comes just four months after Red Lobster filed for bankruptcy protection as it pursued a sale, following years of mounting losses and dwindling customers while it struggled to keep up with competitors.

At the time of filing in May, Red Lobster’s leadership shared plans to “simplify the business” through a reduction of locations. The Orlando-based chain shuttered a number of its North American restaurants in recent months — both leading up to and during the bankruptcy process. That includes more than 50 locations whose equipment was put up for auction just days before the Chapter 11 petition, followed by dozens of additional closures throughout the bankruptcy process. read more